Incuspaze Leases 3 Lakh Sq Ft Office Space in Jaipur

Jaipur, July 29, 2025: Incuspaze, a leading flexible office space provider, has acquired 3 lakh sq ft spanning three distinct properties—The Edge on Tonk Road; Sitapura Campus in Sitapur and GT Landmark in Malviya Nagar, Jaipur. This move aligns with Incuspaze’s expansion strategy to deepen its presence in Tier 2 cities.

“Jaipur is fast emerging as a strategic choice for enterprises, GCCs and innovation-driven businesses. Our expansion here is a calibrated response to the evolving demand in Tier 2 cities, where talent depth, infrastructure upgrades and affordability intersect to create high-value office ecosystems,” said Sanjay Chatrath, Co-Founder and Managing partner, Incuspaze.

“With India witnessing a surge in Global Capability Centre (GCC) activity beyond metros, cities like Jaipur are becoming vital to the next phase of enterprise decentralisation and digital transformation. Jaipur’s leading commercial corridors are fast becoming preferred destinations for businesses seeking office spaces backed by strong connectivity and infrastructure.”

He added, “As part of our 2024 expansion strategy, we marked our entry into key metros, Bengaluru, Chennai, Mumbai and Pune, and expanding in Delhi-NCR and Lucknow, adding nearly 2 million sq ft (MSF) to our portfolio. This strategic move reinforces our commitment to building a pan-India presence that reflects the future of work: flexible, inclusive and enterprise-ready.”

Incuspaze office spaces are thoughtfully designed with modern amenities, including recreational zones, meeting rooms, cafeteria, lounges and biophilic interior elements. Strategically located near Jaipur International Airport and well-connected to residential neighbourhoods, hotels, retail hubs and institutional centres, they offer seamless accessibility and ample parking.

This makes them ideal for organisations with regional as well as national footprints. With Jaipur’s growing stature as a Tier 2 innovation hub and its robust multi-modal connectivity, these locations are increasingly drawing interest from large enterprises and MNCs seeking agile, high-quality workspace solutions.

Average Grade A office rental rates across these areas reflect steady demand amid relatively limited quality supply, underscoring the strong growth potential.

Overall national leasing momentum is strong: India witnessed a record 48.9 MSF of office leasing in H1 2025 driven by GCCs and flexible workspace models. Tier 2 markets, including Jaipur, registered significant traction: flexible space operators leased 1.6 MSF in 2023 across 10 Tier 2 cities, Jaipur being a key focus. In Q1 2025, Jaipur alone saw 74 per cent YoY growth in leasing, increasingly attracting GCCs and multinational enterprises.

With a presence pan-India in 18-plus cities and over 4 MSF portfolio, the company aims to add another 2 MSF by December 2025. In FY25, 1.7 MSF has been added across Delhi-NCR, Bengaluru and Pune.

It recently acquired TRIOS Co-working, which has a dominant regional presence in Pune. It added 1.5 lakh sq ft through 12 centres in Pune and Gurugram. It also acquired VSKOUT, enhancing its tech capabilities and deepening focus on the GCC segment.

On the back of rapid growth and strategic moves, the company expects to close FY26 with INR 350–INR 400 crore in revenues, paving the way for an IPO.