IndoSpace partners with Model Economic Township to expand warehousing in Haryana; acquires 55 acres in Farukhnagar - NBM Media

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IndoSpace, India’s largest developer and manager of Grade A industrial real estate and logistics parks, announced the acquisition of 55 acres at Farukhnagar in Haryana. This acquisition is a joint venture with Model Economic Township Limited (METL), a 100% subsidiary of Reliance Industries Limited, and has a development potential of 1.28 million sq.ft. With this, IndoSpace has expanded its footprint in Delhi-NCR to over 480 acres across eight parks.

IndoSpace partners with Model Economic Township to expand warehousing in Haryana

The partnership reiterates the strong association between IndoSpace and METL. In 2017, IndoSpace acquired 140 acres from METL in Badli (Haryana), and the latest acquisition further strengthens the relationship.

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Lifting & Specialized Transport April-June 2021

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