NES to build 5 MW data centre in Pune, plans 100 MW expansion across India
Natural Environment Solutions (NES) is set to establish a cutting-edge 5-megawatt data centre in Pune's Hinjewadi, marking a significant investment in the city's digital infrastructure. NES plans to scale up to over 100 MW capacity across India within three years, reflecting the nation's rapidly expanding digital landscape. India's data centre market, projected to reach USD 4.7 billion by 2024, is driven by increasing internet penetration and cloud computing adoption. NES aims to revolutionise data centres with a focus on efficiency, sustainability, and security, aligning with India's goals for renewable energy and advanced digital solutions....
A.P. Moller Capital vies for a majority stake in Pristine Logistics
Pristine Logistics & Infraprojects, a prominent Indian logistics company, has caught the attention of global investment firms. Global Infrastructure Partners (GIP), backed by BlackRock, holds a 57% stake in Pristine and is looking to exit. A.P. Moller Capital has emerged as the frontrunner to acquire this majority stake for around USD 500 million, reflecting confidence in Pristine's growth potential. Other entities, including Midrail LLC and an EQT-Temasek joint venture, are also vying for the stake. Founded in 2008, Pristine has rapidly expanded, operating logistics parks and owning substantial assets. The company has been consolidating the industry, acquiring firms like Sical Logistics. Pristine's planned IPO was shelved as global investors showed interest. The Indian logistics sector's appeal has driven this investor interest in Pristine, positioning it as a key player in the evolving...
CJ Darcl logistics expands in Bangalore with 125,000 sq ft lease at IndoSpace
Bangalore's logistics sector gets a boost as CJ Darcl Logistics leases 125,000 sq ft of warehousing space from IndoSpace. The nine-year agreement, located in IndoSpace's Narasapura Industrial and Logistics Park, strategically enhances CJ Darcl's operational capabilities. This partnership leverages IndoSpace's extensive network across 11 cities, offering CJ Darcl access to efficient logistics infrastructure crucial for expanding their Warehousing and Distribution (W&D) services. The move underscores Bangalore's role as a key logistics hub in India, supporting economic growth and meeting growing demand for high-quality logistics solutions amid rising e-commerce activity....
India's warehousing sector is projected rise to 300 million sq. ft. by 2025
A new report by CREDAI and CRE Matrix forecasts robust growth in India's Grade A warehousing sector, projecting national stock to reach 300 million square feet (msf) by 2025, up from the current 216.2 msf. The surge is driven by the expanding industrial base, increasing manufacturing needs, and booming e-commerce, which requires efficient storage for nationwide order fulfilment. Rental prices for Grade A warehouses have risen by 5% in Q1 2024, with a healthy absorption-to-supply ratio indicating swift leasing and minimal vacancies. Pune and NCR lead demand, contributing 45% of Grade A space needs, with Mumbai Metropolitan Region and NCR combining for 53%. The report underscores government policies supporting the sector, including infrastructure status for logistics, GST implementation, and 100% FDI in warehousing, creating an attractive investment environment. With an anticipated 83.8 ms...
ESR Group expands presence in Tamil Nadu with INR 276 crore investment
ESR Group, a leading Asia-Pacific real estate developer, has acquired an additional 27 acres of land in Oragadam, Chennai, augmenting its existing industrial and logistics park to 107 acres. This expansion enables the development of an additional 2.5 million square feet of warehousing and industrial space, totaling an investment of over INR 276 crore (USD 33 million). Positioned strategically within the Oragadam-Sriperumbudur industrial cluster, the park aims to bolster Tamil Nadu's industrial landscape. ESR's commitment extends beyond infrastructure to creating a sustainable ecosystem, integrating green building practices to support environmental stewardship and enhance operational efficiencies for businesses in the region....
India's manufacturing sector booms as MNCs shift focus from China
India's manufacturing sector is rapidly ascending, emerging as a favored destination for multinational corporations seeking to decentralize from China. The country's proactive governmental measures, including the influential "Make in India" initiative and Production Linked Incentive (PLI) schemes, have catalyzed this shift. With a burgeoning demand for light manufacturing and warehousing spaces, sectors like engineering, automotive, electronics, and white goods are experiencing exponential growth. India's allure lies in its vast and youthful population, burgeoning domestic market, improved infrastructure through initiatives like the Delhi-Mumbai Industrial Corridor, and investor-friendly policies. The surge in foreign direct investment heralds a new era of confidence in India's manufacturing prowess, setting the stage for further expansion and global prominence....
Waverock IT park in Hyderabad sold for INR 2,200 crore to Shapoorji Pallonji Group and Allianz Real Estate (SPREF II)
Hyderabad's prominent IT park, Waverock, has changed ownership once again. A joint venture between Shapoorji Pallonji Group and Allianz Real Estate (SPREF II) exited their investment in the property, selling it for approximately INR 2,200 crore. Waverock, a Grade-A IT SEZ located in Gachibowli, spans 2.4 million square feet and houses major tech companies like Apple. This transaction, involving a new joint venture of global institutional investors, including GIC and Xander Group, marks Waverock's third ownership change in recent years. The deal underscores the continued attractiveness of India's real estate market and Hyderabad's thriving IT sector....
TREL announces strong profit growth and debt reduction in Q4 FY24
Transindia Real Estate Limited (TREL), a leading player in the Indian real estate, warehousing and commercial logistics sector, recently announced its financial results for the quarter and full year ended March 2024. The company reported a drop in sales for both the quarter and full year but was able to report a significant rise in net profits due to a divestment of completed warehousing assets that helped boost liquidity and reduce debt. TREL has a robust pipeline of new projects and this enhanced liquidity will facilitate the development of world-class logistics infrastructure across multiple locations....
Porter achieves unicorn status with over USD 1 billion valuation
Indian logistics startup Porter has become the third unicorn of 2024, valued at over USD 1 billion, amidst a tough funding environment. Uniquely, Porter achieved this through internal investments rather than traditional venture capital. Around 15-20 individuals, including possibly friends, family, or employees, bought shares from the company's ESOP for INR 25 crore (USD 3.03 million). Founded in 2014, Porter focuses on last-mile delivery with light commercial vehicles. Despite a FY23 loss of INR 175 crore (USD 21.1 million), Porter's revenue doubled to INR 1,753.8 crore (USD 212.3 million). This internal funding success offers hope for other Indian startups amid a funding slowdown....
India leads Asia-Pacific data centre growth with 950 MW capacity, set to add 850 MW in next three years
India leads the Asia-Pacific data centre growth, boasting a capacity of 950 MW, surpassing markets like Australia and Japan. The sector doubled its capacity since the pandemic, with 250 MW added in 2023 and an expected 330 MW in 2024. Mumbai dominates with 50% capacity, followed by Chennai. Emerging cities like Kochi and Jaipur attract development. With over USD 40 billion in investments and Mumbai's strategic location, the industry thrives. As supply surges, tenants gain bargaining power, with demand expected from various sectors. India's data centre sector is set for robust growth, cementing its regional leadership....
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
