India, June 22 -- Flexible workspace operator Smartworks Coworking Spaces Ltd renewed the lease for around 2.3 lakh sq ft of office space in Hyderabad's Madhapur locality for a total rent of Rs.121 crore, according to property registration documents accessed by Propstack.

According to the property registration documents, the company renewed the lease for 2.30 lakh sq ft of office space across the eighth, ninth and tenth floors of Aurobindo Galaxy, a commercial development in Madhapur, Hyderabad.

The property has been leased from Raidurgam Developers Ltd by a lease agreement that signed in March 2026.

Documents show that Smartworks will pay a starting monthly rent of approximately Rs.1.75 crore for the office space, translating into a r...