Smartworks Coworking Spaces Ltd. Announces Capacity Addition in Hyderabad
Smartworks Coworking Spaces Limited announced a capacity addition in Hyderabad on April 1, 2026. The company entered a lease agreement for a space measuring 1,25,906 square feet, which will increase its operational capacity.According to details released, the company’s existing leased capacity is 11.1 million square feet, with an operational capacity of 9.2 million square feet. Current capacity utilization stands at 84% based on operational capacity.
The investment for the capacity addition is estimated at approximately INR 17.00 Crores, to be financed through internal accruals and issue proceeds. The expansion is expected to be completed within April 2026. The company cited business growth and expanding its operational footprint as the rationale for the addition.
| Particulars | Description |
|---|---|
| Existing capacity (Leased) | 11.1 Million Sq. Ft. |
| Existing capacity (Operational) | 9.2 Million Sq. Ft. |
| Existing capacity utilization (Operational) | 84% |
| Proposed capacity addition | 1,25,906 Sq. Ft |
| Period for addition | Within April - 2026 |
| Investment required | INR 17.00 Crores (Approx.) |
| Mode of financing | Internal Accruals/ Issue Proceeds |
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