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LML Realty has announced plans to develop a 45-acre industrial park in Haryana with an investment of INR 250 crore, targeting micro, small and medium enterprises (MSMEs) seeking ready industrial infrastructure for light manufacturing. Located in Jhirka Valley near the Delhi–Mumbai Expressway, the project has been approved under the Haryana government's Promoting Access and Development of MSME Advancement (PADMA) scheme. The development will offer industrial plots, plug-and-play manufacturing units and built-to-suit factory solutions, alongside integrated construction and infrastructure services. Leasing rates will begin at INR 25 per sq ft per month. The company expects the park to cater to a wide range of sectors, including engineering, automotive, pharmaceuticals, food processing, warehousing, logistics, electronics and data centres, while supporting faster operational readiness for industrial occupiers.
LML Realty is developing a 45-acre industrial park in Jhirka Valley, Haryana, with an investment of INR 250 crore, as the company expands into the industrial real estate segment targeting micro, small and medium enterprises (MSMEs). The project, announced on Tuesday, is located close to the Delhi–Mumbai Expressway and has received approval under the Haryana government's Promoting Access and Development of MSME Advancement (PADMA) scheme.
The industrial park has been planned to cater primarily to businesses engaged in light manufacturing by providing ready-to-use industrial infrastructure and flexible development options. According to LML Realty Managing Director and Chief Executive Officer Yogesh Bhatia, the company is making its first investment in the industrial park segment with the aim of addressing growing demand for organised industrial space equipped with supporting infrastructure.
Bhatia said manufacturing growth depends not only on policy initiatives but also on the availability of execution-ready industrial infrastructure. He noted that while the PADMA scheme provides incentives to MSMEs, the company's role is to complement those benefits by delivering industrial facilities that enable businesses to commence operations quickly and efficiently.
The development will offer industrial plots for businesses seeking to establish customised manufacturing facilities, alongside plug-and-play industrial units and built-to-suit factory solutions. These options are intended to provide occupiers with flexibility to either purchase land for their own developments or lease fully operational manufacturing facilities based on operational requirements.
Through its construction division, LML Contracts, the company will provide integrated project execution services covering land development, factory construction, statutory approvals and utility infrastructure under a single contract. According to the company, factory projects can be delivered within approximately 180 days, enabling faster operational commencement for industrial occupiers.
Leasing options within the industrial park will start at INR 25 per sq ft per month.
The project has been designed to accommodate a diverse range of industries, including engineering and manufacturing, automotive, pharmaceuticals, food processing, textiles, fast-moving consumer goods (FMCG), chemicals, warehousing and logistics, research and development facilities, electronics manufacturing and data centres.
The location near the Delhi–Mumbai Expressway is expected to provide improved regional connectivity for manufacturing and logistics operations by offering access to one of the country's key transport corridors.
Looking beyond its first industrial park, Bhatia said the company aims to develop 100 industrial parks across India over the next decade as part of its long-term expansion strategy. He added that LML Realty is evaluating land parcels across multiple states to support this planned growth.
The proposed Haryana project reflects continued interest among developers in expanding industrial and logistics real estate portfolios, supported by increasing manufacturing activity, infrastructure development and government initiatives aimed at strengthening India's industrial ecosystem.
Source - PTI
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