Panchshil Realty affiliate buys land parcels worth Rs 615 cr in Navi Mumbai

Gramercy Info Park Private Limited is located in Pune and was incorporated in 2022

Gramercy Info Park Private Limited, a firm affiliated with Panchshil Realty—a Pune-based realtor—bought land parcels worth Rs 614.99 crore in Navi Mumbai’s Ghansoli area, as per the registration documents provided by Propstack. 

 

The two land parcels together span an area of about 47.51 acres (equivalent to 192,327 square metres, 2.1 million square feet—msf) and are located near Maharashtra Industrial Development Corporation (MIDC) Trans Thane Creek (TTC), with proximity to both Mumbai and Thane.

 

The firm signed deeds of transfer with the sellers—Savitriben Tulsidas Mehta and others—on February 11, 2025. The transactions incurred a stamp duty of Rs 30.8 crore and registration fees of Rs 60,000.

 

 

Besides, the TTC industrial area has witnessed a property price appreciation of 9.05 per cent in the last year, according to Square Yards Data Intelligence. Property prices in the area hover around Rs 20,465 as of December 2024.

 

Meanwhile, Panchshil Realty, led by Atul Chordia, has developed an area of about 31.7 msf so far. The company has developed office parks, data centres, hospitality, retail, and residential properties. The company partners institutionally with global investment firms such as Blackstone, Morgan Stanley, and Singapore-based GIC.