Leading developer of industrial and logistics real estate Indospace said it has launched a new industrial park in Narasapura, near Bengaluru.
Situated on a 50-acre land parcel, located near National Highway 75, Narasapura industrial area, the park is strategically positioned and well-connected to consumption hubs across central, east and northeast Bengaluru.
It will also offer connectivity to Chennai, Tirupati, and the Hoskote-Malur industrial area.
“By offering a solid foundation with our Grade A logistics infrastructure to customers across sectors, we aim to tap into the manufacturing boom being witnessed in the state of Karnataka. In addition, the launch of our new park in Narasapura will further help in attracting global manufacturers to the state of Karnataka.”~Rajesh Jaggi, Vice-Chairman – Real Estate, Everstone Group
The company had launched two parks, in Vallam and Oragadam in Tamil Nadu, adding 118 acres to its portfolio back in June. The company has a portfolio of over 43 million sq ft across 41 industrial and logistics parks pan India.
In March, IndoSpace in a joint venture with Model Economic Township, a subsidiary of Reliance Industries Ltd, acquired 55 acres at Farukhnagar in Haryana, with development potential of 1.28 million sq ft.
In 2020, it spent around $500 million across nine acquisitions. IndoSpace plans to add four million sq ft of warehousing space by the end of 2021.
In its bid towards creating 120 million sq ft of modern logistics infrastructure across the country, the company has been setting up parks across strategically significant regions.
Indospace is Everstone Group’s industrial and logistics real estate development platform and one of the largest developer of industrial and logistics real estate in India.