₹150 Crore Navi Mumbai Land Deal to Create 1.8 Million Sq Ft Commercial Park

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Navi Mumbai: Navi Mumbai's commercial real estate landscape is set for another major addition after Kamdhenu Realities acquired a four-acre land parcel from RPG Life Sciences on Thane-Belapur Road for approximately ₹150 crore.

The site has an estimated development potential of 1.8 million sq ft and is planned to become a large-scale Grade-A commercial park combining offices, retail, food and beverage outlets and lifestyle facilities.

According to the developer, the proposed project will be designed as an integrated work-and-lifestyle destination rather than a conventional standalone office building.

The development is expected to include Grade-A corporate office spaces, high-street retail, curated F&B outlets, double-height lobbies, modern business infrastructure and lifestyle conveniences. The project is intended to cater to corporate occupiers as well as daily visitors.

The 1.8 million sq ft development potential gives the developer considerable scale to create a larger commercial destination on the four-acre parcel.

The property is located close to IKEA and opposite the upcoming Pawane railway station, adding to the strategic importance of the site.

Thane-Belapur Road has increasingly developed beyond its traditional industrial character, with IT parks, corporate offices, technology businesses and data-centre developments contributing to the area's commercial growth.

The corridor also provides connectivity to Mumbai, Thane and other parts of Navi Mumbai, while the upcoming Navi Mumbai International Airport is expected to add another important connectivity link for the wider region.

The acquisition comes as developers continue to expand their presence in Navi Mumbai's commercial property market.

Kamdhenu Realities has said that its strategy is focused on acquiring prime land along the Thane-Belapur belt and developing commercial infrastructure aimed at corporate occupiers. The company has previously developed projects including Kamdhenu 23 West, Kamdhenu Business Bay, Kamdhenu Commerz, Zion and Landmark.

The developer's latest acquisition could add a substantial amount of new office and retail inventory to the Thane-Belapur Road corridor once construction is completed.