Batilogistic & Lodha To Develop 30 Acres Land At Palava, Mumbai

Batilogistic and Lodha sign a deal of INR 106 Cr to develop 30 acres land parcel at Palava Industrial and Logistics Park for FM Logistic India, with a total development potential of around 1 million square feet of warehousing space. This agreement is strategically sig

BY Realty Plus
Published - Tuesday, 06 Apr, 2021

Batilogistic & Lodha To Develop 30 Acres Land At Palava, Mumbai

Batilogistic and Lodha sign a deal of INR 106 Cr to develop 30 acres land parcel at Palava Industrial and Logistics Park for FM Logistic India, with a total development potential of around 1 million square feet of warehousing space. This agreement is strategically signed to catalyse the job market in the region. Further expanding FM Logistic India’s businesses, Batilogistic will undertake the development of this land parcel in phases over next 3-4 years. This development is part of the 290 acre Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha. Batilogistic, the real estate sister company of FM Logistic, has global expertise in the construction and maintenance of state-of-the-art Grade A warehouses. All warehouses constructed by Batilogistic are LEED certified and FM Global certified thus, facilitating optimal operational, environmental and cost efficiencies. Palava Industrial and Logistics Park is now emerging as a world-class hub in the Mumbai region driven by its high quality infrastructure, well planned parks and proximity to Navi Mumbai, JNPT port and upcoming international airport. Also, the park benefits from its easy connectivity to the full social eco-system of Palava City. The park offers a range of options including built to suit structures, standard structures and land parcels. There is a need for grade-A warehousing, where consumers are looking for state-of-the-art fulfilment centres that are able to cater to the needs of various business, reduce delivery times, and use tech to enable cost efficiencies that can help brands to scale the growing demand of goods across India. The MMR region is the second largest Grade A warehousing hub in India as of 2019. Amongst all the primary industrial regions within MMR, Palava has developed as one of the preferred locations for logistics and value added industries with the upcoming ~ 800 acre logistic and industrial park.