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 IndiQube strengthens its market dominance with optimisation of existing real estate – RealtyMyths

IndiQube, one of the leading co-working and managed workspace providers in India has strengthened its presence in the market by identifying existing, abandoned or underutilised commercial real estate spaces and converting them into beautiful flexible workspaces by revamping their interiors and facade. Given the prime locations of these workspaces, IndiQube has successfully increased its occupancy rates with growing demand from aspiring startups and mid-sized companies.

This is the third such step taken by the new age flexi-workspace start-up IndiQube, and the first of its kind move by any co-working company in optimising existing space to ensure availability of good quality yet reasonably priced commercial spaces to companies. Currently, these workspaces are available in Bengaluru across Koramangala, Indiranagar, Richmond Road, Jayanagar and Cambridge layout. The Company has also announced occupancy of its prime spaces by clients such as Samsung, Bira, Big FM, Allegis, Enphase in the last quarter of 2018.

Beginning to get recognition for its industry-first innovations in affordable flexi workspaces, IndiQube has also pioneered the utilisation of empty commercial spaces in malls and hotels to not only optimise on readily available infrastructure but also to provide its tenants with the right facilities within city limits that could be easily accessible and customised as per their choice. Currently, IndiQube has a 2000-seater commune inside The Leela Palace Hotel, Bengaluru and a 500 seater workspace in The Marriot Courtyard, Bengaluru. Companies like Cleo, SAIF Partners, RedBus, Scripbox, Enphase, HNI Auto tech etc. are working out of these centres.

Commenting on the expansion, Mr Rishi Das, Co-Founder & Chairman, IndiQube said, “We live in cities that are struggling for space as work-related migration is on an all-time high and people come in here for better career opportunities. It’s evident from the urbanisation we see today and the infamous traffic that people dread travelling in to reach their offices in tech parks that are farther away from the city centre. It made perfect business sense for us to explore occupying readily available spaces that needed nothing more than upliftment to optimise on existing infrastructure than creating new ones that eat into resources like time and money. We are really encouraged by the demand we have been receiving for these easily accessible, no hassle workspaces from not just startups but also IT & ITes players and other corporates.”

IndiQube offers the concept of design-your-workspace with amenities and employee benefits such as transport, fully managed food court, events and community activities. The quality of services, large network and ease of operations, backed by robust technology makes IndiQube the preferred destination for businesses and professionals to thrive.

Ms Meghna Agarwal, Co-Founder & Chief Operating Officer, IndiQube commented, “As a company, we have been consistent with the quality of our offerings, irrespective of models we keep exploring, and this has helped us increase our occupancy rates faster than industry standards. We hope to be able to keep up with this demand by finding newer places that can be transformed to cater to employers of size and customised as per their requirements. The IndiQube proposition with its dual emphasis on flexibility and quirkiness has been extremely well received in other markets as well. Today, our workspaces not only appeal to the new age workforce but also address the business requirements of companies across segments more effectively”.

The company continues to focus on elevating the customer experience for its 350+ clients to establish itself as a partner in their growth by offering business scalability and agility. In just two years into its existence, IndiQube’s differentiated market offering in the commercial workspace segment has helped the company attract a number of off-shore development centres (ODC’s) into its growing ecosystem, thus becoming one of the top choices for companies who are looking out to expand in India.

Since its inception in 2015, IndiQube has been home to top emerging start-ups, brands and ODC’s including companies like LEVIS, Red Bus, Bluestone, Scripbox, Fresh Menu, Bira91, Grant Thornton, No Broker, Rubrik, Thoughtspot, Fungible, Lendingkart, Cleo, Eximius and others. The company continues to be on an aggressive growth path and is confident of achieving similar scale in newer markets of Chennai, Hyderabad, Mumbai and Pune.

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