Jaipur,– Incuspaze, a leading flexible office space provider, in a strategic expansion in Jaipur acquired 3 lakh sq ft spanning in three distinct properties – The Edge on Tonk Road; Sitapura Campus in Sitapur and GT Landmark in Malviya Nagar. This move aligns with Incuspaze’s expansion strategy to deepen its presence in Tier 2 cities. Each of the three properties spans 100,000 sq. ft. respectively
Sanjay Chatrath, Co-founder & Managing Partner, Incuspaze, said, “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. 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.
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. 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.”
Our 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 million sq. ft. of office leasing in H1 2025, driven by Global Capability Centres (GCCs) and flexible workspace models. Tier 2 markets, including Jaipur, registered significant traction: flexible space operators leased 1.6 million sq ft in 2023 across ten 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+ cities and over 4 million sq. ft. portfolio the company aims to add another 2 million sq. ft. by December 2025. In FY25, 1.7 million sq. ft. has been added across Delhi NCR, Bengaluru, and Pune.
Recently acquired, TRIOS Co-working, which has dominant regional presence in Pune. Added 1.5 lakh sq. ft. through 12 centres in Pune and Gurugram. Also, acquired VSKOUT is 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 ₹350–400 crore in revenue, paving the way for an IPO.
