IndoSpace announces developing warehousing and logistics parks pan India

IndoSpace announced its partnership with KSH infra to develop a portfolio of grade A warehousing and logistics parks over the next five years across the country. To develop these assets spread over 10million sq. ft., IndoSpace will be investing Rs 1,000 crore in this new alliance. The primary focus of the joint venture will be the tier I premium micro-markets including Pune, Mumbai, Delhi-National Capital Region (NCR), and Bangalore.
In this venture, KSH Infra will take the responsibility of identifying and developing the assets and will also be co-investing in the assets along with IndoSpace.
“The demand for warehousing and logistics space is high and the opportunity is enormous. As a market leader in this space, we are always looking to support India’s growth by enhancing our reach. With an established partner like KSH Infra, we are confident of tapping into the market potential,” said, Rajesh Jaggi, Vice Chairman, Real Estate, Everstone Group.