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 Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..