INDIQUBENSEIndiqube Spaces LimitedHighPositive
Announced Mon, 30 Mar · 16:55 IST

Indiqube Spaces Limited has informed the Exchange regarding a press release dated March 30, 2026, titled "IndiQube Signs ₹ 75 Crore Workspace Deal with Leading Healthcare TechGCC in Bangalore".

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₹136.50
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AI summary

IndiQube Spaces Limited has signed a five-year workspace leasing deal worth around ₹75 crore with a leading healthcare technology Global Capability Centre (GCC) in Bangalore. The client has leased over 48,000 sq.ft. of premium Grade A office space along the Outer Ring Road corridor, one of Bengaluru's prime commercial micro-markets. The company highlighted that GCCs now make up close to 40% of its portfolio, reflecting growing demand for high-quality, scalable workspaces from global firms setting up operations in India. IndiQube currently manages over 9.55 million sq.ft. across 17 cities in India, positioning it as a key partner for enterprises and GCCs.

Likely market impact

This is a positive development for shareholders, showcasing IndiQube's ability to attract large, long-tenure clients in the high-growth GCC segment. Consistent deal wins of this scale support revenue visibility and reinforce the company's growth narrative, which could be viewed favorably by the market.