Smartworks Share Price Rises 2.52% After Signing 815,000 sq. ft. Eastbridge Campus Deal in Mumbai

Gurugram, November 3: Smartworks share price closed in the green today, on November 3. At the end of today’s market session, the Smartworks shares closed higher by 2.52%, or 14.60 points, at ₹594.25. The shares of Smartworks made an intraday high of ₹610.10 and a low of ₹573.90. The traded volume stood at 1.97 lakh shares, with the company’s market cap at ₹6,623 crore. The Smartworks stock has its 52-week high at ₹617.90 and its 52-week low at ₹392.70.

Shares Rise After Signing 815,000 sq. ft. Eastbridge Campus Deal

The rise in the share price comes after the company announced that it has signed a 815,000 sq. ft. Eastbridge Campus Deal in Mumbai. The project will be developed in partnership with Regalia Office Parks Pvt. Ltd. (Hiranandani Group). The project spans 8,15,000 sq. ft. and features a WELL Certified Core with IGBC Gold pre-certification. It is located near LBS Marg, Vikhroli (W), JVLR, Metro, and Expressways, which offers strong connectivity. The project is scheduled for launch in Q4 CY2026. The campus will focus on sustainability with green energy, OWC (organic waste converter), EV charging, and rainwater harvesting. The project also holds IGBC Gold certification for Green Building and Health & Well-being standards.

Strategic Importance of the Project

The project is a new milestone for Smartworks Coworking Spaces Limited as it will help in increasing its share in the managed campus model. This follows the company’s previous expansion of 557,000 sq. ft. at Tata Realty’s Intellion Park in Navi Mumbai. The announcement boosted investor sentiments, which drove the share price higher today.

REF: https://nsearchives.nseindia.com/corporate/SMARTWORKS_03112025133003_Press_Release_Intimation_03112025.pdf

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