Smartworks Secures Largest Flex-Office Deal in Kolkata with Leading IT Major, Leasing 1.68 Lakh sq. ft.

Smartworks Coworking Spaces Limited, India's largest managed office platform by area under management, announced leasing 1.68 lakh sq. ft. to a leading global IT consulting and business process services company in Kolkata. This space spans two prominent Smartworks campuses located in Salt Lake City's Sector V commercial hub—Victoria Park and Mediasiti. This deal represents the largest flex-office lease in the Kolkata region, signaling strong growth and enterprise shift toward managed office solutions in India.

Neetish Sarda, Founder and Managing Director of Smartworks, emphasized that enterprises are gravitating toward flexible, scalable office models that support predictable growth. The newly leased workspace offers a modern, tech-enabled environment featuring collaboration zones, wellness amenities, meeting suites, and convenience stores to enhance employee productivity and experience.

As the pioneer of India's managed campus model, Smartworks operates a 14 million sq. ft. portfolio across 14 cities, servicing over 760 clients, including GCCs, Forbes 2000 companies, and multinationals with fast office customization and scalable solutions. This deal follows recent large-space signings in Pune and underscores the demand for quality, high-capacity managed offices across India.

Key Highlights:

Largest flex-office lease signed in Kolkata with 1.68 lakh sq. ft. leased to a top IT services major

Space spread across Smartworks’ Victoria Park and Mediasiti campuses in Salt Lake City, Sector V

Facilities include tech-enabled workspaces, collaboration zones, wellness areas, and meeting rooms

Smartworks' portfolio totals 14 million sq. ft. across 61 centers in 14 cities in India and Singapore

Increasing enterprise preference for managed campuses offering scale, flexibility, and long-term stability

JLL India served as the advisory partner for the transaction

Source: Smartworks Coworking Spaces Limited official press release dated December 4, 2025, and JLL India advisory disclosures.