Cargo Breaking News
Hyderabad-based real estate developer Laxmi Nivasam Developers has officially announced the launch of Laxmi Logistics Parks across India starting with Chittoor, Sadasivpet & Lucknow. This marks the brand’s foray into the warehousing and logistics business.
Laxmi Logistics Park will be constructing 6.75 lakh sq. ft warehousing space across 30 acres land. Built with an investment of approx. Rs 150 crore and will create 1200 job opportunities for the people in and around these cities.Laxmi Logistics Park is expected to be the one stop solution for all top companies like Flipkart, Amazon, P&G etc., all over India.
Moreover, the company has provided the best option for investors who are looking for passive income. It offers 8-12 per cent monthly rental yield as return on investment (RoI) on purchase of 40-sq-yard land in the logistics park at an investment of Rs 5.24 lakh.
Speaking at the event, Rajendra Prasad Samundarpally, Chairman and Founder of Laxmi Nivasam Developers, said: “We are happy to launch Laxmi Logistics Park. This venture is going to change the face of Investments to the common man & is one step away from making One million Millionaires by 2035. It is going to be one of the biggest ever logistics spaces with a thought of making a common man as an owner in our company, we have started offering monthly rental incomes. Our properties are lavish and affordable for everyone. And we definitely thrive to spread aggressively across India”.
