Gramercy Info Park Acquires Rs 6.15 Billion Land in Ghansoli MIDC

25 Feb 2025 CW Team

In a significant real estate transaction, Gramercy Info Park Private Limited, a subsidiary of Panchshil Realty, has acquired prime industrial land in Navi Mumbai’s Ghansoli MIDC area for Rs 6.15 billion. The purchase was made through two separate deals in the T.T.C. Industrial Area of Ghansoli.

According to records accessed by Propstack, the first transaction took place on February 11, 2025, involving a 73,600 sq. meter plot (Plot No. 22/1) sold by Savitriben Tulsidas Mehta and others for Rs 2.35 billion. The second transaction, also on the same day, covered a larger 1,18,727 sq. meter area, including Plot No. 22/2 and part of Plot No. 22/2(Part), valued at Rs 3.79 billion — bringing the total deal value to Rs 6.15 billion.

This acquisition highlights Panchshil Realty’s growing investment in the Ghansoli region, which is rapidly emerging as a key hub for industrial and commercial development. Panchshil Realty, known for its high-end commercial and residential projects, is expected to expand its footprint in the Mumbai Metropolitan Region with this strategic move.

Industry experts suggest this deal reflects the increasing demand for industrial and commercial spaces in Navi Mumbai’s MIDC zones, attracting major developers and corporate interest.

(FPJ)

Resources

08 Sep 2025

IGBC Launches 32nd Chapter in Ranchi to Drive Green Building Growth

The CII Indian Green Building Council (IGBC) has launched its 32nd Chapter in Ranchi to accelerate Jharkhand’s transition towards sustainable and resilient urban infrastructure. The launch event, held on September 6 at Radisson Blu Hotel, brought together government officials, industry leaders, and sustainability experts. Sunil Kumar, IAS, Principal Secretary, Urban Development & Housing Department, Government of Jharkhand, said, “The launch of the IGBC Ranchi Chapter marks a significant step in Jharkhand’s urban development journey. The state is committed to creating a policy e..

Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust. Key achievements over five years include: Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments. Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent. Cumulative distribution of Rs 55.9 billion to unitho..

Great Value Realty Secures RERA Nod for Ultra-Luxury Ekanam Project

Great Value Realty, one of North India’s most trusted developers, has received RERA approval for its flagship ultra-luxury residential project, Ekanam (RERA No. UPRERAPRJ15109/2019). The announcement was made during the Great Partners Meet at Noida. Built on the only available land parcel in Sector 107, Noida, Ekanam embodies the company’s philosophy, “Great is the New Norm,” promising excellence in design, quality, and sustainable community living. With seamless connectivity to Noida Expressway, DND Flyway, metro stations, and proximity to the upcoming Jewar Airport, the project ..