IndoSpace signs MoU with Maharashtra govt
The MoU has been signed at the WEF, the company plans to invest more than Rs 700 crore in the Chakan-Talegaon region
IndoSpace, a company in industrial and logistics real estate in India has signed an MoU with the Maharashtra Government at the World Economic Forum in Davos, Switzerland. The company is also planning to expand its operational presence by acquiring approximately 100 acres with an investment of more than Rs 700 crore in the Chakan-Talegaon region in Maharashtra.
“IndoSpace’s strategic approach to enhancing Maharashtra’s industrial and logistics infrastructure has strengthened further with the signing of this MoU with the Maharashtra Government. This collaboration will propel IndoSpace’s expansion in the Chakan-Talegaon region, creating sustainable and efficient industrial spaces that will drive India’s economic growth. We are honoured by the trust and confidence placed in our expertise and look forward to this shared vision with the government,” says, Rajesh Jaggi, Vice Chairman - Real Estate of Everstone Group.
The company manages over 500 acres across nine international-standard industrial and logistics parks in the Chakan area in Pune, with nearly 10.5 million sq. ft. of built-up space, IndoSpace’s parks are located for e-commerce and 3PL companies looking to speed up distribution in the Pune region. This portfolio has been built with an investment of more than INR 3,500 crores, according to the release.
IndoSpace aims to grow its footprint in the Chakan-Talegaon micro-market. Over the next two years, the company intends to secure an extra 200-250 acres through a blend of MIDC allotment and private acquisitions, says the release.