JV worth Rs 800 cr to develop industrial & logistics park in Chennai

Ample Parks, a joint venture between Mahindra Lifespaces Developers and private equity firm Actis, has acquired a 70-acre land parcel in Chennai to develop an integrated industrial and logistics park, said reports. “This is a first step for Ample Parks to develop this project at a strategic location in the thriving industrial ecosystem in Chennai,” said Raghvendra Chandak, Director – Real Estate, Actis. He added that they will be investing over Rs 800 crore in the Chennai land parcel to develop up to 2 million square feet of industrial and logistics warehousing facility for industrial players based in Mahindra World City.