Panasonic Life Solutions India Private Limited has acquired a prime land parcel worth ₹160 crore in Andheri East, Mumbai. The deal, registered in January 2025, was confirmed through property registration documents available on the website of the Inspector General of Registration (IGR) Maharashtra (https://igrmaharashtra.gov.in).
The land, measuring approximately 6,586.90 square meters (~7,877.87 square yards), was purchased from River Rose Developers LLP. As per the IGR documents, the transaction included a stamp duty payment of ₹9.60 crore and a registration fee of ₹30,000.
Located on Saki Vihar Road, Andheri East, the acquired land sits within one of Mumbai’s key commercial and residential hubs. The area offers excellent connectivity via the Western Express Highway, Metro Line 1, and proximity to both domestic and international airports. It is home to prominent business districts like SEEPZ and MIDC, alongside a well-developed social infrastructure that includes reputed schools, hospitals, and major retail destinations such as Phoenix Marketcity and Infinity Mall.
Panasonic Life Solutions India Pvt. Ltd., a wholly owned subsidiary of Panasonic Corporation, has been a key player in India’s electrical construction materials industry. Formerly known as Anchor Electricals, the company has been a leader in modular and non-modular switches since 1963. Its product portfolio includes wiring devices, fans, lighting, solar equipment, switchgear, cables, and power tools. Since its acquisition by Panasonic in 2007, the company has continued to expand its footprint in India, with significant investments such as its advanced manufacturing facility in Daman.
Commenting on the real estate landscape, 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.”
