Dubai-based IndiaLand, the local division of the Americorp Group, plans to invest an estimated INR 1,500 Crore in the Indian Real Estate sector over the next three years. Currently holding assets worth nearly INR 3,000 Crore, the company plans to significantly increase this value to INR 7,000 Crore within five years.
IndiaLand is strategically expanding its office space and industrial estate portfolio across cities such as Chennai, Pune, and Coimbatore. They will commence work on Phase 1 of an industrial and logistics park close to Chennai, covering approximately 150 Acres out of 500 Acres.
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In Pune, the company plans to add 2.2 Mn-SqFt of grade A office space in Hinjewadi, in addition to the existing 0.50 Mn-SqFt of operational office space. An additional 0.8 Mn-SqFt of office space is planned for Coimbatore.
Moreover, IndiaLand is actively seeking land in Bengaluru to develop Grade A standalone office spaces. The company is targeting peripheral areas such as Whitefield, Electronic City, and near Mysore Road. IndiaLand has also signed a Memorandum of Understanding (MOU) with the Tamil Nadu Government for the development of the IndiaLand Tech Park in Coimbatore, with an investment of around INR 500 Crore.
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