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)

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..