AA Holdings has partnered with Logiy Spaces to build ₹400 crore Industrial and Logistics Park in Karnataka. The project, spreads across one million square feet and will come up in the Narsapura suburbs and is scheduled for completion by September next year. With this project, e-commerce, third-party logistics, and companies in other sectors will find more avenues to expand their reach in the state. The project has already received soft commitments from scores of global marquee clients. Narasapura is one of the biggest industrial regions in Karnataka, under the district jurisdiction of Kolar, and is well connected to Kolar, Malur, Hoskote, Bengaluru, Chennai, and Chittoor. The two companies plan to further expand their partnership under the new initiative and aim to deliver a minimum of 5 million sq ft by 2024, with an estimated capital infusion of $200 million. According to the MD of Logiy Spaces India, BR Venkatesh Kumar, with this joint venture, they will be creating immense opportunities for small and micro landowners and elevate them into becoming quality developers, catering to the economic growth of the country. Both domestic and international investors have evinced keen interest in Indian warehousing and industrial space.
📅Published on:
29 September 2022
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