IndoSpace, India’s largest developer and owner of Grade A industrial and logistics real estate, has signed an MoU (Memorandum of Understanding) with the Maharashtra government to invest an estimated INR 700 Crore towards acquiring an anticipated 100 Acres of land. The company plans to expand its logistics footprint in the state through the investment.
The company also has plans to expand further in the Chakan-Talegaon micro-market and is in the process of acquiring another 200-250 Acres through MIDC allotment and private acquisition over the next 2 years. The initiative aims at creating sustainable and efficient industrial spaces that will drive India’s economic growth.
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IndoSpace is currently leading the market in Pune with the largest portfolio. The company manages nearly 500 Acres and approximately 10.5 Mn SqFt of built-up space across nine international-standard industrial and logistics parks.
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