IndoSpace, an industrial and logistics real estate developer, has signed a memorandum of understanding (MoU) with the Maharashtra government at the World Economic Forum in Davos for the expansion of 100 acre in the Chakan-Talegaon area with an investment of Rs 700 crore.
The company also has plans to expand further in the Chakan-Talegaon micro-market and is in the process of acquiring another 200-250 acre through MIDC allotment and private acquisition over the next two years. With this expansion, IndoSpace said it will solidify its position as a top provider of industrial and logistics parks in the region.
IndoSpace is the largest developer and owner of Grade A industrial and logistics real estate in the country and is currently leading the market in Pune with the largest portfolio. The company manages over 500 acre across nine industrial and logistics parks in Chakan.
With nearly 10.5 million square feet of built-up space, IndoSpace’s parks are strategically located for e-commerce and 3PL companies looking to speed up distribution in the Pune region. This company has invested Rs 3,500 crore to build this portfolio.
Rajesh Jaggi, vice-chairman, Everstone Group, said this collaboration will propel IndoSpace’s expansion in the Chakan-Talegaon region, creating sustainable and efficient industrial spaces that will drive India’s economic growth.