Gramercy Info Park Acquires Rs 6.15 Billion Land in Ghansoli MIDC
Real Estate

Gramercy Info Park Acquires Rs 6.15 Billion Land in Ghansoli MIDC

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)

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)

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?