IndiQube to enter 15 Tier-II cities in the next two years

01 Mar 2022

Flexible workspace provider IndiQube aims to enter 15 Tier-II cities in the next two years as firms look to diversify their work beyond the metros.

Bengaluru-based IndiQube, which is presently in the highest seven cities, has signed up to 1,00,000 sq ft office house on Avinashi Road, Coimbatore. The centre will render around 2000 seats and plans to appeal to each enterprise and startup, the place necessities beginning from a 10-seater to a 1,000-seater office house might be met.

They have been shocked by the major necessities for managed office houses in Coimbatore, from software programs and healthcare corporations, and even fintech corporations. Most of them prefer a second supply centre in Coimbatore. In south India, they imagine Coimbatore will lead the pack for versatile office houses, past Bengaluru, Chennai and Hyderabad. Approximately 70% of the seats have already been signed up in the brand new centre, according to Rishi Das, co-founder, IndiQube.

By June, IndiQube plans to open centres in Lucknow and Jaipur, and subsequently in Chandigarh, Indore and Bhubaneshwar. More cities might be added in the coming months.

They thought that the following part of their progress would emerge from Tier-II cities. Over the subsequent two years, they aim to have around 15 Tier II cities in their portfolio to meet the increasing demands from their clients. The creation of hybrid working forms a chance for workers to stay, research and work in the identical metropolis.

While the metros stay the core hubs for startups, non-metros are witnessing progress in startup leasing in addition to flex house take up due to low value of dwelling, diminished capital expenditure (capex) and the ‘work from anywhere’ pattern. Emerging hubs comparable to Jaipur, Ahmedabad, Indore, Coimbatore are doubtless to see a rise in flex house and startup occupancy as entrepreneurs are more and more leveraging these places to commission operations, as per the latest report by property advisory Colliers and CRE Matrix.

Meghna Agarwal, co-founder, IndiQube, told the media that the pandemic has resulted in a redistribution of the workforce into tier-II cities and with the supply of expertise, many corporations have now been asking them to help enhance their office footprint into Tier-II cities.

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Also read: IndiQube takes up 30k sq ft workspace in Chennai's Guindy

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