House of Hiranandani Dives into Co-Working Space with 160-Seat Pilot in Powai
Mumbai-based real estate developer House of Hiranandani (HoH) has launched a pilot flexible office space project with 160 seats at Hiranandani Gardens in Powai, Mumbai, according to company sources.
According to the sources, the Powai property has the potential to accommodate up to 500 seats, but the developer has begun with a smaller pilot phase. "Going further, HoH will explore adding more properties of the company for the co-working space business, including those in Andheri and Thane," they said.
Ankit Mathur, Senior Manager, Commercial Business, House of Hiranandani, shared on LinkedIn that a few months ago, the Managing Director called him to discuss the start of a new business line in flex offices. They had some empty space available in the prime locality and decided to do something different with it rather than leasing it out traditionally. They chose to start the pilot project of their co-working center at Hiranandani Gardens, Powai.
Currently, around 7 million sq ft of office space is under the management of House of Hiranandani across the Mumbai Metropolitan Region (MMR). The company's foray into the co-working space segment aligns with the growing trend in India, where the flex office space market is expected to cross 100 million sq ft by 2027, up from 72.3 million sq ft in 2025, according to Colliers’ report Flex India: Pioneering the Future of Work, released in December 2025.
The report states that Bengaluru remains the largest flex market, with a 31% share of the total stock, while Pune has the highest penetration at 11.5%. Global Capability Centres (GCCs) are also emerging as one of the most influential occupier groups in the flex ecosystem. The share of flex spaces in the overall office stock is expected to strengthen, with flex penetration likely to rise from 8.5% in 2025 to 10.5% by 2027, supported by sustained operator expansion.
House of Hiranandani's entry into the co-working space market is a strategic move that capitalizes on the growing demand for flexible and collaborative work environments. The company's extensive portfolio and strong presence in key locations like Powai, Andheri, and Thane position it well to expand its co-working offerings and capture a significant share of this burgeoning market.
