IndoSpace acquires land parcel in Gurugram for logistics park
The Everstone Group has 35 logistics and industrial parks
Warehouse and logistics park developer IndoSpace is in talks to acquire 135 acre land parcel in Gurugram, Haryana, for Rs 280 crore to develop a logistics park.
The land parcel along NH-8 belongs to the Uppal Group and several other partners who own stake in it.
The land parcel is located right in the middle of the upcoming Delhi-Mumbai Expressway. Ideally, the land is suitable not just for warehousing but also for integrated industrial township to promote walk-to-work.
The Everstone Group, which has 35 logistics and industrial parks, is looking to expand its presence in North India.
Indospace has also partnered with Haryana, Maharashtra, Karnataka and Tamil Nadu to develop industrial and warehousing parks.
Recently, the Haryana government allotted 180 acre land near Gurugram for Rs 550 crore to Amperex Technology (ATL), a manufacturer of rechargeable lithium ion polymer (LIP) batteries.
The state is in the process of monetising more land for building warehousing and industrial hubs.