Smartworks The Rise of Managed Office Solutions in India

Author : smart works | Published On : 03 May 2024

The concept of workspace is undergoing a dramatic shift in India. Gone are the days of rigid, fixed office spaces. Today's businesses demand flexibility, scalability, and customization – all of which are being addressed by the burgeoning managed office space sector.

This blog dives into the rise of managed office solutions in India, with Smartworks standing out as a key player.

The Managed Office Revolution

The past few years have witnessed a surge in flexible workspaces, with a new standard emerging within the commercial real estate industry. This shift is driven by managed office solutions, offering a dynamic alternative to traditional office spaces.

Managed office spaces cater to the evolving needs of businesses by providing:

• Versatility: Businesses can scale their space requirements up or down as needed.

• Scalability: Ideal for startups and growing companies that require flexibility.

• Customization: Tenants can personalize their workspace to fit their brand and culture.

This approach is gaining traction, with a recent report indicating a tenfold increase in operational managed office space in India (from 2018 to March 2023). This growth surpasses both coworking and hybrid space providers, highlighting the rising preference for managed solutions.

Smartworks: Leading the Managed Office Charge

Pure-play managed office providers like Smartworks are at the forefront of this revolution. Smartworks has transformed itself from a modest 10,000 sq. ft. coworking space into a full-fledged managed office provider managing a staggering 8 million sq. ft. portfolio.

This remarkable growth story translates to impressive financial success, with Smartworks experiencing a phenomenal double-digit year-on-year revenue increase.

The Secret Sauce Behind Smartworks Success

The masterminds behind Smartworks' success are the young and visionary duo of Neetish Sarda and Harsh Binani. They haven't just redefined workspaces; they've reimagined the entire office experience in India.

Here's what sets Smartworks apart:

• Client Focus: Over 500 clients, including prestigious names like Forbes 2000 and Fortune 500 companies, Indian and global enterprises, unicorns, and soonicorns, trust Smartworks to deliver.

• Modern Workspaces: They offer a perfect blend of productivity and work-life balance. Think state-of-the-art infrastructure, smart stores, recreational areas, food and beverage services, gyms, laundry services, logistics, daycare, wellness facilities, and more – all under one roof.

A Look Ahead: The Future of Managed Office Spaces

With companies increasingly prioritizing flexibility and employee well-being, managed office solutions are poised for continued growth in India. Smartworks, with its innovative approach and focus on client needs, is well-positioned to be a leader in this exciting new landscape