+
Actis, Mahindra Lifespaces tie-up for logistics realty
WAREHOUSING & LOGISTICS

Actis, Mahindra Lifespaces tie-up for logistics realty

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.

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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code