Smartworks Adds 1,63,942 Sq. Ft. to Existing Capacity in Pune Amid Growth Plans
Smartworks Coworking Spaces Ltd has announced an expansion of its capacity in Pune, adding 1,63,942 Square Feet (Sq. Ft) to its current infrastructure. The move is part of the company's strategy for operational and business growth.The addition of this new capacity is planned to be completed within July 2026. This expansion comes as the company evaluates its existing footprint and utilization rates in Pune.
According to details provided, Smartworks currently maintains an existing leased capacity of 13.7 Million Sq. Ft. While the operational capacity stands at 10.1 Million Sq. Ft., the company reported an existing capacity utilization rate of 82% based on operational capacity.
The proposed capacity addition amounts to 1,63,942 Sq. Ft. This expansion requires an estimated investment of INR 25.00 Crores and will be financed through Internal Accruals or Issue Proceeds. The company stated that the rationale behind this move is to support business growth and expand its operational footprint.
Key details regarding Smartworks Coworking Spaces Ltd capacity are summarized below:
| Particulars | Details |
|---|---|
| Existing Leased Capacity | 13.7 Million Sq. Ft. |
| Operational Capacity | 10.1 Million Sq. Ft. |
| Current Utilization (Operational) | 82% |
| Proposed Capacity Addition | 1,63,942 Sq. Ft. |
| Financing Mode | Internal Accruals/ Issue Proceeds |
| Investment Required | INR 25.00 Crores (Approx.) |
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