Panasonic
Life Solutions India Pvt. Ltd. Acquires Rs. 160 Crore Land Parcel in Mumbai:
Square Yards
Panasonic Life Solutions India Private Limited has made
a significant investment in the Saki Vihar Road, Andheri East, Mumbai, with the
acquisition of a prime land parcel worth Rs. 160 crore, according to property
registration documents reviewed by Square Yards on the
website of Inspector General of Registration (IGR) https://igrmaharashtra.gov.in.
The transaction was registered in January 2025.
Anand Moorthy, Co-founder and CBO, Capital Market
& Services, Square Yards said, “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 is a prominent commercial and
residential hub in Mumbai, offering excellent connectivity via the Western
Express Highway, Metro Line 1, and proximity to both domestic and international
airports. The area hosts a thriving business ecosystem with SEEPZ, MIDC, and
numerous corporate offices. Its well-developed social infrastructure includes
reputed schools, hospitals, and entertainment facilities, while retail
landmarks like Phoenix Marketcity and Infinity Mall enhance the lifestyle
quotient.
The land, spanning approximately 6,586.90 square
meters (~7,877.87 square yards), was acquired by Panasonic Life Solutions India
Private Limited from River Rose Developers LLP, as per IGR property
registration documents reviewed by Square Yards. The
transaction included a stamp duty payment of Rs. 9.60 crore and a registration
fee of Rs. 30,000.
Panasonic Life Solutions India Pvt Ltd., a wholly
owned subsidiary of Panasonic Corporation, is a leading player in India's
electrical construction materials industry. Formerly known as Anchor
Electricals, the company has been a pioneer in modular and non-modular switches
since 1963. It offers a diverse range of wiring devices, fans, lighting, solar
equipment, switchgear, cables, and power tools. Acquired by Panasonic in 2007,
the company continues to expand with investments like its Daman facility,
focusing on advanced electrical solutions.
Data Intelligence Square Yards - Andheri East,
Mumbai
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Disclaimer:
Square Yards is a prominent player in the real estate sector, offering a
diverse range of services including consultancy, housing transactions, mortgage
advisory. home interiors & property management. To foster transparency and
inform the public about market dynamics, Square Yards publishes from
time-to-time data on property prices, major real estate deals, transaction
volumes, trends, demand/supply and future forecasts for the real estate market.
This information is obtained from public property registration records from the
state Inspector General of Registration (IGR) (source: https://igrmaharashtra.gov.in)
and RERA website (source: https://maharera.maharashtra.gov.in)
This
press release is made for the sole purpose of creating awareness about the
real-estate market among public. Square Yards makes no representations or
warranties about the accuracy, completeness, or reliability of the information.
All information is provided "as is" without guarantees of accuracy
& correctness. Square Yards shall not be liable for any errors or omissions
or commissions in the information given in press release. Square Yards shall
not be responsible for any actions taken by third parties based on this information,
and the reader of the press release is called upon to verify, confirm and
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taken based on the information given in the press release.
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Yards does not claim any affiliation or relationship with the subject
transaction or any of the parties involved in the transaction. The information
presented here is for informational purposes only. Square Yards does not claim
or imply that the transactions mentioned have been facilitated by them
