Sumadhura Infracon to build 100-acre warehouse in Bangalores
Sumadhura Infracon, a Bangalore-based builder, has announced plans to develop warehousing and industrial projects in phases on a 100-acre area on the outskirts of the city. This marks the company's entry into the warehousing sector, with the first project being developed under Sumadhura Urban Infrastructure on the Hoskote Chintamani road. The project's first phase will cover 2.5 million sqft with an investment of Rs 600 crore, with plans to expand the total development to 6 million sqft by acquiring an additional 150 acres of land on the Hoskote-Chintamani Road. The company aims to build a rental yield portfolio and raise funds through lease rental discounting. Demand for industrial and warehousing space in the top five cities of India has remained strong in Q1 2023, with industrial and logistics leasing growing by 26% YoY to 8.0 million sqft. During the same period, supply increased by 28% YoY to 7.6 million sqft.
📅Published on:
15 May 2023
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Prime Minister Narendra Modi chaired the 53rd meeting of PRAGATI (Pro-Active Governance and Timely Implementation), reviewing six major infrastructure projects
The Uttar Pradesh Cabinet has approved infrastructure and industrial projects worth a combined Rs 21,608 crore, including the Rs 10,761-crore extension of the
The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) have signed a
Gradiant, the Water Layer of the AI Economy, has announced the expansion of its Global Engineering Center (GEC) in Coimbatore, growing its engineering and
The Ministry of Statistics and Programme Implementation (MoSPI) is strengthening the monitoring of Central Sector infrastructure projects through its PAIMANA
Balkrishna Industries Ltd. (BKT) is stepping up its ambitions in India’s Commercial Vehicle Radial (CVR) market. The company has strengthened its distribution
India Infrastructure Finance Company Limited (IIFCL), a wholly owned Government of India enterprise under the Department of Financial Services, Ministry of
West Bengal Chief Minister Suvendu Adhikari on Monday laid the foundation stone for Amit Metaliks Ltd's Rs 4,000 crore greenfield integrated steel manufacturing
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
