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)