Incuspaze, India's leading flexible workspace provider, today announced a major expansion in North India through a strategic partnership with Bhutani Infra, India’s leading real estate company renowned for its role in urban township development and city evolution. The company has taken a lease of 4 lakh square feet of office space in the Alphathum building, located in Sector 90, Noida Expressway. The transaction has been expertly facilitated by Colliers India.
This expansion significantly boosts Incuspaze's dominant presence in North India and reaffirms its commitment to meeting the rising demand for flexible workspace solutions. It follows its recent lease of 5.8 lakh square feet in Gurugram, including significant locations on Golf Course Extension Road and Udyog Vihar, solidifying its footprint in the NCR and catering to the increasing demand for office spaces.
Alphathum provides outstanding connectivity, accessibility and contemporary amenities, such as conference rooms, meeting rooms, breakout and networking areas, dedicated parking, a spacious cafeteria, and more. These features make it an ideal location for corporations seeking flexible and convenient office spaces.
Flex spaces saw healthy leasing of 2.6 million square feet across the top 6 cities IN Q2 2024 (Arpil - June), highest in any quarter. Bengaluru and Delhi-NCR accounted for 65% of the flex space leasing activity, indicating rising demand for such spaces in these markets. Flex operators have already leased about 4.4 million square feet of office space in H1 2024, underscoring the occupiers’ continued preference for flex spaces.
Sanjay Chatrath, Managing Partner, Incuspaze, said, “We are thrilled to announce our latest expansion with a substantial lease of 4 lakh square feet at Alphathum, Noida, in partnership with the Bhutani Group. Our recent expansions, including significant leases in Gurgaon, Bangalore, Mumbai, Pune, Jaipur and Lucknow, highlight our dedication to meeting the rising demand for flexible workspaces across the nation. At Incuspaze, we are focused on revolutionizing the workspace experience, offering tailored solutions that cater to the unique requirements of MNCs and GCCs. This expansion is a testament to our ongoing mission to create inspiring and efficient work environments that drive business success.”
Ashish Bhutani, Chief Executive Officer of Bhutani Group, stated: “It is our constant endeavour to offer state-of-the-art office spaces to meet the evolving demands of modern businesses. We welcome Incuspaze at Alphathum, and with its prime location and advanced facilities, we are confident that it will greatly support Incuspaze in delivering exceptional service to its clients and driving their growth in the region.”
Arpit Mehrotra, Managing Director, Office Services of Colliers India, said, “We are pleased to be part of Incuspaze's growth story as it expands its footprint across the North India market. The modern-day workplace is rapidly evolving and there is ascending demand for flex spaces, given the many benefits to employers and employees. Alphathum by Bhutani Group is a state-of-the-art establishment that is equipped to facilitate Incuspaze's business needs, and I am proud of the Colliers team for successfully identifying and transacting this apt Grade A asset. We played a crucial role in bringing together two industry leaders to create an environment that supports the evolving needs of the market. Our best wishes go out to the team at Incuspaze and we look forward to strengthening this association over future transactions.”
Incuspaze, founded in 2016, has quickly established itself as India's premier workspace provider, now boasting 44 locations across 18 cities and a total portfolio of 3.5 million square feet. The company was founded by UK-based entrepreneur and investor Sanjay Choudhary, with the vision of providing world-class facilities across India where businesses can thrive. Their mission is to revolutionise workspace experiences by making them flexible, efficient, and inspiring. At Incuspaze, they champion the 'space-as-a-service' concept, integrating technology and real estate to offer innovative workspace solutions tailored to cater ITs, ITes, Business giants, enterprises, MSMEs, and startups.
Their extensive real estate portfolio in 18 major Indian cities follows a hub and spoke model, enabling businesses to set up satellite offices based on their employees’ locations for maximum flexibility and convenience. This nationwide presence ensures seamless business operations wherever clients are located. Understanding that one size does not fit all, Incuspaze offers fully customised solutions, including a choice of assets, designs, builds, workspace branding, conference rooms, executive offices, security, and tailored IT solutions. These options are designed to match clients' work styles and business needs, ensuring their workspace truly reflects their brand and operational requirements.
