Mumbai,
May 29, 2019 –
IndoSpace, India’s largest developer of
Grade A industrial real estate and
logistics parks, today announced its expansion in
the North with the launch of parks in Rajpura, Punjab and Luhari, Haryana.
These new parks will boost IndoSpace’s move towards its goal to build a
portfolio of 120 million square feet of modern logistics infrastructure across
India.
IndoSpace
Rajpura, the only Grade A park in the region, is spread across 47 acres and is
located at the junction of NH 44 and NH 7. Rajpura has emerged as the
warehousing and logistics hub of Punjab due to its proximity to the tri-city
(Chandigarh-Mohali-Panchkula) area and its well-connected rail and road links
to the rest of Punjab, Himachal Pradesh, Delhi-NCR and Rajasthan.
IndoSpace
Luhari III, close to the Delhi-Jaipur highway- in the heart of the warehousing
hub in Gurugram (NCR), is spread across 67 acres. The site is within close
proximity to several large industrial clusters, such as IMT Manesar, Dharuhera
and Bhiwadi. IndoSpace currently has two operational parks in Luhari (Luhari I
and Luhari II) spread across a combined area of 66 acres catering to the key
markets in North India and with the new addition, IndoSpace doubles it acreage
in Luhari.
“This
significant expansion showcases IndoSpace's commitment to building Grade A
logistics infrastructure to support the growth and modernization of the
nation's supply chain. IndoSpace will continue to expand across existing as
well as new markets in the future” said Rajesh
Jaggi, Managing Partner- Real
Estate, Everstone Group.
Earlier this
year, IndoSpace announced its foray into Gujarat with the launch of its park
near Bavla, Ahmedabad.
IndoSpace
has a portfolio of around 31 million square feet across developed and
under-construction projects comprising 31 industrial and logistics parks in 9
cities. All parks are located in key manufacturing hubs - from the National
Capital Region in the north to Chennai in the south - making IndoSpace the only
national network in India.
About IndoSpace
IndoSpace
(www.indospace.in) is the pioneer and largest provider of modern industrial and
logistics real estate in India and has taken total commitment to India to above
US$ 3.2 billion. Promoted by Everstone Group (www.everstonecapital.com), GLP
(www.glprop.com) and Realterm (www.Realterm.com), IndoSpace continues to
develop new facilities to cater to the needs of its clients. Its customers
include IKEA, Amazon, Nissan, DHL, DB Schenker, Delhivery, Steelcase, Ericsson,
Bosch and Aptiv. The Everstone Group is a premier India and South East Asia
focused private equity and real estate firm. GLP is the leading global provider
of modern logistics facilities and technology-led solutions. Realterm is a
multi-strategy private equity real estate operator in North America. For more
information, visit www.indospace.in
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