Panasonic Life Solutions India Acquires Rs.160 Crore Land Parcel in Mumbai
Panasonic Life Solutions India Private Limited has made a significant investment in Andheri East, Mumbai, acquiring a prime land parcel worth Rs. 160 crore. According to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) Maharashtra, the transaction was registered in January 2025. The land, spanning approximately 6,586.90 square meters (~7,877.87 square yards), was purchased from River Rose Developers LLP. The deal involved a stamp duty payment of Rs. 9.60 crore and a registration fee of Rs. 30,000.
The investment highlights the continued demand for strategic real estate assets in Mumbai’s commercial and business hubs. Andheri East has established itself as a preferred location for businesses due to its connectivity, infrastructure, and corporate presence.
According to Anand Moorthy, Co-founder and CBO, Capital Market & Services, Square Yards, “Mumbai continues to reinforce its position as a commercial powerhouse, driven by sustained strategic investments from leading major firms. The recent surge in land acquisitions and office leasing activity in key business areas such as Andheri, Lower Parel, Bandra-Kurla Complex amongst others along with growing interest in data centre developments across the metropolitan region, underscores the city’s enduring appeal for both global and domestic enterprises. Furthermore, the ongoing infrastructure upgrades and enhanced connectivity in Mumbai is fostering a dynamic and thriving business environment. This momentum is also spilling over into the residential market, driving demand across the city and its metropolitan region.”
Andheri East: A Growing Business and Residential Hub
Andheri East is a well-established commercial and residential district, offering connectivity via the Western Express Highway, Metro Line 1, and proximity to domestic and international airports. The area houses business parks, corporate offices, and industrial estates such as SEEPZ and MIDC, making it a sought-after location for companies across various sectors.
In addition to business infrastructure, Andheri East has a developed social and retail ecosystem. Educational institutions, healthcare facilities, and entertainment centers contribute to the area's appeal. Retail spaces like Phoenix Marketcity and Infinity Mall cater to both residents and professionals working in the vicinity.
Image Source- Square Yards Data Intelligence
Mumbai’s Real Estate Momentum
The Mumbai Metropolitan Region continues to witness land acquisitions and commercial leasing activity, supported by infrastructure upgrades such as metro expansions and road improvements. With major corporations investing in office spaces and commercial properties, the region maintains its position as a key economic center.
Land deals in Mumbai have seen significant activity. According to property registration documents accessed by CRE Matrix, in December 2024, K Raheja Corp agreed to purchase 5.75 acres of land in Mumbai's Kandivali area for Rs. 466 crore. Similarly, in July 2024, Mahindra and Mahindra Limited sold a 20.5-acre land parcel in Mumbai's Kandivali area for Rs. 210 crore to Blueprintify Properties Pvt Ltd, a part of Pune-based real estate firm Rucha Group.
Panasonic Life Solutions India’s latest acquisition reflects this trend, reinforcing investor confidence in Mumbai’s long-term growth prospects. As infrastructure projects progress and connectivity improves, demand for commercial and residential spaces is expected to rise.
