+
Shriram Properties to sell 90 acres of land to LOGOS in Kolkata
Real Estate

Shriram Properties to sell 90 acres of land to LOGOS in Kolkata

Bengaluru-based Shriram Properties Ltd has entered into an agreement with LOGOS for a potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara in Kolkata for a logistics park.

Logos will invest about $100 million in the project, including land and development costs, and plans to construct 2.2 million sq ft of industrial and warehousing space. This will also be the company's first project in West Bengal.

LOGOS plans to create the land into a modern and sustainable logistics park.

The officials said that the company is likely to invest Rs 766 crore in the project, which could create 50,000 direct and indirect jobs in West Bengal.

Managing Director and Co-CEO of LOGOS Trent Iliffe told the media that the company is looking forward to working with SPL on this future transaction and entering West Bengal, the leading gateway to Eastern India, to bring best practices in ESG and high-quality logistics and infrastructure to this market.

Chairman and Managing Director of Shriram Properties Ltd, M Murali, told the media that LOGOS’ offered investment in Shriram Grand City would change the micro-market and allow us to realise superior value for both stakeholders of companies.

The transaction is likely to be completed in the second half of 2022-23 on fulfilment of due diligence and regulatory approvals.

Shriram Properties is now developing an integrated township project, Shriram Grand City, on 314 acres it holds at Uttarpara. Residential apartments on around 4.5 million sq ft for 5,500 families are under development, of which over 500 houses will be handed over later this year.

Image Source

Also read: Shriram Properties records Rs 13.21 cr profit in Dec quarter

Bengaluru-based Shriram Properties Ltd has entered into an agreement with LOGOS for a potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara in Kolkata for a logistics park. Logos will invest about $100 million in the project, including land and development costs, and plans to construct 2.2 million sq ft of industrial and warehousing space. This will also be the company's first project in West Bengal. LOGOS plans to create the land into a modern and sustainable logistics park. The officials said that the company is likely to invest Rs 766 crore in the project, which could create 50,000 direct and indirect jobs in West Bengal. Managing Director and Co-CEO of LOGOS Trent Iliffe told the media that the company is looking forward to working with SPL on this future transaction and entering West Bengal, the leading gateway to Eastern India, to bring best practices in ESG and high-quality logistics and infrastructure to this market. Chairman and Managing Director of Shriram Properties Ltd, M Murali, told the media that LOGOS’ offered investment in Shriram Grand City would change the micro-market and allow us to realise superior value for both stakeholders of companies. The transaction is likely to be completed in the second half of 2022-23 on fulfilment of due diligence and regulatory approvals. Shriram Properties is now developing an integrated township project, Shriram Grand City, on 314 acres it holds at Uttarpara. Residential apartments on around 4.5 million sq ft for 5,500 families are under development, of which over 500 houses will be handed over later this year. Image Source Also read: Shriram Properties records Rs 13.21 cr profit in Dec quarter

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?