+
ESR obtains 8 acres of land area from TARC Ltd in Delhi
Real Estate

ESR obtains 8 acres of land area from TARC Ltd in Delhi

Logistics real estate platform ESR has acquired around 8 acres of land from real estate firm TARC Limited to expand its operations in Delhi.

Its in-city warehouse has a development potential of around 4 lakh sq ft, located in Alipur, Delhi National Capital Region (NCR).

TARC Ltd focuses on the upper mid-income and luxury housings and will cash out non-core business. It is the second warehousing sale by the TARC.

Last year, the company sold a warehousing asset in North Delhi to BREP Asia II EIP Holding Private Limited for Rs 295 crore.

TARC continues to off-load its non-core assets, including warehousing and retail assets. The company is in talks with global funds to off-load more retail and warehousing assets.

According to a source, the company's residential market is doing significantly well, and sales have reached the 2014 level. The company wants to increase the pace of residential projects and reduce debt.

The warehousing sector in India has attracted large institutional investments, allocating new capital to the warehousing sector as demand remains strong from e-commerce and logistics firms and easing of Goods and Services Tax (GST) policies.

Sources said that these sites are suited for mid-mile logistics requirements for large e-commerce sites. ESR plans to expand its high demand in-city distribution centres. The company plans to buy both greenfield and brownfield properties over 15 acres of land.

It will set up land acquisitions to expand its portfolio and develop in-city distribution centres, with high demand from e-commerce and retail firms.

Last year, ESR had closed two land acquisitions in Gujarat and Chennai. Currently, it is present in nine cities with 16 operational sites across India, having a total gross floor area (GFA) of about 18 million sq ft.

Image Source

Also read: GIC, ESR Cayman enter $ 750 mn JV

Logistics real estate platform ESR has acquired around 8 acres of land from real estate firm TARC Limited to expand its operations in Delhi. Its in-city warehouse has a development potential of around 4 lakh sq ft, located in Alipur, Delhi National Capital Region (NCR). TARC Ltd focuses on the upper mid-income and luxury housings and will cash out non-core business. It is the second warehousing sale by the TARC. Last year, the company sold a warehousing asset in North Delhi to BREP Asia II EIP Holding Private Limited for Rs 295 crore. TARC continues to off-load its non-core assets, including warehousing and retail assets. The company is in talks with global funds to off-load more retail and warehousing assets. According to a source, the company's residential market is doing significantly well, and sales have reached the 2014 level. The company wants to increase the pace of residential projects and reduce debt. The warehousing sector in India has attracted large institutional investments, allocating new capital to the warehousing sector as demand remains strong from e-commerce and logistics firms and easing of Goods and Services Tax (GST) policies. Sources said that these sites are suited for mid-mile logistics requirements for large e-commerce sites. ESR plans to expand its high demand in-city distribution centres. The company plans to buy both greenfield and brownfield properties over 15 acres of land. It will set up land acquisitions to expand its portfolio and develop in-city distribution centres, with high demand from e-commerce and retail firms. Last year, ESR had closed two land acquisitions in Gujarat and Chennai. Currently, it is present in nine cities with 16 operational sites across India, having a total gross floor area (GFA) of about 18 million sq ft. Image Source Also read: GIC, ESR Cayman enter $ 750 mn JV

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code