+
Mahindra Lifespace and Actis Form JV for Chennai Logistics Park
WAREHOUSING & LOGISTICS

Mahindra Lifespace and Actis Form JV for Chennai Logistics Park

Mahindra Lifespace Developers and Actis have announced a joint venture to develop a state-of-the-art industrial logistics park in Chennai. This collaboration aims to address the growing demand for high-quality logistics infrastructure in the region.

The new park will be strategically located to enhance connectivity and operational efficiency for businesses in the area. It is set to feature modern amenities, including advanced warehousing facilities, transportation infrastructure, and sustainable design elements.

This partnership marks a significant investment in Chennai?s industrial real estate sector, underscoring the region's growing importance as a logistics and manufacturing hub. The development is expected to attract major corporations and enhance the area's economic landscape.

Mahindra Lifespace, a leading player in the real estate sector, brings its expertise in sustainable development, while Actis, a prominent investor in emerging markets, adds its investment acumen and regional experience. Together, they aim to create a premier logistics facility that meets the evolving needs of the industry.

The project is anticipated to generate significant employment opportunities and contribute to the region?s economic growth. As the logistics and industrial sectors continue to expand, this joint venture represents a strategic move to support Chennai?s infrastructure development and economic advancement.

Mahindra Lifespace Developers and Actis have announced a joint venture to develop a state-of-the-art industrial logistics park in Chennai. This collaboration aims to address the growing demand for high-quality logistics infrastructure in the region. The new park will be strategically located to enhance connectivity and operational efficiency for businesses in the area. It is set to feature modern amenities, including advanced warehousing facilities, transportation infrastructure, and sustainable design elements. This partnership marks a significant investment in Chennai?s industrial real estate sector, underscoring the region's growing importance as a logistics and manufacturing hub. The development is expected to attract major corporations and enhance the area's economic landscape. Mahindra Lifespace, a leading player in the real estate sector, brings its expertise in sustainable development, while Actis, a prominent investor in emerging markets, adds its investment acumen and regional experience. Together, they aim to create a premier logistics facility that meets the evolving needs of the industry. The project is anticipated to generate significant employment opportunities and contribute to the region?s economic growth. As the logistics and industrial sectors continue to expand, this joint venture represents a strategic move to support Chennai?s infrastructure development and economic advancement.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?