15 Jan 2024

LogiMAT India 2024, scheduled for February 28 to March 1, 2024, at India Expo Mart in Delhi NCR, is poised to be a transformative event in India's logistics sector. Aligned with the National Logistics Policy and Gati Shakti initiatives, the exhibition will feature industry leaders showcasing cutting-edge technologies and innovations. With the logistics sector contributing significantly to India's GDP and employment, LogiMAT India 2024 is a catalyst for industry transformation, exploring concepts like AGV, AMR, and autonomous vehicles. Supported by key government initiatives, the event provides networking opportunities and recognizes excellence in logistics through the LogiVerse Innovation and Excellence Awards.Read more

12 Jan 2024

CapitaLand Investment Limited (CLI) plans to spend more than USD 750 million in Chennai's real estate over the next five years, with a concentration on business parks, data centers, and logistics. The expansion follows three MoUs inked at the Tamil Nadu Global Investors Meet 2024. CLI's wide portfolio, which includes the International Tech Park Chennai, demonstrates its commitment to India's progress. CLI's strategic efforts, such as the introduction of CapitaLand India Growth Fund 2 and plans for new data centers, demonstrate the company's confidence in Chennai's market potential as well as its overall commitment to innovative and sustainable real estate development.Read more

02 Jan 2024

In 2023, India's industrial and logistics sector experienced significant growth. Absorption increased by 6.7% to 49.4 million sq. ft., predominantly in Tier I cities. Major developers responded with a supply of 62 million sq. ft., focusing on Grade A spaces. The 3PL sector led with 39% absorption, while e-commerce expanded into Tier II & III cities. The manufacturing sector saw notable growth, contributing 27% to absorption. The increased demand for Grade A spaces hinted at the evolving preferences towards ESG standards. Rental values are expected to marginally rise by 2-6% in 2024, marking a transformative year for the industry.Read more

28 Dec 2023

Skechers, the American footwear giant recently inaugurated a massive 600,000 square feet national distribution centre in Mumbai, India, at the Lodha Industrial and Logistics Park in Kalyan. Part of a broader project, this facility is designed to optimize supply chain operations, capable of dispatching 60,000 units daily. The warehouse boasts Free Movement (FM1) super flat flooring, a first in western India, enhancing shipment movement. Meeting IGBC Platinum pre-certification, it aligns with sustainability standards. Skechers executives noted India's status as one of their fastest-growing markets, expressing plans to localize production. The move reinforces Skechers' commitment to growth and sustainability, setting industry benchmarks in India.Read more

26 Dec 2023

Welspun One, a major in industrial real estate, is set to invest Rs 700 crore in building a 1.2 million sq. ft. industrial and logistics hub within the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) near Mumbai. This strategic partnership with JNPA aims to create futuristic infrastructure leveraging their respective strengths. The project is financed through debt and equity. Welspun One is near JNPA Port, which handles 35% share of India's container cargo. The initiative reflects Welspun One's commitment to transforming India's trade landscape and socio-economic development, marking the second deployment from its Rs 2,000-crore Fund 2.Read more

23 Dec 2023

WSB Real Estate Partners, an alternative asset manager, plans to invest Rs 1,200 Crore in the Indian warehousing sector over the next two years, covering nearly 4 million sq ft. Engaging developers in major cities, the company is eyeing projects in Mumbai, Delhi-NCR, Chennai, and Bengaluru. Collaborating with Panattoni, WSB has invested Rs 110 crore in its first 16-acre warehousing park in Delhi-NCR, targeting completion by March 2025. With 3-4 deals in the pipeline (Rs 500-700 crore), WSB aims to solidify its real estate presence. With total assets currently over Rs 2,200 crore, WSB sees promising prospects in warehousing and logistics, citing strong infrastructure and favourable government policies.Read more

16 Dec 2023

The National Highways Authority of India (NHAI) has formalized an agreement with DC Multi Modal Park (Nagpur) to develop a Rs. 673 crore Multi-Modal Logistics Park (MMLP) in Nagpur, covering 150 acres. Aligned with the PM Gati Shakti National Master Plan, this project is a crucial component of the Bharatmala Project, aiming to enhance India's freight logistics sector. The strategic location, proximity to transportation hubs, and phased development approach underscore the significance of the Nagpur MMLP in fostering efficient multimodal connectivity and contributing to the broader vision of logistics infrastructure development in the country.Read more

08 Dec 2023

Panattoni, a prominent global industrial real estate developer, has announced its entry into the Indian market with the launch of its first project, Panattoni Park NH71, in Delhi NCR. The company is collaborating with an institutional investor and has committed an investment of INR 110 crores in the project's first phase. This marks the beginning of Panattoni's ambitious projects in India, with a total investment plan of 100 million euros over the next year. The Phase 1 launch covers 717,000 square feet and is strategically located along National Highway 352 in Delhi-NCR, close to major warehousing clusters and industrial hubs. The project underscores Panattoni's commitment to environmental, social, and governance (ESG) practices and its aim to contribute to India's industrial growth.Read more

25 Nov 2023

CBRE South Asia Pvt. Ltd reports that Kolkata's Industrial and Logistics (I&L) sector is poised for a 5-year high supply in 2023, reaching approximately 5.2 million sq. ft. The completion of pent-up projects in the city and its peripheries contributed to this surge. Kolkata's strategic location as an entry point to the east and access to land-locked countries enhances the I&L sector, with leasing expected to reach 3.5 million sq. ft. in 2023. The city's potential for industrial and commercial development is concentrated in NH-2, NH-6, and Taratala regions, particularly in Dankuni, Singur, and evolving areas like Uluberia.Read more

22 Nov 2023

In a move that promises to reshape the landscape of industrial and logistical infrastructure, TVS Industrial and Logistics Parks Pvt Limited (TVS ILP) has proudly unveiled a transformative strategic partnership with Lingotto, a distinguished investment management company under the esteemed Exor N.V. umbrella. This significant collaboration has been set into motion through a secondary stake sale, marking a pivotal moment in TVS ILP's journey towards excellence in the logistics sector.Read more