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Smartworks takes 480,000 sq ft in Gurugram for ₹94-cr rent per year
Financial Express Kochi
|January 03, 2025
CO-WORKING PLAYER SMARTWORKS has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of ₹94.68 crore for six years.
The space is located in DLF Commercial Building Block-3 in DLF City-Phase 5, Gurgaon, according to data accessed by Propstack. The monthly rent amounts to ₹7.89 crore or ₹165 per square feet per month, it said, adding that the deposit amount is ₹47.35 crore.
The company has access to a total of six floors, including the ground floor, and 794 car parking spaces. The agreement has a rental escalation of 9% in November 2027.
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