Strategic move reinforces presence in Tier 2 cities amid rising GCC and enterprise demand
Incuspaze, a leading provider of flexible and managed office spaces in India, has leased a total of 3 lakh sq. ft. across three strategic locations in Jaipur . The expansion is part of the company’s focused efforts to strengthen its presence in Tier 2 cities, in response to the growing demand from Global Capability Centres (GCCs), startups, and enterprises seeking cost-effective, high-quality workspace solutions outside of metros.
Key Properties Leased in Jaipur
The newly leased office spaces include:
- The Edge on Tonk Road
- Sitapura Campus in Sitapur
- GT Landmark in Malviya Nagar
Each property spans 100,000 sq. ft., offering Grade A office infrastructure, modern design, and proximity to key transport and business corridors like Jaipur International Airport and major residential, retail, and institutional zones.
“Jaipur is rapidly positioning itself as a key destination for innovation-driven enterprises and GCCs. Our expansion here reflects a strategic alignment with India’s evolving workspace needs—where infrastructure, affordability, and talent meet to create sustainable ecosystems. Cities like Jaipur represent the next wave of enterprise decentralization and digital transformation.”- Sanjay Chatrath, Co-founder & Managing Partner at Incuspaze
“Jaipur is rapidly positioning itself as a key destination for innovation-driven enterprises and GCCs. Our expansion here reflects a strategic alignment with India’s evolving workspace needs—where infrastructure, affordability, and talent meet to create sustainable ecosystems. Cities like Jaipur represent the next wave of enterprise decentralization and digital transformation.”- Sanjay Chatrath, Co-founder & Managing Partner at Incuspaze
Jaipur’s Growing Office Market: A GCC Magnet
Jaipur has emerged as a fast-growing Tier 2 innovation hub, drawing attention from multinational corporations and GCCs due to its:
- Strong multi-modal connectivity
- Upgraded infrastructure
- Deep local talent pool
- Affordable office rental rates with rising demand for Grade A supply
The city recorded 74% YoY growth in leasing activity in Q1 2025, highlighting its emergence as a preferred GCC destination.
Flexible Workspaces Driving Tier 2 Momentum
India’s overall office leasing hit a record 48.9 million sq. ft. in H1 2025, led by GCCs and flexible workspace providers. Tier 2 cities like Jaipur are becoming key drivers, with 1.6 million sq. ft. leased across ten cities in 2023 alone. Incuspaze’s expansion captures this demand surge with tailor-made office environments suited for enterprises with regional and national footprints.
Modern Workspaces, Enterprise-Ready Design
Incuspaze’s Jaipur centres are equipped with:
- Biophilic design elements
- Recreational zones
- Meeting and conference rooms
- Cafeterias and lounges
- Ample parking and 24/7 access
These features offer a premium experience to enterprises, startups, and GCCs, blending comfort, collaboration, and productivity.
Pan-India Growth and Future Roadmap
In FY25 alone, Incuspaze added 1.7 million sq. ft. across Delhi NCR, Bengaluru, and Pune, contributing to its 4 million sq. ft. portfolio across 50+ locations in 18+ cities.
Recent strategic acquisitions include:
Recent strategic acquisitions include:
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Added 1.5 lakh sq. ft. in Pune and Gurugram across 12 centres - VSKOUT: Strengthening tech capabilities and deepening focus on the GCC segment
The company plans to add another 2 million sq. ft. by December 2025, with a projected revenue of ₹350–400 crore by FY26, setting the stage for an IPO.
About Incuspaze
Founded in 2016, Incuspaze is India’s leading workspace-as-a-service provider, delivering end-to-end managed office solutions across Tier 1 and Tier 2 cities. The company offers:
- Managed Offices
- Custom Design & Build Solutions
- Co-working Spaces
- Asset Leasing Services
Incuspaze supports a diverse clientele of GCCs, MNCs, and large Indian enterprises, backed by seamless integration of technology and real estate services.
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