Ample Parks, a joint venture between global infrastructure and energy investor Actis and real estate firm Mahindra Lifespace Developers Ltd, is planning to invest approximately Rs 8 billion in the development of an integrated industrial and logistics park with institutional-grade buildings in Chennai. To facilitate this, the company has secured a prime 70-acre industrial land parcel at Mahindra World City. Of the total investment, 30 % is allocated for land acquisition. Actis will hold a 67 % stake in the project, with the remainder held by Mahindra Lifespaces. Brian Chinappi, partner and head of Real Estate at Actis, expressed his delight at Ample Parks commencing operations with this initial acquisition. He noted that India?s industrial and logistics sector presents a significant investment opportunity, driven by strong domestic consumer demand and a global shift in supply chains towards India, with many corporations adopting a China Plus One strategy. Chinappi highlighted that Ample Parks is poised to become a key player in this sector by leveraging Actis? track record in sustainable real estate and Mahindra Lifespaces? market expertise. The Chennai project aims to attract top-tier industrial occupiers, offering them the advantages of Mahindra World City?s infrastructure, accessibility, and skilled workforce. The project will be strategically located in India?s first integrated business city, benefiting from excellent road, rail, and port connectivity, along with comprehensive support and social infrastructure. Over the next five to seven years, Ample Parks plans to develop 15-17 projects across Tier-1 and Tier-2 cities such as Mumbai, Pune, Bengaluru, NCR, Lucknow, Guwahati, Nagpur, and Ahmedabad. The ownership structure will vary from project to project, though Actis will maintain a majority stake in all developments. The platform has been established with a highly experienced management team, led by Chief Executive Officer and Director Akash Rastogi. Ample Parks aims to acquire and develop approximately 1.5 million square metres of greenfield and brownfield sites across key markets in India, positioning itself as a leading provider of industrial and logistics real estate solutions for global and local corporations. Rastogi expressed enthusiasm for launching the company?s presence in Chennai, noting that the ongoing decentralisation of manufacturing from China, coupled with government initiatives such as ?Make In India? and the ?Production Linked Incentive (PLI) scheme?, would significantly enhance manufacturing and logistics prospects in India. He stated that the first project would involve approximately 2 million square feet of Grade A industrial development, offering plug-and-play facilities and bespoke built-to-suit solutions to a diverse range of customers, with sustainability being integral to the development. Amit Sinha, Managing Director and Chief Executive Officer at Mahindra Lifespaces, remarked that the launch of Ample Parks represents a significant milestone in the company?s commitment to developing sustainable, world-class industrial infrastructure in India. He added that by combining Actis' global expertise with Mahindra Lifespaces? deep understanding of the Indian market, they are well-positioned to create a transformative platform to meet the evolving needs of businesses, contributing significantly to India?s broader industrial and logistics landscape. Raghvendra Chandak, Director of Real Estate at Actis, described the project as a significant first step for Ample Parks, noting its strategic location within Chennai?s thriving industrial ecosystem. He expressed aspirations for the platform to become a leading provider of industrial and warehousing space in India, with solutions tailored to the needs of industrial customers and supply chain operators, emphasising that a top-tier management team is in place to ensure Ample Parks' success in the industrial and logistics real estate sector.