Capgemini Sells Thane Campus to Panchshil for Rs 550 Crore
Capgemini Technology Services India has sold its land and buildings in Thane’s Dighe locality to Prime Lohegaon Infraspaces LLP for Rs 550 crore. The transaction includes four land parcels and five buildings, marking one of the larger sales in the Thane submarket.
CapgeminiThanePanchshilReal EstateKnowledge ParkReal Estate NewsSep 27, 2025
This deal is among the larger outright sales recorded in the Thane submarket in the last couple of years. Prime Lohegaon has paid stamp duty worth Rs 27.5 crore for the registration of the deal, which took place on September 17, as shown by documents accessed through CRE Matrix, a real estate data analytics platform.
Capgemini had developed the Knowledge Park in Thane as part of its office and technology operations in the Mumbai Metropolitan Region. The company continues to operate from several other campuses across India and remains one of the largest IT services employers in the country. The sale of the Thane assets aligns with the broader strategy adopted by several global technology and consulting firms, which are reassessing their office portfolios. Many are consolidating into larger integrated campuses, optimizing utilization levels, and monetizing non-core properties as hybrid work practices gain traction.
Prime Lohegaon, the purchaser of the assets, is part of Panchshil Realty, a developer with a portfolio of large-scale commercial and office projects, primarily in Pune. The acquisition expands Panchshil’s presence into the Mumbai region at a time when the market has seen multiple large-ticket transactions involving developers, private equity funds, and corporates. ET's email query to Capgemini remained unanswered, while Panchshil spokesperson declined to comment for the story.
Real estate industry data indicates that Thane has emerged as one of the important office and mixed-use locations in Maharashtra due to infrastructure projects and ongoing metro network expansion. The locality has attracted interest from both occupiers and investors looking for large land banks and scalable campuses. Capgemini’s divestment adds to the trend of corporates monetizing assets in key urban centers, while developers acquire these holdings either for continued leasing or for redevelopment, depending on demand and approvals.
Frequently Asked Questions
What did Capgemini sell in Thane?
Capgemini sold its land parcels and buildings in Thane’s Dighe locality to Prime Lohegaon Infraspaces LLP for Rs 550 crore. The transaction includes four land parcels and five buildings that form part of the Capgemini Knowledge Park campus.
Why did Capgemini sell these assets?
The sale of the Thane assets aligns with Capgemini's broader strategy of reassessing their office portfolios. Many global technology and consulting firms are consolidating into larger integrated campuses, optimizing utilization levels, and monetizing non-core properties as hybrid work practices gain traction.
Who is Prime Lohegaon Infraspaces LLP?
Prime Lohegaon Infraspaces LLP is part of Panchshil Realty, a developer with a portfolio of large-scale commercial and office projects, primarily in Pune. The acquisition expands Panchshil’s presence into the Mumbai region.
What is the significance of Thane in the real estate market?
Thane has emerged as an important office and mixed-use location in Maharashtra due to infrastructure projects and ongoing metro network expansion. The locality has attracted interest from both occupiers and investors looking for large land banks and scalable campuses.
How does this sale impact the real estate market in Thane?
Capgemini’s divestment adds to the trend of corporates monetizing assets in key urban centers. Developers like Panchshil acquire these holdings either for continued leasing or for redevelopment, depending on demand and approvals, thereby contributing to the dynamic real estate market in Thane.
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