IndiQube Spaces Expands To 17 Cities As GCCs Drive Office Demand

IndiQube Spaces expects to maintain its margin outlook for the current and next financial years as demand from global capability centres remains strong, co-founder Rishi Das told NDTV Profit. GCCs account for about 49% of the flexible workspace provider’s total occupied area and are expected to absorb a large share of office space going forward. IndiQube, which operates across 17 Indian cities, including Indore, Mohali and Visakhapatnam, currently has occupancy levels of over 80%, while occupancy at steady-state centres exceeds 90%. Das added that all leases are capitalised across the industry.