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Expansion▲ Bullish for Smartworks
Smartworks Plans Rs 600 Crore Annual Expansion As Contracted Revenue Nears Rs 6,000 Crore
The brief
- Smartworks plans Rs 550-600 crore annual investment over the next three years
- It aims to add about 3 million sq ft of managed office space each year
- Expansion plans and contracted revenue matter directly to Smartworks and Indian office-space demand
Smartworks’ managed office expansion
Smartworks secured new corporate leasing contracts projected to generate ₹305 crore in office rent. It plans to invest ₹550–600 crore annually over three years and add about 3 million square feet of managed office space each year.
Wednesday, 30 September
- Smartworks Plans Rs 600 Crore Annual Expansion As Contracted Revenue Nears Rs 6,000 Crore