The company already has signed up over 1 Lac Sq.Ft. in Coimbatore and has been bullish on demand from Tier II Cities

Bengaluru : IndiQube, India’s leading tech-enabled flex space start-up announced that it has expanded into Madurai, Kochi & Jaipur, further strengthening its foothold in Tier II Markets. Early this year, the company has signed up over 1 Lac Sq.Ft. of office space in Coimbatore, which was its first foray into Tier II cities.

Commenting on the development, Rishi Das, Cofounder, IndiQube says “We had a very good response in Coimbatore and have attained over 80% occupancy in quick time. We realised that there is a significant demand in Tier II markets for a good quality workspace product like ours and have since expanded our footprint into Madurai, Kochi & Jaipur. We plan to have 15+ tier II cities in our portfolio by next year”.

“By 2030, India, poised to be the third largest economy, will create many more growth engines. This will bring a lot of Tier II cities into the mainstream. With favourable policies, burgeoning infrastructure and enhanced quality of life, Tier II cities present a significant opportunity that is yet to be tapped on a large scale” adds Rishi.

These IndiQube centres in tier II cities have a seating capacity ranging between 1000-2000 seats each, taking the overall tier-II capacity of IndiQube to over 7,000 Seats.

“The advent of hybrid working has created a never-before opportunity for employees to live, study and work in the same city. Work Near Home is gaining increased popularity, and Tier II cities are bound to cater to this redistributed workforce in the new normal”, says Meghna Agarwal, Cofounder IndiQube.