Smartworks Leases 8.15 Lakh Sq. Ft Office Space in Mumbai's Hiranandani Group Campus: A Deep Dive

In a landmark commercial leasing transaction, Smartworks has taken a major step forward by renting 8.15 lakh sq. ft of office space in the prestigious Hiranandani Group campus in Mumbai. This agreement stands as one of the largest office lease deals in Mumbai, highlighting the remarkable momentum of the co-working and managed office sector within India’s most dynamic real estate hub. The deal reflects how businesses today are shifting toward flexible, technology-enabled, and employee-centric work environments that promote collaboration and innovation.

By choosing the Hiranandani campus, Smartworks reinforces its strategic focus on establishing a strong footprint across key business districts. The move also underscores the company’s confidence in Mumbai’s long-term potential as a commercial powerhouse. This expansion not only strengthens Smartworks’ position as a leader in the managed office industry but also signals a larger trend of corporations seeking adaptable workspace solutions in premium locations like Powai, where infrastructure, connectivity, and community thrive in perfect harmony.

Smartworks Mumbai office lease marks a major milestone in the company’s expansion strategy. The company has been steadily scaling its operations in key metro cities, responding to the increasing preference for managed office solutions among corporates and startups. By securing this vast workspace in Hiranandani Business Park, Smartworks aims to cater to enterprises looking for technologically advanced, flexible, and collaborative environments.

This Smartworks expansion in Mumbai further reinforces its commitment to offering customized workspace solutions. The company’s expansion is a response to the growing market demand for premium workspaces that blend comfort, technology, and convenience.

The Hiranandani Group is a leading name in Indian real estate, known for its world-class infrastructure and sustainable developments. The Group’s commercial hubs, especially in Powai and Thane, are recognized for their architectural excellence and modern business amenities. The Hiranandani Group commercial property portfolio reflects innovation and long-term value creation, offering a blend of aesthetics, efficiency, and connectivity.

This partnership with Smartworks further elevates the Hiranandani brand’s prominence in the commercial segment. The lease highlights how established developers are collaborating with flexible workspace providers to address the changing needs of modern businesses.

According to market sources, Smartworks leases 8.15 lakh sq ft office in Hiranandani Group campus Mumbai, making it one of the major commercial leasing deals in Mumbai 2025. This massive space will accommodate thousands of professionals, serving both established corporations and emerging startups.

The deal also reflects a growing confidence in India’s commercial real estate sector, especially in Mumbai. Smartworks’ latest leasing deal in Hiranandani Business Park Powai signals a strong rebound in the post-pandemic office leasing market, driven by hybrid work models and the need for premium, tech-enabled office environments.

The co-working and managed office growth in Mumbai commercial real estate has been phenomenal over the past few years. Companies are increasingly opting for flexible workspaces instead of traditional long-term leases. Managed office operators like Smartworks are catering to this demand by offering scalable, plug-and-play solutions.

As a result, Mumbai has emerged as a hotspot for flexible workspace providers. Areas such as Powai, Bandra-Kurla Complex (BKC), and Lower Parel are witnessing increasing absorption of co-working spaces. This trend is likely to continue in 2025, supported by business expansion and the return of workforce operations to physical offices.

Powai, where this deal is centred, is one of Mumbai’s most prominent business districts. It offers seamless connectivity to key areas such as Andheri, BKC, and the Eastern Express Highway. The Hiranandani Business Park Powai is already home to numerous multinational corporations and IT firms, making it an ideal choice for large-scale office leasing.

The location’s infrastructure, modern amenities, and cosmopolitan environment have made it a magnet for office space Mumbai seekers. This strategic area has long been favored by global firms due to its accessibility, proximity to the airport, and presence of leading residential and retail spaces.

The office leasing trends 2025 India highlight that companies are increasingly shifting toward flexible, sustainable, and technologically advanced workspaces. The ongoing transformation in the workplace model, driven by digitization and employee well-being, has redefined the leasing landscape.

Deals like this one by Smartworks in collaboration with the Hiranandani Group underline the resilience of India’s office space market. The country’s major metropolitan regions, especially Mumbai, Delhi-NCR, and Bengaluru, continue to attract large leasing volumes from domestic and international firms alike.

This Smartworks expansion in Mumbai is expected to set a benchmark for future leasing transactions. As companies look for high-quality workspaces with integrated technology and community-based environments, Smartworks is well-positioned to lead this transformation.

For Hiranandani Group, the collaboration strengthens its presence in the commercial leasing ecosystem. It demonstrates how traditional real estate developers are aligning with modern workspace operators to meet evolving corporate demands.

The Mumbai real estate news sector is abuzz with this development, which reflects the rising preference for adaptable business environments. This synergy between developers and co-working brands may pave the way for more such large-scale collaborations in the coming years.

The success of this transaction highlights the increasing role of managed office providers in India’s urban commercial framework. As more companies adopt hybrid work models, demand for flexible workspaces will surge further. Smartworks, being one of the leading players in the segment, is expected to capitalize on this trend.

The integration of technology, sustainability, and design will continue to shape the future of workspaces. Collaborations between real estate giants like Hiranandani Group and workspace innovators like Smartworks are expected to redefine the way businesses operate in India’s top cities.

Smartworks has signed a major commercial leasing deal, renting 8.15 lakh sq ft of office space in Mumbai’s Hiranandani Group campus. This marks one of the largest office lease deals in Mumbai, reflecting the rising demand for flexible and managed workspaces. The partnership between Smartworks and Hiranandani Group underscores the growth of co-working and managed office spaces in India. As office leasing trends 2025 India evolve, this collaboration will significantly influence the Mumbai real estate news landscape and future workspace design.