+
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
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?