UK-based Actis and Mahindra Lifespaces form joint venture Ample Parks to develop industrial and logistics real estate in India.

UK-based Actis and Mahindra Lifespaces form joint venture Ample Parks to develop industrial and logistics real estate in India. Their first project, a 70-acre site in Chennai, will invest ₹800 crore in 2 million sq ft of Grade A industrial space. Ample Parks aims to develop 15-17 projects across Tier 1 and 2 cities, targeting 1.5 million sq meters of greenfield and brownfield sites. The venture plans to capitalize on the growing Indian logistics market and the shift of manufacturing capacity from China.

August 05, 2024
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