Blackstone acquires 2.5 mn sq ft of warehousing near Delhi

29 Nov 2022 CW Team

In one of North India's largest warehousing deals, alternative investment management company Blackstone has acquired 2.5 million square feet of warehousing assets near Delhi from Vertical Warehousing for Rs 7 billion, according to a report citing unnamed sources.

The asset is a mix of operational assets and strategic land parcels for future development. About 1.5 million sq ft of it is fully leased and operational.

“Blackstone has been increasing its warehousing presence in the National Capital Region as it is one of the fastest growing markets for the industrial and logistics sector. The asset is located in Jhajjar in Haryana and connected to Gurgaon and Delhi,” said one of the sources.

International property consultant CBRE was the transaction advisor for the deal.

Blackstone, CBRE and Vertical Warehousing declined to comment.

Headquartered in New Delhi, Vertical Warehousing owns and operates multiple Grade A logistic parks across Delhi NCR.

Meanwhile, the Delhi-based LAS Ventures, which has a warehouse in the same region, is in talks to raise a Rs 300-crore fund to develop grade A warehouses across the country.

Infrastructure Transport

10 Feb 2026

Tamil Nadu Gets Rs 76,110 mn for Railways, Three Projects Revived

Union Minister for Railways Ashwini Vaishnaw announced that Tamil Nadu has been allocated Rs 76,110 mn in the Union Budget 2026–27, marking a 14.9 per cent increase over the Rs 66,260 mn allotted in 2025–26. The allocation is intended for ongoing new line projects, track doubling, station redevelopment and safety-related works, with project-wise details to be disclosed when the Pink Book is released. Officials indicated that the funds will be deployed across construction and modernisation priorities identified for the state. The minister urged the Tamil Nadu government to extend support f..

Nagpur Station Redevelopment Deadline Extended To March 2027

Nagpur Railway Station redevelopment has been rescheduled to March 2027 as officials opted for a cautious approach to minimise disruption at the busy terminus. The project had earlier been due for completion in December 2026 but work at a live station while preserving the heritage character of the building has slowed progress. The Divisional Railway Manager (DRM) said construction sequencing is being adjusted to maintain passenger services. The DRM provided an update on Ajni Railway Station, stating its redevelopment timeline has been revised to October 2026 instead of the earlier target of c..

Railway Push Boosts Connectivity in Jammu and Kashmir

An accelerated push to expand railway infrastructure is reshaping connectivity in Jammu and Kashmir, with Indian Railways leading an extensive programme of new lines, stations and engineering works. Officials described the effort as aimed at linking remote areas to major trade and transport corridors and at reducing travel time for passengers and freight. The programme incorporates complex tunnelling and bridge construction to negotiate challenging terrain and to provide year round access. Administrative sources indicated that coordination with central and local agencies has been intensified t..