Mahindra Lifespace, Actis Partner to Develop Chennai Industrial Park

06 Aug 2024 CW Team

Mahindra Lifespace Developers and Actis have established a joint venture platform called 'Ample Parks' to focus on the development of industrial and logistics parks, with their first project covering 70 acre in Chennai. According to a company statement, Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespace have officially launched Ample Parks, which is an Indian industrial and logistics real estate developer and operator.

The joint venture, Ample Parks, plans to acquire and develop approximately 1.5 million square metres of greenfield and brownfield sites in key Indian markets over the next few years. Its goal is to become a leading provider of industrial and logistics real estate solutions for both global and local corporations.

Actis holds the majority stake in the joint venture, while Mahindra Lifespace holds a significant minority stake. The platform is supported by an experienced management team, with Akash Rastogi appointed as Chief Executive Officer.

The venture has completed its initial acquisition of a prime 70-acre industrial land parcel within Mahindra World City in Chennai, where it plans to develop an integrated industrial and logistics park featuring institutional-grade buildings. Amit Sinha, Managing Director and Chief Executive Officer at Mahindra Lifespace, remarked that the launch of Ample Parks represents a major milestone in their commitment to developing sustainable and world-class industrial infrastructure in India.

Mahindra Lifespace's development portfolio includes 37.95 million square feet of completed, on-going, and forthcoming residential projects across seven Indian cities, as well as over 5,000 acre of on-going and upcoming projects under development or management in its integrated developments and industrial clusters across four locations.

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..