Smartworks leases 1.64 lakh sq ft office space in Pune; rental commitment at ₹87.5 crore
Smartworks Coworking Spaces Limited leased 1.64 lakh sq ft of office space at Infinity Thube Park in Pune from CBD Skylines LLP, with a total rental commitment of ₹87.5 crore over five years. The lease, effective from July 1, 2026, includes a starting rent of ₹1.47 crore per month and a 5% annual rent escalation from July 2027. This transaction reflects the growing demand for flexible office spaces in India's competitive market, which saw record absorption rates in Q2 2026.