In one of the largest commercial real estate transactions of 2025 in the Mumbai Metropolitan Region (MMR), Prime Lohegaon Infraspaces LLP, a subsidiary of Pune-based Panchshil Realty, has acquired Capgemini’s Knowledge Park in Airoli, Thane, for ₹550 crore. The transaction was registered on September 17, 2025. It also attracted a stamp duty of ₹27.5 crore, according to property registration documents accessed by CRE Matrix.
Located in the Thane Creek Industrial Area at Dighe, Airoli, the acquisition includes multiple land parcels and buildings spread over 15.38 acres. The expansive campus comprises five commercial buildings, a training center, utility structures, a visitors’ plaza, three cafes, and a guest house, making it a significant commercial hub in the region.
The Knowledge Park has been a key IT hub, housing thousands of technology professionals over the years. Several prominent companies, including Here Technologies (Here Mumbai), GEP, Atos Global IT Solutions & Services Pvt Ltd, and Solcen Technologies Pvt Ltd, currently occupy office spaces within the campus.
This acquisition reflects Panchshil Realty’s growing interest in strategic commercial assets in prime urban micro-markets. Airoli, known for its robust infrastructure, excellent connectivity to Mumbai and Navi Mumbai, and an established IT ecosystem, has emerged as one of the most sought-after commercial destinations in the MMR.
For Panchshil Realty, a developer with a strong footprint in Pune’s commercial real estate segment, this deal signifies a strategic expansion into Mumbai’s thriving IT corridor. The asset’s scale, location advantages, and tenant profile make it a valuable addition to Panchshil’s growing commercial portfolio.
Recent Transactions
Mumbai and its neighboring city, Thane, have seen strong activity in the commercial real estate market. Increasing interest in office, retail, and mixed-use properties reflects the region’s status as a prime business hub for investors and developers.
In a recent transaction, Lumina CloudInfra Pvt Ltd, backed by global investment giant Blackstone, acquired two prime land parcels in Chandivali, Andheri East, for a combined ₹475 crore. In another translation, the Reserve Bank of India (RBI) acquired a 4.61-acre land parcel at the prestigious Nariman Point in South Mumbai for ₹3,472 crore.
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