NDR InvIT Trust has acquired a Grade-A industrial and warehousing portfolio worth INR 706.1 crore, adding 2.01 million square feet of fully operational properties in Surat, Hyderabad, Bengaluru, and Pune. The deal, financed through cash and a preferential issue, includes fully occupied assets with marquee tenants and a weighted average lease expiry of 15.4 years. This acquisition increases the trust's gross asset value by 15.22 percent and operational area by 12 percent to 19 million square feet. It also strengthens its presence in Bengaluru and Pune while entering new markets, aligning with India's infrastructure growth and supply chain modernisation efforts.Read more

IEL Limited has announced a rights issue to raise INR 44.56 crores through the issuance of 10,01,28,990 fully paid-up equity shares, priced at INR 4.45 each. The initiative supports the company's expansion into warehousing and logistics, with 29,800 square meters of land acquired in Lucknow to build advanced storage facilities, including smart warehouses and cold storage units, catering to sectors like retail and pharmaceuticals. Despite a 56.16% rise in FY24 net sales to INR 17.26 crore, net profit declined to INR 0.26 crore. The move aims to enhance shareholder value and leverage market growth for logistics and warehousing solutions.Read more

The International Finance Corporation (IFC) has invested USD 75 million in NDR InvIT Trust, marking India's first-ever Sustainability-Linked Bond (SLB) issuance by an Infrastructure Investment Trust (InvIT). The funds will expand NDR's warehousing operations, achieve EDGE Certification for green building standards, and reduce greenhouse gas emissions and water consumption. With warehousing space projected to grow from 300 million sq ft in FY23 to 500 million sq ft by 2030, the initiative sets a benchmark for sustainable infrastructure development in India. IFC's support includes ESG target achievement and gender-inclusive practices, aligning with India's climate and economic goals.Read more

The Uttar Pradesh cabinet has launched the Multi-Modal Logistics Park Policy-2024 to attract investments in the logistics sector. Key incentives include a 30% upfront land subsidy for logistics parks on government-leased plots and a 100% stamp duty exemption. Investors must commence operations within the stipulated timeframe or face subsidy recovery with 12% interest, ensuring timely execution. Exemptions from internal development charges further reduce setup costs. The policy aims to enhance infrastructure, generate employment, and streamline processes while maintaining accountability through interdepartmental evaluations. This initiative positions UP as a logistics hub, driving economic growth and supply chain efficiency.Read more

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KSH Integrated Logistics, a leading 3PL fulfillment company in India, has inaugurated a state-of-the-art 15,000 sq. ft. multiclient warehouse in Jaipur's Vishwakarma Industrial Area. The facility is designed to meet the growing demand for shared, compliant warehousing solutions across sectors like FMCG, automotive, and consumer durables. Strategically located in a logistics hub, the warehouse boasts advanced safety features and a robust Warehouse Management System (WMS), ensuring efficiency, safety, and scalability for its clients.Read more

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Sumadhura Group has launched a premium 180,000 sq. ft warehousing facility for Zepto and NX Logistics India at Sumadhura Logistics Park, Bengaluru's largest Grade-A+ warehousing hub. Spanning 100 acres, the park aims to deliver 2.5 million sq. ft of space in its first phase with a INR 600 crore investment, expanding to 6 million sq. ft. Zepto's new facility, subleased through NX Logistics, will enhance its supply chain efficiency and support growth. Currently, 500,000 sq. ft is operational, with 300,000 sq. ft more to be completed by March 2025, reinforcing Sumadhura Group's role in Bengaluru's logistics infrastructure development.Read more

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Blackstone Group has acquired 5 million sq. ft of leased warehousing assets from LOGOS India for INR 1,725 crore, strengthening its position as India's largest logistics property owner with a 55 million sq. ft portfolio. The assets, located in Chennai and Luhari, Haryana, have over 95% occupancy and generate INR 125 crore annually in rental income. Tenants include Mahindra Logistics, Delhivery, and HealthKart. This acquisition, driven by India's robust infrastructure growth, aligns with initiatives like 'Make in India' and PLI schemes, reflecting the rising demand for Grade-A logistics assets and reinforcing the country's supply chain expansion.Read more

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Alta Capital, the Indian partner of Singapore-based Hillhouse Investments, has acquired a 2.5 million square foot leased warehousing portfolio from IndoSpace for approximately USD 100 million. IndoSpace, India's largest industrial and logistics real estate operator, owns over 58 million square feet across 11 cities, backed by global investors like Everstone and CPPIB. The acquired assets, located in Pune and Sri City, cater to blue-chip tenants in manufacturing, e-commerce, and 3PL sectors. This deal, Alta Capital's second core investment in the sector, highlights growing global interest in India's logistics market and aims to expand Alta's portfolio to over 11 million square feet.Read more

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Macrotech Developers has entered into a share purchase agreement with Phoenix Logistics and Industrial Parks to acquire the entire 100% stake in Janus Logistics and Industrial Parks (JLIPPL) for a total of INR 47.94 crore. This move will make JLIPPL a wholly-owned subsidiary of Macrotech Developers. The acquisition is part of the company's strategy to focus on digital infrastructure, particularly in industrial and logistics sectors. JLIPPL is known for its involvement in the construction and development of warehousing and logistics assets.Read more

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Mumbai will host India's largest single-location Grade A warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) SEZ in Navi Mumbai. The park spans 4.45 million square feet, featuring 3.95 million square feet of warehousing, 0.25 million square feet each for offices and industrial space, and parking for over 600 trucks. Strategically located near JNPA, highways, and the upcoming Navi Mumbai Airport, it will benefit businesses in sectors like chemicals, FMCG, and pharmaceuticals. Offering GST exemptions and logistical cost savings of up to 15%, the facility aims to enhance port efficiency, support exports, and create over 5,000 jobs.Read more