Panchshil Realty Acquires Capgemini Knowledge Park in MMR for Rs 550 Crore
Pune-based real estate developer Panchshil Realty has acquired five buildings of Capgemini Knowledge Park in the Thane Creek Industrial Area for Rs 550 crore, expanding its footprint in the Mumbai Metropolitan Region (MMR).
Panchshil RealtyCapgemini Knowledge ParkMmrReal EstateOffice SpaceReal Estate PuneSep 29, 2025
The property, spanning 15.38 acres, is located in the Thane Creek Industrial Area, Dighe. The acquisition has been assigned to Prime Lohegaon Infraspaces, a subsidiary of Panchshil Realty. The firm paid a stamp duty of Rs 27.5 crore and a registration fee of Rs 30,000 for the transaction, highlighting the meticulous financial planning and regulatory compliance involved in such large-scale acquisitions.
This acquisition adds to Panchshil’s already extensive portfolio, which includes 22.77 million sq ft of developed office space and 32.1 million sq. ft. under development. The company’s projects feature a diverse range of developments, including tech parks, mixed-use developments, SEZs, data centers, residential, and hospitality projects. This diverse portfolio positions Panchshil as a leading player in the Indian real estate market, capable of meeting the varied needs of different sectors.
The MMR remains India’s third-largest office market, with a total stock of 169 million sq. ft. as of H1 2025. The commercial landscape in the region is experiencing a significant shift, with 58 percent of office space now located in Secondary Business Districts (SBDs) such as BKC and Andheri. In contrast, traditional Central Business Districts (CBDs) hold only 15 percent of the office space. This shift reflects the changing dynamics of the real estate market, driven by factors such as cost-effectiveness, accessibility, and the growing preference for modern, well-connected business hubs.
Panchshil Realty’s acquisition of the Capgemini Knowledge Park is a testament to the company’s strategic vision and commitment to expanding its presence in key growth areas. The Thane Creek Industrial Area, in particular, is emerging as a preferred location for tech and business parks due to its strategic location, connectivity, and infrastructure development. By acquiring this prime property, Panchshil is well-positioned to capitalize on the growing demand for high-quality office space in the MMR.
In conclusion, the acquisition of Capgemini Knowledge Park by Panchshil Realty is a significant milestone in the company’s growth trajectory. It not only adds a valuable asset to their portfolio but also underscores the company’s commitment to investing in and developing key areas of the MMR. As the real estate market continues to evolve, Panchshil’s strategic acquisitions and developments are likely to play a crucial role in shaping the future of the MMR and beyond.
Frequently Asked Questions
What is the total area of the land acquired by Panchshil Realty?
The land acquired by Panchshil Realty comprises 15.38 acres in the Thane Creek Industrial Area, Dighe.
How much did Panchshil Realty pay for the acquisition?
Panchshil Realty paid Rs 550 crore for the acquisition of the Capgemini Knowledge Park land.
What is the current total stock of office space in the MMR?
As of H1 2025, the total stock of office space in the MMR is 169 million sq. ft.
What percentage of office space in the MMR is located in Secondary Business Districts (SBDs)?
58 percent of office space in the MMR is located in Secondary Business Districts (SBDs) such as BKC and Andheri.
What is Prime Lohegaon Infraspaces' role in this acquisition?
Prime Lohegaon Infraspaces, a subsidiary of Panchshil Realty, has been assigned the acquired land parcels comprising five buildings of Capgemini Knowledge Park.
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