Ascendas Firstspace Acquires Warehousing Space in Ahmedabad

02 Mar 2026 CW Team

Ascendas Firstspace has acquired zero point nine million (mn) sq ft of warehousing space in Ahmedabad in a transaction valued at Rs two point seven five billion (bn). The acquisition expands the company's portfolio in one of the country’s fastest growing logistics markets. The deal was presented as part of a strategy to increase presence in key industrial corridors.

Ahmedabad is described as a strategic location for warehousing given its connectivity to manufacturing clusters and major highways. The space is expected to cater to growing demand from e-commerce, retail and manufacturing occupiers seeking modern logistics facilities. Market observers signalled that availability of quality stock remains a constraint in several urban agglomerations.

Investors have continued to allocate capital to logistics real estate amid structural shifts in supply chain management and fulfilment needs. The acquisition aligns with wider trends of portfolio diversification within commercial real estate and reflects investor appetite for assets that offer stable income and long term leases. Analysts said such transactions contribute to depth in institutional grade logistics supply.

The company indicated that the asset will strengthen its ability to serve occupiers in western India and to support last mile distribution networks. The move is likely to encourage further investment into the region as demand pressures persist. Ascendas Firstspace is expected to continue evaluating opportunities that enhance its network of logistics properties.

The transaction is expected to bolster leasing activity as occupiers seek efficient distribution nodes and scale. Landlords in the area may accelerate upgrades to meet specifications for temperature control and automated handling, supporting higher operational efficiency. Over time the deal could help deepen the market and provide more options for occupiers managing regional distribution.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..