11 industrial parks to come up in Mumbai and Pune
WAREHOUSING & LOGISTICS

11 industrial parks to come up in Mumbai and Pune

ESR India has signed an agreement with the government of Maharashtra to invest in setting up 11 industrial parks around Pune and Mumbai. This Maharashtra government-affiliated project has been undertaken with an aim to develop and encourage the industrial sector along with streamlined land acquisition and administrative processes. The country heads, Abhijit Malkani and Jai Mirpuri, in a joint statement, said that these MoUs would fast-track investment into these projects, accelerate their development, and help attract more multinational and national companies to Maharashtra.

Recent policies and regulatory reforms have set new benchmarks for economic and industrial development in the country. ESR has shown rapid growth and has taken its operations one step ahead since 2018 when they entered the market with the first logistics and infrastructure park in Pune. Within a few months of entering into the Indian economy, they had entered into a strategic partnership with Allianz Real Estate to invest around $1 billion.

Last year, ESR partnered with Future Group to develop a logistics park each in Nagpur and Gurugram. With huge investments and many developmental projects, ESR has been on an expansion spree in the country. The company has hit several deals with investment firms and large real estate firms over the last two years.

The Indian arm of logistics property also signed a deal with Mumbai-based Lodha Group for an equal joint venture to develop a $100 million industrial park at Dombivali in Thane. The recent project of 11 logistics parks, once fully operational, is claimed to have the potential to create over 35,000 jobs in the state.

The CEO stated that the goals of the company were aligned with the vision of the government of Maharashtra, to facilitate investment and employment and garner better economic growth in the region. ESR India is currently active in eight cities, Mumbai, Pune, Delhi, Chennai, Ahmedabad, Kolkata, Bengaluru, and Hyderabad, 14 locations in total. ESR is a Singapore-based, India’s largest developer in logistics and warehousing. It was formed by the merger of e-Shang Cayman and Redwood Group Asia.

The company is planning to further its operations in smaller cities, including Rajpura and Lucknow. The company, however, is developing and constantly announcing its development plans around the country.

ESR India has signed an agreement with the government of Maharashtra to invest in setting up 11 industrial parks around Pune and Mumbai. This Maharashtra government-affiliated project has been undertaken with an aim to develop and encourage the industrial sector along with streamlined land acquisition and administrative processes. The country heads, Abhijit Malkani and Jai Mirpuri, in a joint statement, said that these MoUs would fast-track investment into these projects, accelerate their development, and help attract more multinational and national companies to Maharashtra. Recent policies and regulatory reforms have set new benchmarks for economic and industrial development in the country. ESR has shown rapid growth and has taken its operations one step ahead since 2018 when they entered the market with the first logistics and infrastructure park in Pune. Within a few months of entering into the Indian economy, they had entered into a strategic partnership with Allianz Real Estate to invest around $1 billion. Last year, ESR partnered with Future Group to develop a logistics park each in Nagpur and Gurugram. With huge investments and many developmental projects, ESR has been on an expansion spree in the country. The company has hit several deals with investment firms and large real estate firms over the last two years. The Indian arm of logistics property also signed a deal with Mumbai-based Lodha Group for an equal joint venture to develop a $100 million industrial park at Dombivali in Thane. The recent project of 11 logistics parks, once fully operational, is claimed to have the potential to create over 35,000 jobs in the state. The CEO stated that the goals of the company were aligned with the vision of the government of Maharashtra, to facilitate investment and employment and garner better economic growth in the region. ESR India is currently active in eight cities, Mumbai, Pune, Delhi, Chennai, Ahmedabad, Kolkata, Bengaluru, and Hyderabad, 14 locations in total. ESR is a Singapore-based, India’s largest developer in logistics and warehousing. It was formed by the merger of e-Shang Cayman and Redwood Group Asia. The company is planning to further its operations in smaller cities, including Rajpura and Lucknow. The company, however, is developing and constantly announcing its development plans around the country.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?