18 Sep 2023

DP World has expanded its presence in India with a new 380,000-square-foot warehouse in Bhiwandi, Maharashtra. The facility, operational since September 1, 2023, can store both chemicals and non-chemicals, increasing DP World's Indian warehousing capacity to over 5 million square feet. The warehouse is divided into sections for hazardous chemicals and non-chemical storage, with advanced safety features, including temperature-controlled zones and fireproof partitions. Sustainability measures, such as a solar system, are also incorporated. This facility is expected to benefit various sectors, including agriculture, pharmaceuticals, electric vehicles, and chemical trading, and strengthen Bhiwandi's position as a warehousing hub.Read more

12 Sep 2023

LP Logiscience, the warehousing and contract logistics division of the renowned Liladhar Pasoo legacy brand, is embarking on a significant expansion in the Delhi NCR region. The move comes amidst a booming Indian warehousing sector, with LP Logiscience already operating a Grade A compliant, multi-user warehouse in Noida-Ghaziabad. They currently serve top clients in the specialty chemicals sector, leveraging specialized licenses like CTE and Fire NOC. LP Logiscience aims to double its growth in the next two years, capitalizing on a surge in warehousing transactions, reduced vacancy rates, and a shift towards third-party logistics providers in FY 2023.Read more

11 Sep 2023

Welspun One Logistics Parks (WOLP) plans to invest over Rs.600 crore in developing a Grade-A, in-city warehousing facility near Mumbai. This investment is through their Welspun One Logistics Parks Fund 2, which has already secured Rs.1,500 crore out of a Rs.2,000 crore target. The 6 lakh sq ft facility, situated on a 3.25-acre land parcel in Thane's Wagle Industrial Estate, will support urban last-mile delivery and cater to the surging demand for in-city warehousing driven by e-commerce and quick commerce services. WOLP aims to create a portfolio of 16-18 million sq ft across tier 1 and 2 cities, with an overall investment of over Rs.8,000 crore.Read more

09 Sep 2023

Global asset management firm Mirae Asset has continued its strategic investments in India's logistics and industrial real estate by acquiring an income-producing warehousing property in Bhiwandi near Mumbai. Mirae Asset Investment Managers (India) made the purchase through the Mirae Asset Credit Opportunities Fund, securing a logistics facility in BGR Logistics Park spanning 11 acres with over 5 lakh sq ft of leasable space. This marks Mirae Asset's second transaction in Bhiwandi within six months, bringing its total investment in the area to over Rs 300 crore.Read more

08 Sep 2023

EPACK Prefab, India's leading pre-engineering structure manufacturer, has achieved a significant milestone by successfully constructing 10 million square feet of industrial and warehouse buildings, valued at INR 700 crores. This accomplishment highlights the company's expertise and the booming potential of India's industrial warehouse sector. Sanjay Singhania, Managing Director of EPACK Prefab, attributes this growth to the "Make in India" campaign and increased manufacturing demand, particularly in tier 2 and tier 3 cities. With streamlined prefabricated structures, the company has gained projects from major players like Coca-Cola and more, facilitating rapid expansion in the retail and e-commerce sectors.Read more

04 Sep 2023

Mumbai-based industrial and logistics real estate developer, Prakhhyat Group, has joined forces with Morgan Stanley Real Estate Investing (MSREI) in a strategic collaboration to construct a cutting-edge Class A warehousing complex near Mumbai spanning 0.7 million sq. ft. The venture, in which MSREI will hold a 95% stake, is projected to attract an investment ranging between INR 300-350 crore. This initiative marks MSREI's inaugural foray into Mumbai's Bhiwandi sub-market. The 25-acre K Square Logistics Park will feature state-of-the-art facilities catering to diverse sectors such as e-commerce, third-party logistics, FMCG, and FMCD.Read more

31 Aug 2023

Reliance Retail Ventures Ltd, under Mukesh Ambani's leadership, plans to raise approximately Rs 3,048 crore through an infrastructure investment trust (InvIT), as per a draft document submitted to Sebi. The company, already having registered a trust with the market regulator, intends to utilize it to house the warehouse assets intended for monetization. A minimum of 25% of the trust's units will be retained by Reliance Retail, with the remaining portion open to incoming investors. The initiative aligns with the company's broader strategy of capitalizing on its warehousing and logistics assets, aiming to drive growth and innovation.Read more

17 Aug 2023

IndoSpace, a major player in India's industrial real estate and logistics sector, plans to invest over $1 billion in acquiring new warehousing and logistics assets within the next two to three years. Backed by Everstone Group, the investment aims to meet the growing demand for modern logistics facilities driven by e-commerce growth and favourable policies. IndoSpace operates through a joint venture with GLP and Realterm and plans to develop 30 million square feet of warehousing properties. The company's expansion strategy aligns with India's increasing need for industrial and warehousing spaces, driven by consumer demands and manufacturing growth.Read more

09 Aug 2023

Lucknow, the capital of Uttar Pradesh, is emerging as a prominent Industrial and Logistics (I&L) hub in Northern India, closely following Delhi-NCR, reports CBRE South Asia Pvt. Ltd. Noteworthy investments from Amazon, Mondelez, and Flipkart totalling INR 400 crore have contributed to this growth, with an additional INR 70 crore anticipated for upcoming warehouse developments. Demand for premium warehousing space in Lucknow has surged, with leasing activity increasing by an impressive 300% year-on-year to 0.18 million square feet in FY23. Factors such as competitive land prices, robust road connectivity, and supportive industrial land use classification under UPSIDA have fuelled this growth.Read more

03 Aug 2023

Prozo, a prominent player in the SME sector, has announced a strategic expansion by establishing three state-of-the-art warehouses in Bengaluru and Ludhiana. With a focus on revolutionizing the supply chain landscape, the move aims to serve a broader customer base efficiently. Equipped with cutting-edge technology and eco-friendly practices, Prozo's warehouses will ensure seamless order processing and timely deliveries, reinforcing its position as a leader in the SME supply chain space. The visionary move aligns with the growing demand for reliable supply chain solutions, further empowering SMEs to adapt to the evolving business landscape.Read more