Actis and Mahindra Lifespaces inks JV for industrial and logistics realty
Ashish Singh, Partner and Head of India and SE Asia Real Estate, Actis, said, “The warehousing sector in India is in early stages of a transformation, rapidly gaining scale while also undergoing modernisation. As experienced builders and operators of sustainable new economy real estate, Actis sees enormous growth potential in the sector as India grows to become the third largest consumption economy globally by the turn of this decade.”
“We are witnessing strong and accelerating demand for Grade A warehousing and manufacturing facilities from both multinational and Indian clients. With our experience in building and operating thriving integrated cities and industrial parks and our ready-to-market plug-and-play infrastructure in Mahindra World Cities in Chennai and Jaipur, we are well-positioned to cater to this demand,” added Arvind Subramanian, MD and CEO, Mahindra Lifespaces.