Smartworks takes 4.8 lakh sq ft in Gurugram for annual rent of Rs 94 crore

Co-working player Smartworks has leased 480,000 sq ft in a DLF property in Gurgaon at an annual rent of Rs 94.68 crore for six years.

The space is located in DLF Commercial Building Block -3 in DLF City-Phase 5, Gurgaon, according to data accessed by Propstack.

The monthly rent amounts to Rs 7.89 crore or Rs 165 per square feet per month, it said, adding that the deposit amount is Rs 47.35 crore.