Smartworks Coworking Spaces has expanded its presence in Delhi NCR with a new managed office at 4 Worldmark by Bharti Real Estate in Aerocity. According to latest reports, the new centre spans 1.41 lakh square feet and reflects the company's sustained focus on strengthening its footprint across key enterprise corridors and high-growth office markets. The sizable office space marks a significant development in the company's strategic push to strengthen its footprint across key enterprise corridors and high-growth office markets in the region.
The new centre is located adjacent to Indira Gandhi International Airport, positioning Smartworks in one of Delhi NCR's fastest-growing commercial hubs. As reported by Business Standard, the location is well connected and supported by a strong hospitality and business ecosystem. The expansion was disclosed on August 5, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Smartworks plans to fund the ₹25 crore investment through internal accruals, issue proceeds, and external debt, demonstrating management confidence in converting high committed occupancy into sustained cash flows.
By partnering with Bharti Real Estate on this asset, Smartworks continues to deepen its relationships with leading developers across India. According to Business Standard, this partnership builds on existing associations with groups such as Hiranandani, Panchshil Realty, DLF, and Tata Realty, among others. The collaboration demonstrates Smartworks' strategy of working with established real estate developers to expand its managed office portfolio.
The new managed office space at 4 Worldmark provides enterprise-grade workplace infrastructure coupled with a hospitality-led employee experience in an IGBC Platinum Certified building. The centre offers an array of amenities including collaborative workspaces, meeting and training facilities, wellness features, executive lounges, and integrated breakout zones. Additionally, members benefit from access to curated food and beverage experiences, retail, and public art in the vicinity, enriching the overall workplace experience.
Recently, Smartworks announced its Q1 FY27 results, reporting a revenue of ₹546 crore, which is a 44% year-on-year increase. The contracted rental revenue was reported to be approximately ₹5,400 crore, providing robust multi-year revenue visibility. As of June 30, 2026, Smartworks boasts a total secured footprint of around 16.9 million square feet across 70 centres in 15 cities across India and Singapore, with an overall utilization rate of 81% and committed occupancy at 86%. The company serves over 760 clients, including Fortune 500 firms and unicorns.
