ESR Group, in a statement, said that it has acquired 58 acre of land in Nagpur with a total development potential of 1.4 million square feet.
The company also plans to look at Cognizant’s proposed sale of assets when it comes up
The projects are being undertaken as part of the memorandum of understanding with the Tamil Nadu government to invest Rs 2,500 crore in the state over five years.
Panattoni, a global leader in industrial & logistics real estate development, has debuted in the Asian market with its entry in India. Indian venture, Panattoni India Development Pvt Ltd, is headquartered in Bengaluru.
Each of the three partners will have around 33% equity interest in the property ownership, whilst Lodha will lead the development, operations and management of the assets, the company said.
The projects will be executed under Welspun One's first Alternate Investment Fund (AIF) product ''Welspun One Logistics Parks Fund I'', launched earlier this year, a company statement said.
CapitaLand is one of Asia’s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio worth about Singapore dollar (SGD) 137.7 billion as at March 31, 2021.
Jayesh Ranjan, principal secretary, Telangana IT and Industries, said these parks, to be set up separately by th firms, have attracted the attention of some major global and domestic logistics players.
The hub will be spread over an area of 600 acres near Gurugram, and the public-private project is expected to generate employment for six lakh people, it said.
Embassy Group, a leading Indian property developer, today signed an MoU with the Government of Tamil Nadu at the Tamil Nadu Global Investors Meet ...
Leading integrated supply chain and logistics solutions provider Transport Corporation of India (TCI) today said it is eyeing up to 20% growth in revenue this fiscal and is planning to invest Rs 100 crore for expansion.
Transport Corporation of India (TCI) today said it will invest up to Rs 300 crore to develop 20 integrated logistics parks, and commercial and residential properties in the next 3 to 4 years.