IndoSpace expands in the north
IndoSpace, announced its expansion in the North with the launch of parks in Rajpura, Punjab and Luhari, Haryana. These new parks will boost IndoSpace’s move towards its goal to build a portfolio of 120 million square feet of modern logistics infrastructure across India. IndoSpaceRajpura, the only Grade A park in the region, is spread across 47 acres and is located at the junction of NH 44 and NH 7. Rajpura has emerged as the warehousing and logistics hub of Punjab due to its proximity to the tri-city (Chandigarh-Mohali-Panchkula) area and its well-connected rail and road links to the rest of Punjab, Himachal Pradesh, Delhi-NCR and Rajasthan. IndoSpaceLuhari III, close to the Delhi-Jaipur highway- in the heart of the warehousing hub in Gurugram (NCR), is spread across 67 acres. The site is within close proximity to several large industrial clusters, such as IMT Manesar, Dharuhera and Bhiwadi. IndoSpace currently has two operational parks in Luhari (Luhari I and Luhari II) spread across a combined area of 66 acres catering to the key markets in North India and with the new addition, IndoSpace doubles it acreage in Luhari. Earlier this year, IndoSpace announced its foray into Gujarat with the launch of its park near Bavla, Ahmedabad. IndoSpace has a portfolio of around 31 million square feet across developed and under-construction projects comprising 31 industrial and logistics parks in 9 cities. All parks are located in key manufacturing hubs - from the National Capital Region in the north to Chennai in the south - making IndoSpace the only national network in India.
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