Mahindra Logistics introduces bold new brand identity'
Mahindra Logistics has launched a new brand identity featuring a dynamic icon that embodies its ambition and commitment to progress. This identity unifies all business segments and emphasises the company's focus on providing customised, integrated supply chain solutions, driven by the collective strength of its employees....
IndoSpace to invest INR 4,500 crore in new logistics parks across Tamil Nadu
IndoSpace, India's largest operator of Grade A industrial and logistics real estate, has announced an increase in investment to INR4,500 crore for new logistics and warehouse parks in Tamil Nadu. This follows a INR 2,000 crore memorandum of understanding with the state government. The initiative aims to support growing sectors like automotive and electronics, create 8,000 jobs, and enhance Tamil Nadu's industrial landscape....
India's Grade A warehousing to exceed 300 million sq ft by 2025 amid strong demand
India's Grade A warehousing market is experiencing unprecedented growth, with leasing expected to exceed 45 million square feet in 2024. The first half of the year saw demand outpacing supply, resulting in a record low vacancy rate of 8.2%. Key regions like the Mumbai Metropolitan Region, Pune, and NCR account for 64% of the demand, while Bengaluru noted a remarkable 25% increase in supply. Despite high demand, Pune faces a supply shortage with a 2x demand-to-supply ratio, indicating significant development potential. The overall warehousing stock is projected to surpass 300 million square feet by 2025....
Kerala launches logistics parks to boost businesses at Vizhinjam International Transshipment Port
The Kerala government is launching a network of logistics parks to support businesses connected to the soon-to-open Vizhinjam International Transshipment Port. Covering 600 acres around Vizhinjam, Venganoor, and Balaramapuram, these parks aim to improve goods transport in the region. The project is part of Kerala's new logistics park policy, which includes acquiring 600 hectares of land through land pooling, offering benefits to landowners. The state is also conducting awareness campaigns to gain local support by highlighting job creation and regional development. Improved road and rail connections, including a coastal highway, will further boost the region's economic growth is the prediction....
Warehousing demand soars as India emerges as a global manufacturing hub
India's emergence as a global manufacturing hub is driving a significant increase in warehousing demand, with sectors related to manufacturing now accounting for 25% of total domestic warehousing demand in the first half of 2024, up from 15% in 2019. Key factors include the adoption of the "China plus one" strategy and supportive government policies like the production-linked incentive scheme. Total leasing of warehousing space reached 4.1 million square feet, with Pune, Delhi-NCR, and Kolkata showing notable growth. Regulatory reforms have attracted major investments from global manufacturers, further strengthening India's position in the manufacturing sector....
Gujarat: IndoSpace leases a 30,000-square-foot warehouse to Robinsons Global Logistics
Robinsons Global Logistics Solutions (RGL) has signed a five-year lease for a 30,000-square-foot Grade-A warehouse with IndoSpace in Bavla, Gujarat, expanding its total warehousing portfolio to over one million square feet across India. Strategically located in an industrial hub with excellent connectivity to key ports and markets, the warehouse will serve sectors such as FMCG, automotive, and e-commerce. RGL CEO Aditya Vazirani highlighted the facility's importance in boosting operational efficiency and sustainability. IndoSpace Vice Chairman Rajesh Jaggi emphasised the partnership's alignment with both companies' goals of delivering high-quality, sustainable logistics infrastructure....
Kerala launches logistics park network to boost businesses around Vizhinjam Port
The Kerala government has initiated plans to develop logistics parks across Vizhinjam and surrounding areas to support the Vizhinjam International Transshipment Port, set to begin operations next month. Spanning 600 acres, the logistics parks will streamline goods transportation via road and proposed rail links. Along with a 629-km coastal highway, these parks are expected to attract private businesses, create jobs, and boost regional economic growth. Public awareness campaigns aim to educate landowners on the benefits of land pooling to minimize opposition during land acquisition....
Sumadhura Group leases 1.8 lakh sq. ft. to NX Logistics in Bengaluru
Sumadhura Group has leased 1.8 lakh sq ft of warehousing space to NX Logistics India (Nippon Express) at its Sumadhura Logistics Park in Bengaluru. The nine-year lease agreement includes ready-to-move-in warehousing facilities. Madhusudhan G, Chairman and Managing Director, highlighted the rising demand for Grade A warehouses across various sectors, emphasising that large-scale industries like FMCG are driving this need. He noted that the FMCG sector is expected to grow into a USD 10 billion industry by 2030, underscoring the importance of high-quality warehousing solutions in supporting this expansion....
Chaitanya Projects to develop integrated logistics hubs for UPEIDA
Chaitanya Projects Consultancy Pvt. Ltd. has been appointed by UPEIDA to oversee the development of Integrated Manufacturing and Logistics Clusters (IMLCs) across 5,490 hectares in Uttar Pradesh. These clusters, located along major expressways, aim to boost infrastructure, attract investment, and create jobs. Chaitanya Projects will manage master planning, technical and financial assessments, and engineering solutions for the project. The IMLCs will feature advanced facilities, robust transport links, and reliable energy, positioning Uttar Pradesh as a competitive industrial hub. The initiative is expected to drive significant economic growth and transform the state's logistical capabilities....
Indian warehousing sector shows resilience with 8% growth in H1 2024
In the first half of 2024, India's warehousing sector had an 8% year-on-year rise in absorption, totalling 16.6 million square feet, despite a 26% reduction from the second half of 2023 due to a 74% decline in the National Capital Region. Mumbai and Pune led demand, accounting for 63% of total absorption, while Chennai saw a 191% increase thanks to a low base effect. Foreign investors drove investments in the sector, which totalled USD 1.6 billion, a 4.5-fold increase from the previous year. Experts foresee more growth as a result of government initiatives targeted at lowering logistical costs and improving infrastructure....
This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Prop News Time reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Prop News Time for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Prop News Time will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 (“RERA”) and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Prop News Time accepts no responsibility for keeping the information on this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Prop News Time does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention of third-party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Prop News Time accepts no responsibility for the content, reliability and information provided on these third-party websites. Prop News Time will not be held liable for any personal information or data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Prop News Time is not liable for the same. All details in the form of news stories, photos and videos provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. This Site is for guidance only. Your use of this Site – including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional–client relationship between you and Prop News Time. Prop News Time cannot accept you as a client until certain formalities and requirements are met.
Cookie Disclaimer
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy
