India, July 18 -- Flexible workspace operator Smartworks Coworking Spaces Limited has leased 1.64 lakh sq ft of chargeable office space at Infinity Thube Park in Pune from CBD Skylines LLP, according to property registration data, according to documents reviewed by Propstack.

The lease, which commenced on July 1, 2026, spans multiple floors of the office building. Smartworks will pay a starting rent of Rs.1.47 crore per month, translating to Rs.90 per sq ft, the documents showed.

The agreement is for a five-year tenure, taking the total rental commitment to approximately Rs.87.5 crore. The lease also includes a security deposit of Rs.1.52 crore and provides for a 5% annual rent escalation from July 2027, the documents showed.

Last year...