Shares of Smartworks Coworking Spaces Ltd ended 2% higher on 10th November. This increase followed the company’s announcement to redefine India’s flexible workspace market with its upcoming 8.1 lakh sq ft Eastbridge campus in Vikhroli. This campus is set to become the world’s largest managed office campus.

The new Eastbridge campus in Vikhroli is expected to be operational by mid- to late 2026. It will accommodate over 10,000 professionals. This marks Smartworks’ move towards large, self-contained office campuses for enterprise and GCC clients.

Founder and CEO Neetish Sarda said the project will double Smartworks’ Mumbai footprint to over 2 million sq ft. This will strengthen its presence in one of India’s most competitive commercial markets. He added that the company’s strategy of converting large standalone buildings into full-service campuses helps it scale quickly and control costs.

The new property is expected to command premium pricing due to its prime location and Grade-A standards. Smartworks typically breaks even at 60–65% occupancy within 8–10 months, with mature centres running above 90% occupancy.

At 3:30 PM, shares of Smartworks Coworking Spaces ended 2.32% higher at Rs 592 on NSE.

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