On 27 March, Mahindra Logistics Ltd. (MLL) and Ascendas-Firstspace announced their plan to establish a new multi-client warehouse park in Talegaon, Pune, via an exchange filing.
The entire development will be spread over three phases and will cover one million sqft. The first phase, covering 0.5 million sqft, is expected to be operational by the end of 2023-24.
This is the second project in the micro-market of Ascendas-Firstspace, situated at the Ascendas-Firstspace Pune Talegaon-II Logistics Park, which spans 40 acres.
The facility will provide an A-grade warehousing capacity of one million square feet, and MLL’s inaugural Automation Technology Centre will be hosted there, which will focus on creating and deploying automation technologies such as Artificial Intelligence, Internet of Things (IoT), Robotics & Automation, ARVR, AGVs, and Blockchain.
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