IndiQube signs ₹52 crore workspace deal with a leading consulting & management services company in Bengaluru

IndiQube Spaces Limited, a leading tech enabled workspace solutions platform, announced that it had signed a ₹52 crore workspace deal with a leading consulting and management services company for a five-year tenure in Yelahanka, North Bengaluru. The transaction covers over 700 seats and marks another significant enterprise mandate for IndiQube in one of Bengaluru's fast emerging commercial corridors.

The deal reflects a larger trend underway in India's office market. Consulting, professional services, and knowledge led enterprises are increasingly looking for workspaces that can support faster team deployment, business continuity, operational flexibility, and a stronger employee experience.

Within this context, North Bengaluru is emerging as an increasingly important office destination. As infrastructure improves and commercial activity expands beyond the traditional core corridors, occupiers are evaluating locations such as North Bengaluru for access to residential catchments, talent pools, and lower congestion relative to more mature micro markets.

Rishi Das, Co-founder & CEO, says "This mandate reflects how workplace decision making is evolving among large enterprises in consulting and adjacent knowledge sectors. Companies are looking beyond conventional office delivery models and are prioritising speed, reliability, employee experience, and the ability to scale with lower operational friction. This transaction had also reinforced our view that managed workspaces are becoming a strategic outsourcing solution for enterprises for their holistic workspace requirements."

Meghna Agarwal, Co-founder, added, "What stood out in this deal was how clearly the client's workplace requirements were centred around both experience and performance. The space had been designed with wellness rooms, collaborative zones, phone booths, focus rooms, and strong IT and server infrastructure, creating an environment that could support different workstyles while ensuring operational reliability. This transaction had demonstrated the value of a full stack workspace platform that could bring together design, operations, hospitality, and technology capable of supporting long term business needs."

Shares of Indiqube Spaces Limited was last trading in BSE at Rs. 159.10 as compared to the previous close of Rs. 159.30. The total number of shares traded during the day was 2683 in over 123 trades.

The stock hit an intraday high of Rs. 163.00 and intraday low of 155.15. The net turnover during the day was Rs. 427842.00.

Source : Equity Bulls

Keywords

INE06ST01018 IndiqubeSpaces CommercialServices WorkspaceDeal NorthBengaluru