Gramercy Info Park Pvt Ltd Acquires Industrial Land in Navi Mumbai for ₹615 Crore
Gramercy Info Park Pvt Ltd, a subsidiary of Pune-based Panchshil Realty, has acquired two industrial land parcels in Navi Mumbai's Ghansoli for a total of ₹615 crore. The transactions were finalized and registered on February 11, 2025, as per property registration documents accessed by Propstack.com.
The first transaction involves a 73,600 sq. m land parcel in the TTC Industrial Area, MIDC Ghansoli, purchased for ₹235.34 crore. The second transaction includes a 1.18 lakh sq. m parcel in the same industrial zone, acquired for ₹379.65 crore. The purchases were made from Savitri Tulsidas Mehta and other sellers. A total stamp duty of ₹30.75 crore and a registration fee of ₹60,000 were paid for both deals.
Panchshil Realty, known for luxury developments, previously collaborated with the Trump Organization to develop Trump Towers in Pune's Kalyani Nagar. The project consists of two 23-story towers with 46 single-floor apartments covering a total of 3.69 lakh sq. ft, featuring 5.5 BHK units.
In recent months, Maharashtra has seen a rise in land transactions, particularly in Pune and Mumbai. Notable deals include:
- Casagrand Millenia Private Limited purchased land in Wagholi, Pune for ₹126.04 crore in January 2025.
- UC Punawale Skyscrapers LLP acquired land in Punawale, Pimpri-Chinchwad for ₹129 crore on February 4.
- Westcon Space Private Limited, part of Solitaire Group, bought four hectares in Wagholi, Pune for ₹129 crore on February 6.
While Pune has recorded multiple outright land purchases, Mumbai’s real estate sector has seen a surge in redevelopment and cluster development projects. Several listed developers have announced new projects, focusing on urban redevelopment.
The acquisition by Gramercy Info Park highlights continued interest in industrial real estate in Navi Mumbai. As land transactions increase across Maharashtra, developers are expanding their portfolios through outright purchases and redevelopment projects. The Mumbai and Pune markets remain active, with significant investments shaping the region’s real estate landscape.
