Quest Coworks has acquired 57,500 sq ft office space in Andheri East, Mumbai, for ₹55.84 crore from Capgemini. The deal includes five units and 51 parking spaces. The move supports its expansion and strategy to own premium assets, targeting enterprise clients and flexible workspace growth in key business districts.
Quest Coworks Private Limited has acquired over 57,500 square feet of office space in Mumbai’s Andheri East, marking a significant step in its expansion strategy. The deal, valued at ₹55.84 crore, involves five office units located in Akruti Softech Park within the MIDC Marol Industrial Area—one of the city’s busiest commercial corridors.
The transaction, registered on March 16, 2026, includes units ranging from 10,500 sq ft to 11,885 sq ft, with individual deal values ranging from ₹10.18 crore to ₹11.52 crore. The purchase also includes 51 car parking spaces, enhancing the asset’s appeal for enterprise clients and large teams.
From Leasing to Ownership: A Strategic Shift
This acquisition marks a clear shift in Quest Coworks’ growth model—from primarily leasing spaces to owning commercial real estate. By securing ownership of premium office assets, the company aims to gain greater operational control and improve long-term value creation.
Founder Prasad Shinde highlighted the importance of this move, stating, “This acquisition is a significant milestone in our Mumbai growth story. We already operate an established coworking centre in Andheri, and this new asset will allow us to meaningfully expand our footprint in the micro-market.”
He further added that the newly acquired space will cater to both managed flexible workspace solutions and enterprise clients seeking dedicated offices in a high-demand location.
Tapping Demand in Andheri East’s Office Market
Andheri East continues to be one of Mumbai’s most sought-after office hubs, driven by its connectivity, proximity to the airport, and strong presence of corporate occupiers. Quest Coworks is betting on sustained demand in this micro-market, especially as companies increasingly adopt hybrid work models and flexible leasing strategies.
“Andheri East remains one of the most sought-after business districts in the city, and we believe this is the right time to deepen our presence here,” Shinde said. His comments reflect broader industry confidence in Mumbai’s Grade A office markets, where demand for flexible and managed workspaces remains robust.
Positioning for Enterprise and Flex Growth
The company plans to develop the newly acquired space to serve a mix of enterprise clients and flexible workspace users. This dual approach allows Quest Coworks to meet large corporate requirements while maintaining agility through its coworking offerings.
Shinde emphasised the long-term vision behind the deal, noting, “This acquisition reflects Quest Coworks’ broader strategy of owning and operating premium commercial assets, rather than purely leasing, giving us greater control over the quality and long-term value we deliver to our clients.”
Seller Activity Reflects Market Liquidity
The seller in the transaction, Capgemini Technology Services India Limited, has been active in monetising its real estate portfolio. In 2025, the company completed a major ₹550 crore sale of its Knowledge Park in Airoli, Thane, highlighting strong investor appetite for commercial assets in the Mumbai Metropolitan Region.
A Signal for the Coworking Industry
Quest Coworks’ acquisition underscores a growing trend among flexible workspace operators: moving toward asset ownership to strengthen margins and ensure consistent service quality. As competition intensifies and enterprise demand evolves, such strategies could become increasingly common.
With this move, Quest Coworks not only expands its footprint but also positions itself as a more integrated workspace provider, ready to meet the changing needs of modern businesses in India’s financial capital.
