Actis, Mahindra Lifespaces tie-up for logistics realty

07 Oct 2022 CW Team

Actis, leading global investor in sustainable infrastructure and the real estate and infrastructure development arm of the Mahindra Group, Mahindra Lifespace Developers have entered into an agreement to set up a joint platform for developing industrial and logistics real estate facilities across India.

The total investment in the business over the initial years, including debt, is estimated to be Rs 2,200 crore. Actis will own a majority stake, and Mahindra Lifespaces will have a significant minority stake.

“The warehousing sector in India is in early stages of a transformation, rapidly gaining scale while also undergoing modernisation. As experienced builders and operators of sustainable new economy real estate, Actis sees enormous growth potential in the sector as India grows to become the third largest consumption economy globally by the turn of this decade,” said Ashish Singh, Partner and Head of India and SE Asia Real Estate, Actis.

According to him, the demand for industrial real estate is on the rise as India benefits from a renewal of domestic capital investment cycle, realignment of global supply chains in many sectors and as the government’s production-linked incentive (PLI) schemes catalyse more investment in manufacturing locally.

For the proposed platform, the developer has earmarked around 100 acres of land with ready infrastructure in two Mahindra World Cities in Jaipur and Chennai, offering a built-up potential of over 2 million sq ft. These sites will be offered to the platform for acquisition and development.

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