Panchshil Realty Acquires Capgemini’s Thane Knowledge Park for ₹550 Crore
Panchshil Realty, a prominent player in Pune's commercial real estate market, has expanded its footprint in Mumbai with the acquisition of Capgemini’s Thane Knowledge Park for ₹550 crore. The deal underscores the growing trend of corporates monetizing non-core real estate assets and developer-backed players acquiring income-generating properties.
Panchshil RealtyCapgemini Knowledge ParkCommercial Real EstateMmrGradea Office ParksReal Estate NewsSep 27, 2025
The seller in the deal is Capgemini Technology Services India Pvt Ltd, while the buyer is Prime Lohegaon Infraspaces LLP. This acquisition marks a significant addition to Panchshil Realty’s expanding commercial portfolio, underscoring the developer’s long-term bet on demand for Grade-A office parks.
Industry trackers point out that the MMR has continued to see steady investment activity in commercial real estate, driven by leasing demand from IT/ITeS firms, global capability centers (GCCs), and co-working operators. Large-ticket transactions such as this also reflect the growing trend of corporates monetizing non-core real estate assets while institutional and developer-backed players acquire income-generating properties for long-term rental yield.
Panchshil Realty, which has built a strong presence in Pune’s commercial real estate market, has been increasingly looking at Mumbai to expand its footprint. This latest acquisition signals confidence in the resilience of the office segment despite the hybrid work shift. The company’s strategic move is expected to bolster its position in the highly competitive MMR real estate market.
The Capgemini Knowledge Park, with its prime location and modern facilities, is likely to attract a diverse range of tenants, including IT giants, co-working spaces, and other high-demand businesses. Panchshil Realty’s acquisition not only enhances its portfolio but also demonstrates its commitment to investing in high-potential areas that align with the evolving needs of the commercial real estate sector.
Frequently Asked Questions
What is the total value of the acquisition?
The total value of the acquisition is ₹550 crore.
Who are the parties involved in this transaction?
The seller is Capgemini Technology Services India Pvt Ltd, and the buyer is Prime Lohegaon Infraspaces LLP, a subsidiary of Panchshil Realty.
What area and assets are included in the acquisition?
The acquisition includes 15.38 acres of land comprising five buildings at Capgemini Knowledge Park, located in the Thane Creek Industrial Area, Dighe, Thane.
What is the significance of this acquisition for Panchshil Realty?
This acquisition marks a significant addition to Panchshil Realty’s expanding commercial portfolio and signals the company’s confidence in the resilience of the office segment despite the hybrid work shift.
What trend does this transaction reflect in the real estate market?
This transaction reflects the growing trend of corporates monetizing non-core real estate assets and developer-backed players acquiring income-generating properties for long-term rental yield.
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