Panchshil Realty Expands in MMR with ₹550 Crore Thane Knowledge Park Acquisition
Pune-based Panchshil Realty has made a significant move to expand its commercial real estate footprint in the Mumbai Metropolitan Region (MMR) by acquiring Capgemini’s Knowledge Park in Thane. The transaction involved the transfer of 15.38 acres of land, including five office buildings located in the Thane Creek Industrial Area, Dighe. The deal, completed through Panchshil’s subsidiary Prime Lohegaon Infraspaces LLP, was valued at ₹550 crore and attracted a stamp duty of ₹27.5 crore.
Capgemini Technology Services India Pvt Ltd served as the seller in the transaction. This acquisition reinforces Panchshil Realty’s long-term strategy of building a diversified commercial portfolio across high-potential locations. The company has been actively looking to expand beyond Pune, where it has already established a strong presence in the Grade-A office segment.
Industry experts point out that MMR continues to see robust activity in commercial real estate, driven by strong leasing demand from IT/ITeS firms, global capability centers (GCCs), and co-working operators. The transaction reflects a broader trend of corporates monetizing non-core real estate assets, while institutional and developer-backed players acquire income-generating properties that promise stable, long-term rental yields.
Thane has emerged as a preferred destination for commercial real estate investment due to its strategic location, connectivity, and growing corporate presence. With improved road networks, metro connectivity, and proximity to key business hubs, Thane offers both occupiers and investors a balanced mix of accessibility and growth potential. For developers like Panchshil Realty, acquiring ready-to-operate office assets in such markets ensures immediate income generation while positioning the company for further expansion in the region.
The acquisition also aligns with evolving corporate real estate strategies. Post-pandemic hybrid work models have altered space requirements, prompting companies to rationalize portfolios and monetize non-core assets. At the same time, investors are increasingly focused on acquiring operational Grade-A office parks that can deliver stable cash flows. This makes Thane Knowledge Park a strategically attractive addition to Panchshil Realty’s portfolio.
Panchshil Realty’s move signals confidence in the resilience of the office segment despite ongoing shifts in work patterns. As businesses continue to prioritize premium, well-connected office spaces, the demand for high-quality, ready-to-operate properties is expected to remain strong. Analysts note that acquisitions like this not only strengthen a developer’s revenue streams but also support the creation of integrated commercial hubs that contribute to the overall growth of MMR’s real estate ecosystem.
