Smartworks leases 5 lakh sq ft office space from Sattva Group to set up co-working centre

New Delhi, May 27 (PTI) Smartworks Coworking Spaces has leased nearly 5 lakh sq ft office spaces in Bengaluru from Sattva Group to set up a co-working centre to meet the rising demand of managed office space.
     In a regulatory filing on Wednesday, the company said it has strengthened its presence in Bengaluru with the leasing of a new campus at Sattva Aura on the city's Outer Ring Road, comprising around 4.92 lakh sq ft.
     Neetish Sarda, Founder and Managing Director of Smartworks, said, "Bengaluru continues to be one of India's most important enterprise markets, particularly with the sustained growth of Global Capability Centres and technology-led businesses."
     Shivam Agarwal, Vice President, Strategy, Sattva Group, said the demand from enterprises and GCCs for flexible, high-quality workspace is growing.
     "... A big part of that is companies rethinking how their physical environment supports talent, collaboration, and productivity in an AI-first world. Bengaluru is at the centre of that shift...," he said.
     Smartworks has a total portfolio of 16.1 million sq ft across 66 centres in 15 cities in India and Singapore, as of March 31, 2026.
     The company takes office spaces from developers and then transforms large bare-shell properties into fully-managed, enterprise-grade campuses. It primarily caters to mid-to-large enterprises.
     According to real estate consultant Colliers India, the gross leasing of office space rose 6 per cent in 2025 to 71.5 million square feet across seven major cities. Out of this, coworking or flexible space operators took 13 million sq ft on lease. These operators set up their own centres and sub-lease the workspaces to corporates.

(This story has not been edited by THE WEEK and is auto-generated from PTI)