Quest Coworks buys 57,000 sq ft office space from Capgemini Technology in Mumbai's Andheri for ₹55.8 cr
Quest Coworks bought 57,000+ sq ft office space in Andheri East for ₹55.84 crore, strengthening its presence in Mumbai’s growing flex workspace market.
"Quest Coworks bought 57,000+ sq ft office space in Andheri East for ₹55.84 crore, strengthening its presence in Mumbai’s growing flex workspace market."
Mumbai’s commercial real estate market continues to stay active, and the latest deal in Andheri East is a strong example of how the flexible workspace segment is evolving.
Quest Coworks Private Limited has acquired more than 57,500 sq ft of office space from Capgemini Technology Services India Limited in Akruti Softech Park, located in the MIDC Marol Industrial Area. The total deal value stands at ₹55.84 crore, which also includes stamp duty of ₹3.58 crore.
The transaction includes five office units, with individual sizes ranging between roughly 10,500 sq ft to 11,885 sq ft. Each unit was priced between ₹10.18 crore and ₹11.52 crore. Along with the office spaces, the deal also comes with 51 car parking spots, which is a significant advantage in a busy commercial hub like Andheri East.
This deal was officially registered on March 16, 2026.
What makes this acquisition interesting is the strategy behind it. Quest Coworks is not just expanding its footprint but also shifting its approach. Instead of only leasing office spaces, the company is now moving towards owning premium commercial assets. This gives them better control over operations, pricing, and long-term growth.
The newly acquired space will be used to expand their offerings in two key segments. First, managed flexible workspace solutions like coworking desks, meeting rooms, and shared office setups. Second, dedicated office spaces designed for large enterprises that need customized, ready-to-move-in work environments.
Andheri East has always been one of Mumbai’s most in-demand business locations. With strong connectivity, proximity to the airport, and a dense presence of IT and corporate offices, the demand for high-quality office spaces here remains steady. This makes the location a strategic choice for companies like Quest Coworks that are targeting both startups and large enterprises.
According to Prasad Shinde, Founder of Quest Coworks, this acquisition is an important step in strengthening their position in the Mumbai market. The company already operates in the Andheri micro-market, and this move allows them to scale up their presence significantly.
On the other side of the deal, Capgemini has been actively selling its non-core real estate assets. In 2025, the company sold properties worth over ₹500 crore, including a major knowledge park in Airoli for ₹550 crore. This latest sale seems to be part of that broader strategy.
Overall, this transaction reflects a larger trend in India’s commercial real estate sector. Flexible workspace providers are no longer just tenants—they are becoming asset owners. This shift indicates confidence in long-term demand and a more mature, stable outlook for the coworking industry.
Deals like this show that premium office spaces in key micro-markets like Andheri East will continue to attract strong interest from both operators and investors.