Flexible workspace provider Incuspaze has leased 3 lakh square feet of Grade A office space across three prime Jaipur locations, marking its debut in Rajasthan. The move aligns with its strategy to expand into Tier II cities, targeting cost-conscious enterprises, startups, and GCCs while building toward a projected ₹350–400 crore revenue in FY26 and setting the stage for a future IPO.
Incuspaze has signed leases across The Edge on Tonk Road, Sitapura Campus, and GT Landmark in Malviya Nagar. This landmark leasing of nearly 3 lakh sq ft makes Jaipur its first major footprint in the state’s workspace ecosystem.
A Strategic Tier II Expansion
“Jaipur is emerging as a strategic destination for GCCs, startups, and corporates looking for cost‑efficient workspace outside metro hubs,” says Sanjay Chatrath, Co‑founder & Managing Partner at Incuspaze. The company sees deepening demand in Tier-II cities, combining affordability, infrastructure growth, and local talent pools.
Workspaces Designed for Experience
The new centres feature professionally curated lounges, meeting pods, recreational zones, and biophilic interiors. Located near Jaipur International Airport and well connected to key residential and business districts, each site is built to offer workspace convenience without compromise.
National Growth & IPO Ambitions
In FY25, Incuspaze added 1.7 million sq ft across Bengaluru, Mumbai, Chennai, Pune, Delhi NCR, Lucknow, and Jaipur, taking the portfolio across 18 cities beyond 4 million sq ft. With plans to add 2 million more sq ft by December 2025 and with recent acquisitions such as TRIOS Co-working and VSKOUT, the company is projecting ₹350–400 crore revenue in FY26 to support its IPO readiness.
The Flexinsights Take
- Incuspaze’s Jaipur entry represents its growing shift toward Tier-II markets with potential for high take-up.
- Anchoring hubs at premium locations signals intent to capitalise on rising enterprise and GCC demand.
- With aggressive scale-up across metros and emerging cities and clear financial targets, Incuspaze is solidifying its positioning ahead of a public listing.
