Awfis expands Mumbai presence by adding a New Centre in Supreme Business Park, Hiranandani Gardens, Powai

Awfis Space Solutions Limited, India's largest and first publicly listed workspace solutions company, today announced the launch of its new centre spanning ~50000 sq ft. chargeable area in Supreme Business Park, Hiranandani Gardens, Powai. The location offers strong connectivity through multiple transport modes, including upcoming metro lines, key arterial roads, and proximity to the airport and railway stations, making it one of Mumbai's most accessible and upscale areas. With this expansion, Awfis now operates 35 centres in Mumbai, offering ~1.04 million. sq. ft. serving a diverse clientele across sectors and demographics.

The centre is already occupied by Howden Insurance Brokers India Pvt. Ltd., a leading independent insurance and reinsurance intermediary. Howden has taken ~ 36,000 sq. ft. with a 60-month lease agreement-reflecting Howden's long-term commitment to Awfis. Large enterprises account for 59% of Awfis' client base, complemented by a healthy mix of mid and small-sized occupiers, ensuring a well-balanced demand portfolio.

Commenting on this development, Amit Ramani, Chairman and MD, Awfis Space Solutions Ltd., said, "Mumbai continues to flourish as India's financial capital, driven by strong CRE growth, the influx of global capability centres, and the rising demand for high-quality Grade A office spaces. As more enterprises look to set up and expand operations in the city, we are proud to be contributing to this growth by offering innovative coworking formats, managed offices, and custom-built solutions that cater to diverse business needs while redefining the future of work. We are delighted to partner with Howden Insurance Brokers India Pvt. Ltd., one of India's leading insurance brokers, in setting up their new office at our new Powai centre. This win reaffirms our position as the preferred workspace partner for enterprises seeking futureready, flexible, and scalable office solutions in prime business districts."

With 73% of Awfis' clients having tenures exceeding 24 months, the company has demonstrated strong retention and long-term trust, while a robust pipeline of new clients continues to drive portfolio growth. India continues to emerge as a preferred global destination for corporate real estate requirements, with demand driven by major metros - Mumbai alone accounting for 20% of the growth. The office market outlook remains positive, underpinned by India's resilient economic fundamentals and the continued expansion of global capability centers (GCCs).

The demand for flexible and sustainable workspace is expected to further shape market dynamics, with occupiers increasingly seeking tech-enabled and ESG-compliant office solutions. Building on this momentum, Awfis is reinforcing its leadership in Mumbai's coworking and managed office market, serving enterprises, startups, and professionals through a comprehensive suite of solutions spanning enterprise workspaces, allied services, and design & build capabilities across India.

Shares of Awfis Space Solutions Limited was last trading in BSE at Rs. 590.20 as compared to the previous close of Rs. 573.25. The total number of shares traded during the day was 15120 in over 1073 trades.

The stock hit an intraday high of Rs. 601.55 and intraday low of 572.80. The net turnover during the day was Rs. 8922807.00.

Source : Equity Bulls

Keywords

AwfisSpaceSolutions INE108V01019 Expansion Mumbai NewCentre SupremeBusinessPark HiranandaniGardens Powai