Indospace Launches Industrial & Logistics Park near Bengaluru
IndoSpace, India’s largest investor, developer, and manager of Grade A industrial real estate and logistics parks, today announced the launch of their new industrial park in Narasapura, near Bengaluru. The park will boost IndoSpace’s footprint in the manufacturing and industrial destination of Karnataka, with its modern amenities catering to the rising demand for industrial warehousing and logistics across sectors. Located near National Highway 75 (NH75), Narasapura industrial area is one of the prominent regions in Karnataka. It is well connected to major consumption hubs across central, east, and northeast Bengaluru, which constitute a large percentage of the city’s population. IndoSpace Park in Narasapura is also strategically placed to offer excellent connectivity to Chennai, Tirupati, and the Hoskote-Malur industrial area. The Bengaluru warehousing market has seen 4.30 mn. sq. ft. leasing in FY-2020. By consolidating the warehousing market, developers are venturing into the city’s prominent clusters with land acquisitions for Greenfield developments and making it a preferred destination for Japanese, European and Korean companies in the electronics, FMCG, and FMCD sector. IndoSpace industrial and Logistics Park will offer Grade A infrastructure, making it the only world-class warehousing and Industrial facility of this scale in the city. Further, this park will offer superior infrastructure, amenities, and versatile solutions, making Narasapura an ideal choice for various sectors, including manufacturing, auto, auto component, and 3PL industries. Rajesh Jaggi, Vice-Chairman – Real Estate, Everstone Group, said, “By offering a solid foundation with our Grade A logistics infrastructure to customers across sectors, we aim to tap into the manufacturing boom being witnessed in the state of Karnataka. In addition, the launch of our new park in Narasapura will further help in attracting global manufacturers to the state of Karnataka.” IndoSpace has pioneered green warehousing in India. Through its commitment towards sustainability, IndoSpace continues to play an active role in the advocacy of green buildings and responsible operations. In June’21, IndoSpace also launched two parks in South India, in Vallam and Oragadam areas in Tamil Nadu, adding 118 acres to its portfolio. IndoSpace has a portfolio of over 43 million sq. ft across 41 industrial and logistics parks pan India. In 2020, it spent around $500 million across nine acquisitions. IndoSpace plans to add four million sq. ft of warehousing space by the end of 2021.
Tags : News/Views Bengaluru IndoSpace industrial Launches Logistics Park