IndiQube Spaces Signs ₹52 Crore Workspace Deal with Japanese E-Commerce Firm in Bengaluru
IndiQube Spaces inks 5-year workspace deal with Japanese e-commerce firm
Business Standard
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IndiQube Spaces has secured a ₹52 crore (approximately $6.3 million USD) workspace agreement with a prominent Japanese e-commerce company for 35,000 square feet in Bengaluru's Outer Ring Road. This five-year deal highlights the growing trend of managed workspaces in India's expanding flex office market, which has surpassed 100 million square feet.
- 01IndiQube signed a ₹52 crore workspace deal with a Japanese e-commerce firm.
- 02The deal covers 35,000 square feet in Bengaluru's Outer Ring Road.
- 03India's flex office market has exceeded 100 million square feet.
- 04Bengaluru is a key hub for technology and office space demand.
- 05IndiQube manages over 9.55 million square feet across 17 cities.
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IndiQube Spaces has announced a significant workspace agreement worth ₹52 crore (approximately $6.3 million USD) with a leading Japanese e-commerce giant for 35,000 square feet in Bengaluru's Outer Ring Road. This five-year deal is part of a broader trend in India's flex office market, which has now surpassed 100 million square feet, as companies increasingly adopt managed workspaces for operational flexibility and expansion. Bengaluru remains a central player in this growth, bolstered by its technology talent and robust business infrastructure. The Outer Ring Road is particularly favored by global firms due to its concentration of tech campuses and access to skilled professionals. For IndiQube, this transaction enhances its reputation as a preferred partner for Global Capability Centers (GCCs), which make up over 40% of its portfolio. As of December 2025, IndiQube has a presence in 17 cities with over 9.55 million square feet under management. Following the announcement, IndiQube's stock rose by 3.25%, closing at ₹155.50 on the Bombay Stock Exchange (BSE).
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This workspace deal will likely enhance job opportunities and operational capabilities in Bengaluru, benefiting local businesses and employees.
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