Commercial Operations Begin at Logistics Park in Nagpur

07 May 2025 CW Team

The Multi Modal Logistics Park (MMLP) at Sindi near Wardha in Nagpur has officially commenced commercial operations, receiving its first cargo consignment of 123 Maruti cars from Farukhnagar on April 28. Developed by National Highway Logistics Management Limited (NHLML) and Jawaharlal Nehru Port Authority (JNPA), the park spans 150 acres and is being built at a total cost of Rs 6.73 Bn.

The project is being executed under a public-private partnership model in three phases, with Phase I requiring an investment of Rs 1.37 Bn. A special purpose vehicle, Maharashtra MMLP Pvt Ltd, has been formed by NHLML and JNPA to oversee the project, including the provision of land, road and rail connectivity, and basic infrastructure like water and electricity.

The park is equipped with warehousing, cold storage, container handling, bulk cargo facilities, bonded warehouses, and customs support. It also includes terminals for trucks and offices for freight forwarders. The MMLP is expected to significantly enhance last-mile connectivity, reduce freight travel time, and improve tracking and traceability, ultimately bolstering the national logistics sector and generating regional employment.

Source: Ministry of Road Transport and Highways Press Release

Real Estate

03 Dec 2025

Noida Office Rentals Rise 18% in Six Years, Prime Districts up 29%: C&W

Noida’s office market has recorded an 18 per cent rise in average rentals over the past six years, underscoring the city’s growing appeal as a corporate hub, according to a new report by Cushman & Wakefield.In its study, Noida – Runway for Growth, the consultant noted that prime locations such as Sector 16 and Film City logged a sharper 29 per cent jump in rents, reflecting sustained demand and improving business infrastructure. As of September 2025, Noida’s office stock stands at 43.4 million sq ft, including 26.6 million sq ft of Grade A+ space.The report shows average rentals no..

Mount K Kapital Launches Rs 40-Bn Second Fund for Pan-India Real Estate Bets

Mount K Kapital, the realty-focused investment platform backed by the Rustomjee Group, has raised its second real estate fund of about Rs 40 billion, marking a major scale-up in its investment strategy.Binita Dalal, founder and managing partner, said the fund will finance 10–15 projects currently being identified across the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune. The vehicle—supported by strong but undisclosed general and limited partners—will step in at the acquisition stage and continue funding through the development cycle in partnership with developers.Dalal ..

Kesar India Buys Key Nagpur Land for Major High-rise Project

Kesar India has expanded its national footprint with the acquisition of a 24,256 sq m land parcel in Hingna, Nagpur, paving the way for a large mixed-use high-rise development. With an estimated development potential of over 1.50 million sq ft, the project will cater to the city’s growing need for integrated residential and commercial spaces.The company expects the development to generate around Rs 9 billion in revenue, reinforcing its growth plans in one of Maharashtra’s fastest-expanding urban centres. The acquisition also strengthens its project pipeline as it continues to build a prese..