
Smartworks Coworking leased over 1,100 seats in Pune to L&T Technology Services for ₹55 crore over five years, expanding their partnership to 2,750 seats across cities.
Smartworks Coworking Spaces Ltd said Monday it has leased over 1,100 desks at its Pune facility to L&T Technology Services, expecting ₹55 crore in rental income over a five-year term.
The deal, disclosed in a regulatory filing, expands the total seats provided to L&T Technology Services to more than 2,750 across multiple cities. The Pune lease runs for 60 months.
Enterprise workplace decisions are increasingly driven by flexibility and the confidence to scale, Neetish Sarda, Smartworks founder and managing director, said in the filing. The company noted that clients with more than 1,000 seats account for about 37% of its total rental revenue.
Smartworks manages office space for mid-to-large enterprises, taking buildings from developers and operating them as fully managed campuses. It counted 770-plus clients as of March 31, 2026, with a portfolio of 16.1 million square feet across 66 centres in 15 Indian cities and Singapore.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.