IndoSpace unveils 10-mn sq ft Industrial Parks

    real estate developer IndoSpace
    In a recent development, the Mumbai-based industrial real estate developer IndoSpace has planned to expand its presence in the country with the launch of five mega industrial parks, said, official sources, claiming that the company will launch one project in Narasapura near Bengaluru, one each in Badli and Bhaproda in Delhi-NCR; and two parks at Khopoli near Mumbai. Along with the recent expansion and development of its existing Ranjangaon park in Pune, these new parks will add around 10 million sq ft of logistics and light manufacturing space to IndoSpace’s portfolio. The planned growth in industrial real estate will take IndoSpace’s operational and under-development pipeline to around 30 million sq ft, catering to the rising demand in India for Grade-A warehousing and light manufacturing facilities from companies across multiple sectors. It may be recalled that IndoSpace is a joint venture between the Everstone Group, a leading India and South-East Asia-focused private equity and real estate investor, and Realterm, a US-based global industrial real estate leader.
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