Batilogistic buys 30 acres from Lodha in Mumbai for Rs 100 cr
WAREHOUSING & LOGISTICS

Batilogistic buys 30 acres from Lodha in Mumbai for Rs 100 cr

Batilogistic, the realty arm of FM Logistic India, has purchased 30 acres of land at the Palava Industrial and Logistics Park in Mumbai from Lodha Developers at Rs 106 crore to develop a warehousing project with a 1 million sq ft potential.

The park is located at Thane of the Mumbai Metropolitan Region (MMR). The deal is part of FM Logistic India's plan to invest Rs 1,140 crore in warehousing activities in India, announced in 2019.

Batilogistic will undertake the development of this land parcel in phases over the next 3-4 years. This development is part of the 290 acre Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha.

Palava Industrial and Logistics Park is now emerging as a hub in the Mumbai region driven by its high-quality infrastructure, well-planned parks, and proximity to Navi Mumbai, JNPT port and upcoming international airport.

FM Logistic in India is a third party logistics company. It has a presence in over 90 locations and manages over 6 million sq ft of warehousing space.

The company, which is part of French firm FM Logistic, provides warehousing and distribution logistics services for the FMCG, retail, automotive, e-commerce, engineering, telecom, pharma, and other sectors. Batilogistic is a real estate player in the service of logistics. It has expertise in the construction and maintenance of Grade A warehouses.

Image Source


Also read: 11 industrial parks to come up in Mumbai and Pune

Batilogistic, the realty arm of FM Logistic India, has purchased 30 acres of land at the Palava Industrial and Logistics Park in Mumbai from Lodha Developers at Rs 106 crore to develop a warehousing project with a 1 million sq ft potential. The park is located at Thane of the Mumbai Metropolitan Region (MMR). The deal is part of FM Logistic India's plan to invest Rs 1,140 crore in warehousing activities in India, announced in 2019. Batilogistic will undertake the development of this land parcel in phases over the next 3-4 years. This development is part of the 290 acre Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha. Palava Industrial and Logistics Park is now emerging as a hub in the Mumbai region driven by its high-quality infrastructure, well-planned parks, and proximity to Navi Mumbai, JNPT port and upcoming international airport. FM Logistic in India is a third party logistics company. It has a presence in over 90 locations and manages over 6 million sq ft of warehousing space. The company, which is part of French firm FM Logistic, provides warehousing and distribution logistics services for the FMCG, retail, automotive, e-commerce, engineering, telecom, pharma, and other sectors. Batilogistic is a real estate player in the service of logistics. It has expertise in the construction and maintenance of Grade A warehouses. Image Source Also read: 11 industrial parks to come up in Mumbai and Pune

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?