Smartworks Coworking Spaces Limited has leased ~1.68 lakh sq. ft. in Kolkata to a leading global provider of information technology, consulting and business process services.

The IT major’s new office is distributed across two Smartworks campuses – Victoria Park and Mediasiti, located in Kolkata’s thriving commercial micro market at Salt Lake City, Sector V. This is the largest flex-office deal signed in the Kolkata region.

The advisory partner for this transaction was JLL India.

“Enterprise adoption of managed campuses has entered a decisive phase. Large organisations are scaling faster and leaning toward workspace models that offer predictability, depth, and seamless expansion. With flex contributing a growing share of India’s office absorption, our focus remains on building integrated campuses that can support this momentum with consistency across markets,” said Neetish Sarda, Founder and Managing Director, Smartworks.

Strategically located with excellent connectivity and a strong talent ecosystem, the new workspace offers tech-enabled environments, modern collaboration zones, meeting suites, recreation areas, wellness facilities and convenience stores – designed as holistic, experience-led spaces that support productivity, culture and scale for today’s enterprises.

As the category creator of India’s managed campus model, Smartworks unifies scale, flexibility and value-driven workspace delivery under one platform.

Smartworks’ growth in recent quarters reflects a clear shift in the Indian office market. Enterprises are consolidating into larger, high-quality campuses and choosing partners who can deliver speed, consistency and long-tenure stability.

Strong seat retention, long client tenures and rising uptake in the 1,000+ seats category, now contributing ~35% of rental revenue, highlight how enterprises increasingly view the managed campus model as a long-term, scalable solution rather than a stopgap flex arrangement.

With a ~14 million sq. ft. portfolio as on date across 14 cities, Smartworks has a diverse client base including GCCs, Forbes 2000 companies, multinationals and Indian enterprises establishing and expanding their operations in India. Consistent with its execution playbook, the company delivers customised office spaces within 45–60 days, enabling enterprises to go live and scale at speed across markets.

With recent large space sign-ups by Wolters Kluwer and Davies Shared Services in Pune, this marks the continuation of Smartworks’ steady streak of sizeable enterprise take-ups.