Transindia Real Estate expands warehousing portfolio in key markets in India
PNT Bureau
Transindia Real Estate reported a significant decline in consolidated net profit for the quarter ending September 30, falling to INR 7 crore from INR 79 crore last year, primarily due to exceptional gains from previous divestments. Revenues also dipped by 5%, totaling INR 26 crore. Despite these challenges, Managing Director Jatin Chokshi highlighted the company's strong portfolio with potential annual rental income of INR 65 crore. Transindia is strategically investing in new land parcels for projects in major cities and diversifying its portfolio to include residential real estate, positioning itself to meet growing logistics demands while navigating a competitive market....
Hindustan Unilever expands logistics network with 600,000 sq. ft. Bhiwandi warehousing facility
PNT Bureau
Hindustan Unilever (HUL) has leased a 600,000 sq. ft. warehousing facility in Bhiwandi, near Mumbai, for over seven years, marking one of the largest warehousing transactions in the Mumbai Metropolitan Region (MMR). The deal includes an initial monthly rent of over INR 1.5 crore, with a 5% annual increase, totaling over INR 150 crore throughout the lease. This facility will enhance HUL's logistics and distribution network, supporting demand in and around MMR. As FMCG companies focus on efficient supply chain management, this move strengthens HUL's logistics capabilities, positioning the company to better serve both urban and rural markets....
Kaushalya Logistics opens Amritsar facility, boosting cement distribution and expanding presence
PNT Bureau
Kaushalya Logistics Limited has launched a new depot in Amritsar, Punjab, aimed at improving the distribution of JK Cement products across the region. This facility will expedite deliveries and enhance operational efficiency, supporting KLL's growth strategy in northern India. With increased capacity, the depot allows KLL to serve existing clients better and attract new ones, including major players like Adani. Managing Director Mr. Uddhav Poddar highlighted that the depot reinforces collaboration with JK Cement and aligns with KLL's vision for nationwide expansion. Overall, this initiative significantly strengthens KLL's market presence and commitment to growth in the logistics sector across India....
Mahindra Logistics introduces bold new brand identity'
PNT Bureau
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
PNT Bureau
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
PNT Bureau
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
PNT Bureau
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
PNT Bureau
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
PNT Bureau
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
PNT Bureau
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....
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