Pune real estate: IndiQube signs ₹54 crore workspace deal for 1,140 seats with GCC client

IndiQube said it has leased 1,140 seats at its property in Pune’s Yerwada to a GCC client for ₹54 crore over a five-year term

Updated on: Mar 21, 2026, 08:57:18 IST

By Mehul R Thakkar

Prefer HTon Google

Share via

Copy link

IndiQube Spaces Limited, a co-working space operator, signed a workspace leasing agreement with a leading Global Capability Centre (GCC) client in Pune for 1,140 seats, valued at ₹54 crore. According to a statement issued on March 20, the client leased the seats at the company’s IndiQube Orchid property in Yerwada for a five-year term.

IndiQube Spaces Limited, a co-working space operator, signed a workspace leasing agreement with a leading GCC client in Pune for 1,140 seats, valued at ₹54 crore. (Picture for representational purposes only) (Pexels)

The company did not identify the client.

According to the company's statement, the GCC client leased the space for 5 years. The company said that 40% of its portfolio is in leasing to GCCs.

Also Read: Enzyme Office Spaces leases 3.4 lakh sq ft office space in Bengaluru for ₹2.5 crore monthly rent

“Over the last few years, we have seen GCCs evolve into strategic hubs that drive innovation and deliver global outcomes. Today, nearly 40% of our client portfolio comprises GCCs. What is becoming increasingly evident is their growing preference for partners like IndiQube, to whom they can fully outsource their workspace requirements," said Rishi Das, co-founder, IndiQube.

Also Read: MMR, Bengaluru, Pune lead with 126 land deals across India in 2025; residential projects take the largest pie

According to Meghna Agarwal, co-founder, IndiQube, “What stood out in this engagement was how the space has been designed very closely around the client’s global operating needs. A space that brings together labs, server rooms, collaborative hubs, focused bays, phone booths and training zones within a single integrated workplace. Our strong recall within the GCC ecosystem comes from consistently delivering such tailored environments PAN India.”

Also Read: IKEA India opens its first store at Phoenix Marketcity Mall in Pune, spanning over 32,000 sq ft

IndiQube is a co-working space platform, offering managed office solutions tailored to startups, Global Capability Centres (GCCs), and large enterprises. The company was listed on the stock exchange last year, has a presence in 17 cities and manages over 9.55 million sq ft.

ABOUT THE AUTHOR
Mehul R Thakkar
Mehul R Thakkar is a Mumbai-based journalist who closely tracks the city’s ever-evolving real estate landscape. He believes that Mumbai presents a unique reality that, while Mumbaikars deeply aspire to own a home in the city of dreams, many spend little actual time living in it due to long commutes and demanding work lives. With over 11 years of experience in journalism, I have reported across a wide spectrum of beats, including real estate, housing, infrastructure, aviation, and education. I have also extensively covered the workings of India’s wealthiest civic body, the Brihanmumbai Municipal Corporation (BMC), providing insight into the policy, governance, and urban planning decisions that directly influence Mumbai’s growth. Before joining Hindustan Times, I worked in fast-paced digital and print newsrooms, including Moneycontrol.com and Deccan Chronicle, as well as national dailies such as The Asian Age and DNA. Outside the newsroom, I am an avid weather tracker, a fan of spy thrillers in both books and films, and a keen follower of international affairs.Read More

Real Estate News

Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.