By Kailash Babar
Copyright indiatimes
Capgemini Technology Services India, the Indian arm of French IT and consulting group Capgemini, has sold its land parcels and buildings in Thane’s Dighe locality to Prime Lohegaon Infraspaces LLP for Rs 550 crore.The transaction covers four land parcels spread across 15.38 acres in Thane Creek Industrial Area and the property includes five buildings that together form part of the Capgemini Knowledge Park campus.This deal is among the larger outright sales recorded in the Thane submarket in the last couple of years.Prime Lohegaon has paid stamp duty worth Rs 27.5 crore for the registration of the deal that took place on September 17, showed documents accessed through CRE Matrix, a real estate data analytics platform.Capgemini had developed the Knowledge Park in Thane as part of its office and technology operations in the Mumbai Metropolitan Region. The company continues to operate from several other campuses across India and remains among the largest IT services employers in the country.Live EventsThe sale of the Thane assets is in line with the broader strategy adopted by several global technology and consulting firms that are reassessing their office portfolios. Many are consolidating into larger integrated campuses, optimising utilisation levels and monetising non-core properties as hybrid work practices gain traction.Prime Lohegaon, the purchaser of the assets, is part of Panchshil Realty, a developer with a portfolio of large-scale commercial and office projects, primarily in Pune. The acquisition expands Panchshil’s presence into the Mumbai region at a time when the market has seen multiple large-ticket transactions involving developers, private equity funds and corporates.ET’s email query to Capgemini remained unanswered, while Panchshil spokesperson declined to comment for the story. Real estate industry data indicates that Thane has emerged as one of the important office and mixed-use locations in Maharashtra due to infrastructure projects and ongoing metro network expansion. The locality has attracted interest from both occupiers and investors looking for large land banks and scalable campuses.Capgemini’s divestment adds to the trend of corporates monetising assets in key urban centres, while developers acquire these holdings either for continued leasing or for redevelopment, depending on demand and approvals. Add as a Reliable and Trusted News Source Add Now!
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Read More News onPrime Lohegaon Infraspacesreal estate data analytics platformoffice portfolios strategyCapgeminiPrime Lohegaon Infraspaces LLPPanchshil Realty acquisitionPanchshil RealtyCapgemini Thane campus sale
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onPrime Lohegaon Infraspacesreal estate data analytics platformoffice portfolios strategyCapgeminiPrime Lohegaon Infraspaces LLPPanchshil Realty acquisitionPanchshil RealtyCapgemini Thane campus sale(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
