Smartworks Announces India's largest flexible office space in Pune

Smartworks, India's leading managed office space provider has announced India's largest flexible office space in Pune. In this newest addition, M-AGILE, Smartworks has leased a total of 5.6 lac sq ft, encompassing 8,500+ s

BY Realty Plus
Published - Saturday, 21 Aug, 2021

Smartworks Announces India's largest flexible office space in Pune

Smartworks, India's leading managed office space provider has announced India's largest flexible office space in Pune. In this newest addition, M-AGILE, Smartworks has leased a total of 5.6 lac sq ft, encompassing 8,500+ seats. It is already 40% pre-booked by IT/ITeS, BFSI and manufacturing clients and is scheduled to be operational in September. JLL, India's leading real estate consultancy firm, facilitated the transaction. The Grade A property, M-AGILE is in Pune's prime locality known for an elite corporate neighborhood with rapid connectivity to major hotspots and well-built infrastructure. It offers unparalleled access to strategic destinations such as IT Park Hinjewadi, Balewadi High Street, Mumbai-Pune Expressway, major academic institutions, hospitals, and retail avenues. It is perfect for a balanced working lifestyle with 25% more amenities than industry standards, such as a Wi-Fi café and lounge, dining area, futsal / basketball court, crèche, auditorium, well-equipped gymnasium, yoga and workout terrace, recreational zones and nine levels of parking. Neetish Sarda, Founder, Smartworks, said, "It has been a high growth trajectory for us in Pune in the last three years. Our growth has been driven by customer requirements for flexible office spaces that support collaboration, innovation and productivity." "We are excited to have facilitated the biggest deal to date for a flexible office space in India. Flex space stock has grown in the Pune City by over four times from 0.7 million sq ft in 2017 to 3.0 million sq ft in 2021 and has always presented a huge growth opportunity. With M-AGILE being in Baner, one of Pune’s most progressive areas, we were sure that will be a milestone transaction for the industry. Going forward, we expect the flex space market in Pune to reach ~5 million sq ft by 2022, driven by increased demand from large enterprises.” said Sanjay Bajaj, Managing Director - Pune, Logistics and Industrial, India, JLL.

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