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Incuspaze Leases 2,50,000 sq ft Standalone Campus in Chennai

Incuspaze Leases 2,50,000 sq ft Standalone Campus in Chennai

BY Realty+
Published - Wednesday, 23 Apr, 2025
Incuspaze Leases 2,50,000 sq ft Standalone Campus in Chennai

Incuspaze, a flexible workspace provider, has leased 2,50,000 sq ft at Olympia Crest, Chennai. Olympia Crest is located in the heart of Chennai’s vibrant IT corridor at OMR Zone 1, offering excellent connectivity, infrastructure, and access to a talented workforce.

The office space can accommodate more than 4000 seats and is tailored to meet the evolving needs of IT/ITES businesses seeking scalability, connectivity, and a highly efficient work environment. The workspace is spacious, with interiors designed to enhance productivity and facilitate collaboration. The campus combines advanced security, elegant yet functional design, and biophilic elements to create a secure, sustainable, and collaborative environment that fosters innovation and professional excellence.

Sanjay Choudhary, Founder & CEO of Incuspaze, said, "Olympia Crest is a landmark addition to our growing portfolio. This location represents our commitment to offering intelligently designed workspaces that align with the dynamic demands of modern businesses. With its strategic location and premium amenities, this centre sets a new benchmark for flexible office solutions in Chennai."

There is a comprehensive range of amenities, including training rooms, conference rooms, meeting spaces, a breakout zone, and networking areas. Additionally, the workspace boasts ample parking, a spacious cafeteria, a lounge, and much more, making it one of the most preferred workspaces in OMR Zone 1.

Strategically located just 1 KM from Indira Nagar Bus Stop and Metro Station and 13 KM from the airport, the centre offers excellent connectivity to key IT parks, hospitality, and commercial hubs. Surrounded by landmarks like the World Trade Centre, DLF Downtown, and Global Infocity and supported by ongoing infrastructure upgrades and government initiatives, it’s an ideal destination for enterprises expanding in Chennai’s thriving business landscape.

Office leasing across the top seven markets, including Chennai, remained strong in Q1 2025 at 15.9 million sq ft, reflecting a 15% year-on-year (YoY) increase. Chennai witnessed a remarkable 93% YoY surge at 2.9 sq ft, driven by space take-up by technology firms. Global Capability Centers (GCCs) also viewed Chennai as an attractive location for space take-up led by cost-effective rentals and quality Grade A stock. Chennai’s commercial real estate momentum is further validated by recent large-scale leasing transactions; Walmart has leased 4.6 lakh sq ft for a monthly rent of Rs 3.26 crore, while IT services giant LTI Mindtree has taken up 5.85 lakh sq ft of office space. These significant deals underscore the city’s rising stature as a strategic destination for global and domestic enterprises.

This year, Incuspaze has added 2.01 million sq ft of office space in Noida, Mumbai, Jaipur, Pune, Chennai, Ahmedabad, Bengaluru, and Gurugram. This expansion significantly boosts Incuspaze's dominant presence in all of India and reaffirms its commitment to meeting the rising demand for flexible workspace solutions.

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