KSH Infra to invest Rs 450 crore for industrial park in Hosur
Project will span approximately 50 acres and offer a development potential of 1.25 million sq. ft.
KSH Infra, a Pune-based developer specialising in sustainable industrial & logistics (I&L) parks for third-party logistics (3PL), e-commerce and manufacturing sectors, announced plans to invest around Rs 450 crore for its first I&L park in southern India.
The project, located in Hosur, Tamil Nadu near the new Tata Electronics facility, will cover approximately 50 acres and offer a development potential of 1.25 million sq. ft., according to a press release from KSH Infra.
The project is expected to generate employment for over 1,800 people and will attract substantial interest from industrial and warehousing clients seeking state-of-the-art infrastructure over the next 3-4 years, says the release.
“Logistics parks have become a crucial part of India's real estate infrastructure, providing businesses with cost savings and improved service quality. This project demonstrates KSH Infra’s commitment to sustainable development, vision for growth and innovation in the Industrial & Logistics real estate sector,” says Rohit Hegde, Managing Director, KSH Infra. “Our strong financial position enables us to pursue new opportunities in Chennai, Bangalore and Mumbai while leveraging our established presence in Pune. The advanced stage deals we are pursuing in these markets reflect our dedication to strategic growth and long-term success.”
Sundaresan Vaidyanathan, CEO, KSH Infra adds: “Southern India, particularly Tamil Nadu, is a key industrial powerhouse of the nation, having made significant strides in economic development. As the second wealthiest state by GDP and the most industrialised in India, it represents a prime opportunity for growth. Our growth strategy is meticulously crafted to focus on markets with genuine industrial demand. We are expanding our team in the southern region and will concentrate on the successful delivery of our projects. By actively seeking opportunities in southern cities and Maharashtra, we remain dedicated to providing top-tier industrial infrastructure that meets the evolving needs of our clients.”
The company has delivered approximately four million sq. ft. of Grade A I&L parks in Pune. This was supported by an investment of over Rs 1,200 crore in developing four I&L parks in Talegaon and Chakan (Maharashtra), the release added.