Capgemini divests Knowledge Park in major deal amid hybrid work shift
MAHARASHTRA, INDIA — Capgemini India has sold its Knowledge Park campus in Airoli, Maharashtra, India to Prime Lohegaon Infraspaces for ₹550 crore (US$61.9 million). The deal is part of the ongoing trend of corporates monetizing non-core assets in the Mumbai Metropolitan Region (MMR).
Capgemini ranked #8 in the OA500 2025, an objective index of the world’s top 500 outsourcing companies.
Capgemini’s sale reflects realignment amid hybrid work shift
Capgemini, a technology consulting firm and digital transformation and outsourcing company, employs more than 350,000 people, and still maintains its presence in more than one other Indian campus.
The Economic Times reported that the sale of the 15.38-acre Knowledge Park campus of Capgemini that houses 30,000 employees, reflects the company’s current approach to streamline its real estate presence as hybrid work arrangements become the norm.
This action aligns with the overall trend of global technology and consulting corporations consolidating their office portfolios and liquidating non-core assets in favor of larger, integrated campuses.
The property, comprising five buildings, was developed as part of Capgemini’s operations in the MMR. The sale comes amid rising trends in the real estate sector, where companies are monetizing surplus assets, as hybrid work reduces the need for extensive office space. Capgemini’s decision to divest the Thane assets reflects this strategic shift.
Expanding footprint with million-dollar acquisition
Capgemini Knowledge Park, Thane, was acquired by Prime Lohegaon Infraspaces LLP, a subsidiary of Panchshil Realty, a Pune-based company, as part of its expansion program to venture into the Mumbai market.
The acquisition will expand the company’s operations in the MMR, where continuous investment in commercial real estate, supported by infrastructure development, such as the active construction of the metro system, is underway.
In a separate report by CNBC, this purchase is a sign of confidence in the promise of the office space segment, despite the evolving dynamics of the work environment.
As demand from IT, ITES companies, global capability centers, and co-working operators has consistently been high due to steady leasing, the MMR has continued to be the focus of large-ticket commercial real estate deals.
This strategic pivot into the Mumbai market marks a significant expansion. The acquisition is a clear bet on the enduring demand for high-quality office space, even in the era of hybrid work.
