Mumbai, 18th January 2024: IndoSpace, India’s largest developer and owner of Grade A industrial and logistics real estate, has signed an MoU with the Maharashtra Government at the World Economic Forum in Davos. The company plans to expand its footprint by acquiring approximately 100 acres with an investment of more than INR 700 crore in the Chakan-Talegaon region. This move is expected to create new job opportunities and boost the region’s economic growth.

Rajesh Jaggi, Vice Chairman – Real Estate, Everstone Group, said: “IndoSpace’s strategic approach to enhancing Maharashtra’s industrial and logistics infrastructure has strengthened further with the signing of this MoU with the Maharashtra Government. 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. We are honoured by the trust and confidence placed in our expertise and look forward to this shared vision with the government.”

IndoSpace is currently leading the market in Pune with the largest portfolio, overseeing seven Grade A Industrial and Warehousing spaces. The company manages over 500 acres across nine international-standard industrial and logistics parks in the Chakan area, making it the preferred choice for major companies for their industrial and warehousing needs. With nearly 10.5 million sq.ft. 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 impressive portfolio has been built with an investment of more than INR 3,500 crores.

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. With this expansion, IndoSpace continues to solidify its position as a top provider of industrial and logistics parks in the region.

ABOUT INDOSPACE

IndoSpace (www.indospace.in) is the largest investor, developer, and operator of grade A industrial and logistics real estate in India. IndoSpace has the largest national network of 52 logistics parks with 58 million square feet delivered/under development across 11 cities. With India’s largest and most experienced industrial real estate team, IndoSpace continues to lead the development of key logistics infrastructure for India’s economic growth. For more information, visit www.indospace.in and follow us on LinkedIn, Twitter, and Facebook.