Smartworks Signs Agreement for 815,000 Sq. Ft. Workspace in Mumbai
Filing Summary
Smartworks Coworking Spaces Limited has signed an agreement for an 815,000 square feet flexible workspace campus at Eastbridge, Mumbai, developed by the Hiranandani Group. This development is the largest managed office campus globally. The campus is strategically located in Vikhroli and is scheduled to be operational in Q4 2026. It will feature WELL and IGBC certifications, emphasizing sustainability and wellness. The collaboration highlights Smartworks’ leadership in the managed workspace sector, with the company already managing over 12 million square feet across 14 cities.
Smartworks Coworking Spaces Limited has entered into an agreement for the development of an 815,000 square feet flexible workspace campus at Eastbridge, Mumbai. This project is a collaboration with Regalia Office Parks Private Limited, part of the Niranjan Hiranandani Group. The campus is positioned as the world’s largest managed office space, reinforcing Smartworks’ leadership in the sector. The development is located in Vikhroli, a key business corridor in Mumbai, and is expected to become operational in the fourth quarter of 2026.
The financial terms of the agreement have not been disclosed in the filing. However, the scale of the project underscores Smartworks’ significant investment in expanding its managed office space portfolio. The company continues to enhance its footprint, having recently expanded by 557,000 square feet at Tata Realty’s Intellion Park in Navi Mumbai. The Eastbridge project is part of Smartworks’ strategy to cater to mid-to-large enterprises, offering comprehensive workspace solutions.
The operational scope of the Eastbridge campus includes WELL and IGBC certifications, focusing on sustainability and wellness. The campus will feature advanced sustainability measures such as Green Energy, Organic Waste Converter systems, EV charging stations, and rainwater harvesting. It will also include amenities like an entry plaza, amphitheatre, super-tree greenscape, yoga and meditation zones, jogging tracks, bicycle parking, and a Miyawaki mini forest. These features are designed to provide a modern office experience that promotes productivity and collaboration.
The timeline for the project indicates that the campus is scheduled to go live in the fourth quarter of 2026. The location offers seamless connectivity via the Central Railway line to Vikhroli station, the Jogeshwari–Vikhroli Link Road, and an upcoming metro line. A planned flyover from LBS Marg to the Eastern Express Highway will further enhance accessibility.
The agreement involves Smartworks Coworking Spaces Limited and Regalia Office Parks Private Limited, the commercial office division of the Niranjan Hiranandani Group. Smartworks is responsible for managing and operating the workspace, while Regalia Office Parks is the developer of the Eastbridge campus. This collaboration reflects a shared vision of creating sustainable, people-centric campuses.
The Eastbridge project is significant in the context of the managed workspace market, highlighting a trend towards large-scale, sustainable office environments. Smartworks’ leadership in this sector is reinforced by its extensive portfolio, which includes over 12 million square feet of managed office space across 14 cities in India and Singapore. The company’s focus on sustainability and modern amenities aligns with current market demands for flexible and environmentally conscious workspaces.
Hiranandani Group is a prominent real estate developer in India, known for its large-scale residential and commercial projects. The group’s collaboration with Smartworks for the Eastbridge campus aligns with its focus on creating sustainable and innovative real estate solutions.
Smartworks Coworking Spaces Limited is the largest managed office platform by total area under management. The company provides comprehensive workspace solutions, transforming large bare shell properties into fully serviced, tech-enabled campuses. Smartworks serves a diverse client base, including Forbes 2000 companies, MNCs, Indian conglomerates, and startups, focusing on mid-to-large enterprises.