Pune’s managed office market has recorded another significant expansion, with workspace operator Smartworks leasing 166,000 sq ft to global information and software solutions provider Wolters Kluwer in Kalyani Nagar. The deal strengthens the city’s appeal for multinational occupiers seeking flexible, technology-enabled offices, particularly in established micro-markets that continue to attract investment from enterprise clients.
The new workspace, housed within the Marisoft campus, forms part of Smartworks’ campus-led office model that combines flexible seating, shared amenities and digital workplace infrastructure. Industry experts noted that the location’s connectivity and established commercial ecosystem have made it one of Pune’s preferred clusters for global capability centres and knowledge-driven firms. They added that large-format leases of this scale reflect the city’s sustained demand for premium Grade A space.
A senior executive from the company said that Smartworks has seen a sharp shift in its revenue composition over the past three years. The share of income generated from workspace cohorts exceeding 1,000 seats has risen from around 12 per cent to 35 per cent, driven largely by enterprise occupiers consolidating operations into single, experience-led campuses. Executives added that organisations now seek environments that integrate technology, collaboration zones and employee well-being features an approach increasingly tied to sustainability goals, energy efficiency and more inclusive workplace design.
Smartworks reported revenue of ₹424 crore in the second quarter of FY26, marking a year-on-year increase of 21 per cent and a sequential rise of 12 per cent. According to company officials, its recent financial performance has been supported by stable occupancy levels across major urban centres and continued expansion by multinational clients. The firm has also reduced its gross debt by nearly 45 per cent since its public listing, which analysts say provides greater headroom for future growth, including in emerging green-building compliant office portfolios.Across India, the operator currently manages a portfolio of 12.7 million sq ft spanning 14 cities. Its clients include global capability centres, Forbes 2000 companies and Indian enterprises that are either scaling operations or transitioning to managed workspace formats. Urban planners noted that the growth of such models aligns with corporate sustainability strategies by reducing the need for individual companies to build and maintain their own resource-intensive office facilities.
For Pune, the lease signals continued confidence in its position as a hub for knowledge-sector employment. With companies increasingly prioritising flexible, collaborative and low-carbon workspace environments, city officials say that well-managed commercial infrastructure can support economic expansion while complementing broader sustainability goals. As demand rises, ensuring inclusive access, efficient transit links and resilient building practices will remain key to creating a more equitable and future-ready urban workplace ecosystem.
Pune Smartworks Leases 166,000 Sq Ft To Wolters Kluwer For Major Expansion
