IndiQube Signs ₹52 Crore Managed Office Deal with Japanese E-commerce Firm
IndiQube Spaces Limited, a managed workspace provider, has signed a ₹52 crore managed office deal with a leading Japanese e-commerce company for approximately 35,000 sq ft in Bengaluru's Outer Ring Road.
The five-year mandate will support the client's India operations with a fully managed, enterprise-grade workspace, as stated in a company press release on April 15.
Key Highlights of the Deal
- Deal Value: ₹52 crore
- Space Size: Approximately 35,000 sq ft
- Location: Bengaluru's Outer Ring Road
- Mandate Period: Five years
India's Flex Office Market Expands
India's flex office market has crossed 100 million sq ft, with enterprises increasingly adopting managed workspaces as a strategic lever for faster expansion, operational flexibility, and talent access.
Outer Ring Road Remains a Preferred Office Corridor
Outer Ring Road remains one of the most preferred office corridors for global companies building operations in India, given its concentration of technology campuses, corporate ecosystems, and access to skilled talent.
Co-founders' Comments
Rishi Das, co-founder and CEO, noted that the transaction reflects how global e-commerce firms are rethinking workplace strategies in India.
"Global capability centres (GCCs) increasingly view office spaces as strategic enablers of collaboration, culture, and execution rather than just physical infrastructure."
Meghna Agarwal, co-founder, said that global enterprises are seeking workplaces that are operationally seamless, highly customized, and aligned with brand identity.
"Our focus has been on building a platform that combines customization, operational excellence, hospitality, and technology to exactly serve these requirements."
Earlier Transactions
IndiQube had signed a workspace leasing agreement with a leading Global Capability Centre (GCC) client in Pune for 1,140 seats, valued at ₹54 crore.
Indian Flex Office Market Growth
According to a report by CBRE India, flexible office space in India has crossed the 100 million sq ft mark, with total inventory tripling between 2020 and 2025 to reach 110–114 million sq ft.
Bengaluru leads as the largest flexible workspace market with 30–32 million sq ft of stock, followed by Delhi-NCR at 21–23 million sq ft.