Quest Coworks Private Limited has strengthened its presence in Mumbai’s commercial real estate market by acquiring over 57,500 sq ft of office space in Andheri (East) for ₹55.84 crore. According to property registration documents accessed by CRE Matrix, the company purchased five office units from Capgemini Technology Services India Limited, marking a significant step in its expansion strategy.
Deal Details
The acquisition includes five office units at Akruti Softech Park, located in the MIDC Marol Industrial Area—one of Andheri East’s most active commercial corridors. The transaction was registered on March 16, 2026, with a stamp duty payment of ₹3.58 crore.
Each unit ranges between 10,500 sq ft and 11,885 sq ft. The individual deal values range from ₹10.18 crore to ₹11.52 crore.
In addition to the office units, the transaction also includes 51 car parking spaces. This enhances the overall value and usability of the asset for enterprise clients and flexible workspace operations.
Focus on Enterprise & Flex Demand
Prasad Shinde, Founder of Quest Coworks, emphasized that the acquisition aligns with the company’s long-term growth plans in Mumbai. He stated that the new asset will support both managed flexible workspace offerings and enterprise clients seeking large, dedicated office solutions in Andheri East.
Quest Coworks is increasingly focusing on owning premium commercial assets rather than relying solely on leased properties. This strategy allows the company to maintain better control over quality, operations, and long-term value creation.
Shinde noted that Andheri East continues to be one of Mumbai’s most sought-after business districts, making this an opportune time to deepen the company’s presence in the micro-market.
Capgemini Continues Strategic Real Estate Divestments
In a significant transaction in 2025, Capgemini Technology Limited sold Capgemini’s Knowledge Park in Airoli, Thane, near Mumbai, for ₹550 crore. The deal, recorded in September 2025, ranked among the largest commercial real estate transactions in the Mumbai Metropolitan Region that year.
The asset was acquired by Prime Lohegaon Infraspaces LLP, a subsidiary of Pune-based Panchshil Realty.
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