March 3, 2023

Warehousing developer Pragati Group raises $200 million from Singapore-based fund

NCR-based industrial and logistics real estate developer Pragati Group, has raised $200 million of equity capital from a Private Equity fund based in Singapore.
Pragati has been offering customized warehouse development solutions since its inception in 2010 to top MNCs like Amazon India, Flipkart, DHL-Bluedart, Bosch and Daikin.
Check Our Latest Issue
Subscribe Now
The Singapore based fund has committed to invest $200 Million with Pragati Group towards development of industrial and logistics real estate assets as per the deal signed in Q3 FY 2022.
Part of the deal involved acquisition of 2 international grade operational assets of approx. 2 million sft of GLA in NCR, Pragati One & Pragati Farukhnagar Logistics Parks, providing successful exit to the previous financial partner Morgan Stanley.
Col. Jitender Yadav, founder of Pragati Group
“Pragati’s vision is to be one of the top 5 industrial & logistics real estate developers in the country by developing a portfolio spanning 30 million sq. ft across key Tier I and Tier II Indian cities with best-in-class Grade A specifications and with sustainability and ESG at the heart of our business.”
Click Here to Read More
To Read More Web Stories
Subscribe Now