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.

8 months ago
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