Panchshil Realty Acquires Capgemini’s Thane Knowledge Park for ₹550 Crore
Pune-based real estate developer Panchshil Realty has acquired Capgemini’s Thane Knowledge Park, a significant addition to their portfolio, for Rs 550 crore.
Real EstatePanchshil RealtyCapgeminiThane Knowledge ParkOffice MarketReal Estate NewsSep 27, 2025
According to CRE Matrix, a real estate data analytics firm, the property has been assigned to Prime Lohegaon Infraspaces LLP, a subsidiary of Panchshil Realty. The firm has paid a stamp duty of Rs 27.5 crore and a registration fee of Rs 30,000 for the transaction.
The property spans 15.38 acres and is located in the Thane Creek Industrial Area in Dighe. Emails sent to Panchshil Realty and Capgemini have not been answered yet.
Besides, the property is an addition to Panchshil’s 22.77 million square feet (msf) of developed office space portfolio. The company also has an under-development portfolio of 32.1 msf. This portfolio consists of eight tech parks, five mixed-use developments, and two special economic zone (SEZ) properties. The company also has data centres, residential projects, and hospitality assets in its portfolio.
Additionally, the Mumbai Metropolitan Region (MMR) has played a pivotal role in shaping India’s office market evolution. According to Knight Frank India, with a total stock of 169 msf as of the first half of 2025 (H1 2025), MMR stands as the third-largest office market in India, contributing 17 per cent to the nation’s total office stock.
Mumbai’s commercial footprint is undergoing a fundamental transformation, with 58 per cent of the office stock now concentrated in Secondary Business Districts (SBDs) such as Bandra-Kurla Complex (BKC), Andheri, Goregaon, and Powai. The traditional Central Business Districts (CBDs) like Nariman Point and Fort, once the epicentres of corporate India, now account for only 15 per cent of the market’s stock. The Peripheral Business Districts (PBDs) – Thane, Navi Mumbai, Airoli, and Belapur – comprise 27 per cent, indicating growing traction in affordable and infrastructure-enabled corridors.
Frequently Asked Questions
What is Panchshil Realty's new acquisition?
Panchshil Realty has acquired Capgemini’s Thane Knowledge Park, which consists of five buildings on 15.38 acres of land, for Rs 550 crore.
How much stamp duty and registration fee did Panchshil Realty pay for the acquisition?
Panchshil Realty paid a stamp duty of Rs 27.5 crore and a registration fee of Rs 30,000 for the acquisition of Capgemini’s Thane Knowledge Park.
What is the size of Panchshil Realty's developed office space portfolio?
Panchshil Realty's developed office space portfolio is 22.77 million square feet (msf).
What is the significance of the Mumbai Metropolitan Region (MMR) in India’s office market?
The Mumbai Metropolitan Region (MMR) is the third-largest office market in India, contributing 17 per cent to the nation’s total office stock, with a total stock of 169 msf as of H1 2025.
What is the current distribution of office stock in Mumbai?
In Mumbai, 58 per cent of the office stock is concentrated in Secondary Business Districts (SBDs), 15 per cent in Central Business Districts (CBDs), and 27 per cent in Peripheral Business Districts (PBDs).
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