• Portfolio milestone & expansion: Smartworks has crossed 10 million square feet of operational footprint and plans to add 30 lakh square feet annually to meet heavy corporate demand.
• GCC growth opportunity: GCCs currently account for 15% of the company's portfolio, with 15 to 20 crore square feet of new GCC demand projected in India over the next three years, roughly half of which is expected to move to flex space.
• Occupancy and contracts: Mature portfolio occupancy stands at 93%, with 90% of revenue generated from large enterprises and 35% coming from 1,000+ seat clients signing 4-to-5-year leases.
• Pricing and margins: Management does not plan to raise prices, aiming instead to leverage large-scale campuses, low operating costs, and reduced administrative overhead to expand margins with scale.