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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 authenticate the information before taking action based on the disclosed information. Square Yards shall not be responsible for the outcomes of actions taken based on the information given in the press release.
Square 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
