India’s flexible workspace market is set to scale sharply, with capacity projected to rise 16–18% over the next two fiscal years to about 140–145 million sq ft. Demand from businesses seeking agility and lower costs is accelerating expansion. Operators are rolling out new spaces not only in major metros but also in fast-growing tier II cities, supported by substantial planned investments.
Smartworks posted strong FY26 results with revenue rising 31% to Rs 1,796 crore, along with its first full year of profitability. The flexible workspace provider became the first listed platform in India to cross 10 million square feet and expanded to 16.1 million square feet across 66 centres. Contracted rental revenue also surged past Rs 5,200 crore.
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