MUMBAI: Quest Coworks, a flexible workspace provider, has acquired over 57,000 sq ft of office space from Capgemini Technology Services India at Akruti Softech Park, located in MIDC’s Marol Industrial Area, Andheri (East). The transaction is valued at Rs 55.83 crore.
This deal, registered on March 16, includes five office units across multiple floors of the commercial property, with a total stamp duty of Rs 3.58 crore paid by the buyer.
The largest unit, measuring 11,885 sq ft on the fourth floor, was purchased for Rs 11.52 crore and incurred a stamp duty of Rs 72.38 lakh. The remaining units are located on the first, fifth, and sixth floors, each ranging from 11,600 to 11,800 sq ft, with valuation estimates between Rs 11.3 and 11.5 crore.
Additionally, a smaller 10,500 sq ft unit on the seventh floor was sold for Rs 10.18 crore, bearing a stamp duty of Rs 66.64 lakh. The transaction also includes 51 car parking slots across the purchased units, as per registration documents acquired from CRE Matrix, a real estate data analytics platform.
Emails sent to Quest Coworks and Capgemini Technology Services India for comments remained unanswered at the time of publication.
This acquisition signals a sustained demand for move-in-ready office spaces in well-established micro-markets like Andheri East, fueled by flexible workspace providers and enterprises seeking scalable solutions.
The MIDC-Marol area in Andheri East continues to attract businesses due to its proximity to the international airport, metro links, and a robust corporate ecosystem.
This deal occurs in the context of ongoing leasing and investment activity in Mumbai’s office market, as managed workspace providers expand their footprints to meet the needs of hybrid work models, driven by demand from startups and larger enterprises.
