19 Nov 2024

Bhutani Infra has bought the 'Logix City Centre' in Noida for an estimated INR 1,000 crore, which includes renovation expenses. The 1.2 million square foot project comprises retail spaces, offices, and a hotel. CEO Ashish Bhutani confirmed the purchase from PAG and the Logix group promoters, and the property will now be rebranded as 'Bhutani City Centre 32.' This acquisition strengthens Bhutani Infra's portfolio in the Delhi-NCR commercial market and reflects its strategy to offer integrated spaces that combine work, leisure, and lifestyle. The move aligns with the company's vision to meet the evolving demands of modern consumers.Read more

18 Nov 2024

In a strategic move to strengthen its presence in the industrial and logistics (I&L) sector, Macrotech Developers Ltd., has acquired Bain Capital's stake in three digital infrastructure entities under the Lodha Industrial and Logistics Park (LILP) brand for INR 307 crore. This acquisition aims to fuel Lodha's annuity income growth and bolster its digital infrastructure capabilities. The acquisition builds on a previous purchase from Ivanhoe Warehousing India Inc., marking a significant step in Lodha's digital infrastructure strategy.Read more

12 Nov 2024

Rhenus Group, a global logistics provider, is enhancing its operations in India by focusing on smaller towns to meet the growing demand for efficient logistics solutions. Since entering India via a joint venture in 2010, the company has expanded its service offerings, which include transport, warehousing, customs clearance, and value-added services. With a strong workforce and extensive global presence, Rhenus aims to support key sectors such as automotive and healthcare, positioning itself to respond effectively to the evolving needs of various industries.Read more

11 Nov 2024

Transindia Real Estate reported a significant decline in consolidated net profit for the quarter ending September 30, falling to INR 7 crore from INR 79 crore last year, primarily due to exceptional gains from previous divestments. Revenues also dipped by 5%, totaling INR 26 crore. Despite these challenges, Managing Director Jatin Chokshi highlighted the company's strong portfolio with potential annual rental income of INR 65 crore. Transindia is strategically investing in new land parcels for projects in major cities and diversifying its portfolio to include residential real estate, positioning itself to meet growing logistics demands while navigating a competitive market.Read more

31 Oct 2024

Hindustan Unilever (HUL) has leased a 600,000 sq. ft. warehousing facility in Bhiwandi, near Mumbai, for over seven years, marking one of the largest warehousing transactions in the Mumbai Metropolitan Region (MMR). The deal includes an initial monthly rent of over INR 1.5 crore, with a 5% annual increase, totaling over INR 150 crore throughout the lease. This facility will enhance HUL's logistics and distribution network, supporting demand in and around MMR. As FMCG companies focus on efficient supply chain management, this move strengthens HUL's logistics capabilities, positioning the company to better serve both urban and rural markets.Read more

29 Oct 2024

Kaushalya Logistics Limited has launched a new depot in Amritsar, Punjab, aimed at improving the distribution of JK Cement products across the region. This facility will expedite deliveries and enhance operational efficiency, supporting KLL's growth strategy in northern India. With increased capacity, the depot allows KLL to serve existing clients better and attract new ones, including major players like Adani. Managing Director Mr. Uddhav Poddar highlighted that the depot reinforces collaboration with JK Cement and aligns with KLL's vision for nationwide expansion. Overall, this initiative significantly strengthens KLL's market presence and commitment to growth in the logistics sector across India.Read more

18 Oct 2024

Mahindra Logistics has launched a new brand identity featuring a dynamic icon that embodies its ambition and commitment to progress. This identity unifies all business segments and emphasises the company's focus on providing customised, integrated supply chain solutions, driven by the collective strength of its employees.Read more

14 Oct 2024

IndoSpace, India's largest operator of Grade A industrial and logistics real estate, has announced an increase in investment to INR4,500 crore for new logistics and warehouse parks in Tamil Nadu. This follows a INR 2,000 crore memorandum of understanding with the state government. The initiative aims to support growing sectors like automotive and electronics, create 8,000 jobs, and enhance Tamil Nadu's industrial landscape.Read more

10 Oct 2024

India's Grade A warehousing market is experiencing unprecedented growth, with leasing expected to exceed 45 million square feet in 2024. The first half of the year saw demand outpacing supply, resulting in a record low vacancy rate of 8.2%. Key regions like the Mumbai Metropolitan Region, Pune, and NCR account for 64% of the demand, while Bengaluru noted a remarkable 25% increase in supply. Despite high demand, Pune faces a supply shortage with a 2x demand-to-supply ratio, indicating significant development potential. The overall warehousing stock is projected to surpass 300 million square feet by 2025.Read more

07 Oct 2024

The Kerala government is launching a network of logistics parks to support businesses connected to the soon-to-open Vizhinjam International Transshipment Port. Covering 600 acres around Vizhinjam, Venganoor, and Balaramapuram, these parks aim to improve goods transport in the region. The project is part of Kerala's new logistics park policy, which includes acquiring 600 hectares of land through land pooling, offering benefits to landowners. The state is also conducting awareness campaigns to gain local support by highlighting job creation and regional development. Improved road and rail connections, including a coastal highway, will further boost the region's economic growth is the prediction.Read more