ESR, a leading Asia–Pacific real asset owner and manager, has acquired a 60-acre land parcel in Talegaon, Pune, to develop a large-scale industrial and logistics park with an estimated investment of around Rs 6.5 billion, strengthening its aggressive India expansion strategy.

With a development potential of 1.35 million sq ft, the project will comprise six Grade-A industrial and logistics buildings designed for sectors including automotive, FMCG, logistics, e-commerce and advanced manufacturing.

Abhijit Malkani, CEO of ESR India, said India’s strong economic growth and rapid manufacturing expansion continue to drive demand for high-quality industrial infrastructure. Maharashtra, he noted, remains one of ESR’s fastest-growing markets, supported by a robust talent ecosystem and strong long-term industrial prospects.

Malkani added that the ESR Talegaon Industrial & Logistics Park aims to improve connectivity, boost supply chain efficiency and offer sustainable infrastructure that creates long-term value for occupiers and surrounding communities.

The Talegaon site benefits from strong connectivity through NH-48, the Mumbai–Pune Expressway and the new Talegaon–Chakan Road, providing direct access to Mumbai, Pune, Jawaharlal Nehru Port and major manufacturing hubs. The strategic location and skilled local workforce make it well suited for industrial and logistics operations.

ESR has built a significant presence across western India, operating modern industrial and logistics parks across 480 acres from Ahmedabad to major hubs in Maharashtra such as Nagpur, Ranjangaon, Chakan, Taloja and Bhiwandi.

The Talegaon acquisition comes shortly after ESR purchased an 85-acre land parcel in Hosur, Tamil Nadu, to develop a 2.1-million-sq-ft industrial and manufacturing park. ESR now operates 24 industrial and logistics parks across India.

India’s manufacturing upcycle — driven by Make in India, localisation efforts and a shift towards high-value exports — is drawing strong investor interest in compliant, modern industrial and logistics infrastructure. Pune, in particular, has become a fast-growing manufacturing hub, fuelling demand for Grade-A warehousing and factory space.

ESR’s latest investment highlights continued confidence in India’s expanding industrial corridors and the sustained need for world-class logistics infrastructure.