Realty woes and market opportunity
What the real estate sector has been working on to stay afloat and do better. July 2020
IndoSpace Industrial and Logistics Park Becharaji is spread over 40 acre and is situated closer to the Becharaji-Mandal Special Investment Region. The location offers ease of connectivity through direct access from the Becharaji-Surendranagar State Highway (SH-19) and is also in proximity to the ports of Kandla (310 m) and Mundra at (275 km). Becharaji is developing into one of the largest industrial manufacturing hubs for car and two-wheeler manufacturers and is also home to a Japanese industrial cluster.
IndoSpace Industrial Park Anantapur, in Andhra Pradesh, offers Grade-A industrial and warehousing facilities spread over 30 acre. The park is located close to NH-44 (Bengaluru-Hyderabad Road) and is well connected to Krishnapatnam Port (351 km) as well as Bengaluru Airport (132 km).
Spread over 50 acre, IndoSpace Logistics Park Taor, is situated near the Kundli-Manesar-Palwal (KMP) Expressway, NH 248A (Sohna-Gurgaon) and NH-48 and is close to the consumption markets of Gurugram, New Delhi and the rest of North India. The region is emerging as a major warehousing cluster in the NCR with major companies operating out of this area catering to the markets of the northern (Himachal Pradesh, Punjab, Haryana, Uttar Pradesh) and western (Rajasthan) regions.
“As a national developer, we strive to provide modern logistics and warehousing facilities across strategic and significant locations,” says Rajesh Jaggi, Vice-Chairman-Real Estate, Everstone Group. “The launch of these three parks marks IndoSpace’s rapid growth in laying down a strong foundation for Grade-A logistics infrastructure across the country. The year 2019 was significant for us where we entered into new markets as well as expanded in existing ones. We wish to carry the same momentum in this new year.”
IndoSpace has a portfolio of around 34.5 million sq ft across developed and under-construction projects comprising 34 industrial and logistics parks in nine cities.