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

16 Apr 2021 Editorial Team

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

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..