Gramercy Info Park Acquires Two Industrial Land Parcels in Navi Mumbai for ₹615 Crore

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Gramercy Info Park Acquires Two Prime Land Parcels in Ghansoli for ₹615 Crore

Gramercy Info Park Pvt Ltd, a subsidiary of Pune-based Panchshil Realty, has made a significant investment in Navi Mumbai's Ghansoli area by acquiring two industrial land parcels for a total of ₹615 crore. According to property registration documents accessed by Propstack.com, the transactions were finalized on February 11, 2025.

Breakdown of the Land Transactions

The acquisition includes two separate land parcels in the TTC Industrial Area of MIDC Ghansoli:

1. First Transaction:

- Size: 73,600 square meters

- Purchase Price: ₹235.34 crore

- Location: TTC Industrial Area, MIDC Ghansoli

2. Second Transaction:

- Size: 1.18 lakh square meters

- Purchase Price: ₹379.65 crore

- Location: TTC Industrial Area, MIDC Ghansoli

The sellers of these land parcels include Savitri Tulsidas Mehta and others. The registration of these transactions required a stamp duty payment of ₹30.75 crore and a registration fee of ₹60,000.

Panchshil Realty’s Expansion Strategy

Panchshil Realty, a luxury real estate developer, has been actively expanding its footprint in India. The company is known for high-end developments and has previously collaborated with the Trump Organization to develop Trump Towers in Pune’s Kalyani Nagar. This premium residential project consists of two 23-story towers, featuring 46 single-floor apartments, each measuring 5.5 BHK units with a total area of 3.69 lakh sq ft.

This latest acquisition by Gramercy Info Park indicates Panchshil Realty’s strategy to strengthen its position in the commercial and industrial real estate sector, especially in Navi Mumbai, which is emerging as a key investment destination.

Surge in Land Transactions Across Maharashtra

Maharashtra has witnessed a significant rise in large-scale land transactions in recent months. Apart from Gramercy Info Park’s purchase, multiple high-value land deals have been registered in Mumbai and Pune.

Recent Land Deals in Pune and Mumbai:

- Casagrand Millenia Private Limited (January 2025)

- Location: Wagholi, Pune

- Transaction Value: ₹126.04 crore

- UC Punawale Skyscrapers LLP (February 4, 2025)

- Location: Punawale, Pimpri-Chinchwad

- Transaction Value: ₹129 crore

- Westcon Space Private Limited (February 6, 2025)

- Location: Wagholi, Pune

- Transaction Value: ₹129 crore

- Developer: Solitaire Group

While Pune has seen outright land purchases, Mumbai’s real estate market has been driven by redevelopment and cluster development projects. Several listed developers have announced large-scale projects aimed at transforming existing neighborhoods into modern residential and commercial hubs.

Why Navi Mumbai is Becoming a Hotspot for Industrial Investments

Navi Mumbai, particularly areas like Ghansoli and the TTC Industrial Area, has become a prime destination for real estate investments. The reasons include:

- Strategic Location: Proximity to Mumbai, Pune, and major business hubs

- Infrastructure Growth: Development of roads, highways, and upcoming metro corridors

- Industrial & IT Hub: Presence of major IT parks and industrial zones

- Government Initiatives: MIDC’s efforts to boost industrial growth and investment in Navi Mumbai

Conclusion

Gramercy Info Park’s investment in Ghansoli is a strong indicator of the growing demand for industrial land in Navi Mumbai. As Maharashtra continues to witness large-scale land acquisitions and redevelopment projects, the state is poised to remain a top choice for real estate investments. With infrastructure improvements and strategic government initiatives, the industrial and commercial real estate sector in Maharashtra is set for sustained growth in the coming years.