FM Logistic India's realty arm Batilogistic has purchased 30 acres of land in Mumbai region from Lodha Developers for Rs 106 crore to develop a warehousing project. Batilogistic and Lodha group have signed a Rs 106-crore deal to develop 30 acres land parcel at Palava Industrial and Logistics Park for FM Logistic India, with a total development potential of around 1 million sq ft of warehousing space.
The park is located at Thane district in Mumbai Metropolitan Region (MMR).
Mumbai-based Lodha Developers, which has now been renamed as Macrotech Developers, is launching its IPO on April 7 to raise up to Rs 2,500 crore.
