Morgan Stanley Teams Up with Prakhhyat for Warehousing Project

30 Aug 2023 CW Team

Although the precise investment figure from MSREI has not been disclosed, sources suggest that around Rs 3 billion is being invested in Prakhhyat Group, which is responsible for developing the warehousing space. This partnership marks MSREI's entry into the Bhiwandi sub-market of Mumbai. As a result of this endeavor, MSREI has now committed investments to logistics assets exceeding 5.6 million square feet throughout the country.

While MSREI has generally refrained from involvement in office and residential properties recently, it has shown significant activity in the realm of warehousing. In 2021, MSREI collaborated with Macrotech Developers to establish a premium warehousing project near Mumbai, involving an investment of Rs 6 billion. During the same year, it also divested two warehouse properties in India to Mapletree Logistics Trust, a REIT listed in Singapore.

The "One K-Square" project with Prakhhyat will cover a sprawling 25-acre area and adhere to international Grade A specifications for state-of-the-art infrastructure. This development aims to provide advanced warehousing solutions to various sectors, including e-commerce, third-party logistics (3PL) companies, fast-moving consumer goods (FMCG), and consumer durables (FMCD), catering to institutional customers.

Prakhhyat Group will undertake the role of development manager, overseeing project execution, leasing activities, and asset management. Sandeep Bagla, Director of Prakhhyat Group, expressed enthusiasm about leveraging their market experience to create a remarkable logistics development alongside MSREI's expertise.

Anand Iyer, Vice President of MSREI India, affirmed that Industrial and Logistics assets are a central focus within their investment strategy. He expressed pride in collaborating with Prakhhyat Group to establish a top-tier warehousing park within one of the country's most robust logistics clusters.

K Square Logistics Park, a flagship venture of Prakhhyat Group, extends across 156 acres and encompasses a total development area exceeding 4 million square feet. The park accommodates numerous domestic and international tenants from diverse sectors.

Morgan Stanley Real Estate Investing (MSREI), a division of Morgan Stanley, has collaborated with Prakhhyat Group, an Industrial and Logistics real estate company based in Mumbai. Together, they are embarking on a project to construct a Class A warehousing facility measuring 0.7 million square feet at K Square Logistics Park, located near Mumbai in Bhiwandi. Although the precise investment figure from MSREI has not been disclosed, sources suggest that around Rs 3 billion is being invested in Prakhhyat Group, which is responsible for developing the warehousing space. This partnership marks MSREI's entry into the Bhiwandi sub-market of Mumbai. As a result of this endeavor, MSREI has now committed investments to logistics assets exceeding 5.6 million square feet throughout the country. While MSREI has generally refrained from involvement in office and residential properties recently, it has shown significant activity in the realm of warehousing. In 2021, MSREI collaborated with Macrotech Developers to establish a premium warehousing project near Mumbai, involving an investment of Rs 6 billion. During the same year, it also divested two warehouse properties in India to Mapletree Logistics Trust, a REIT listed in Singapore. The One K-Square project with Prakhhyat will cover a sprawling 25-acre area and adhere to international Grade A specifications for state-of-the-art infrastructure. This development aims to provide advanced warehousing solutions to various sectors, including e-commerce, third-party logistics (3PL) companies, fast-moving consumer goods (FMCG), and consumer durables (FMCD), catering to institutional customers. Prakhhyat Group will undertake the role of development manager, overseeing project execution, leasing activities, and asset management. Sandeep Bagla, Director of Prakhhyat Group, expressed enthusiasm about leveraging their market experience to create a remarkable logistics development alongside MSREI's expertise. Anand Iyer, Vice President of MSREI India, affirmed that Industrial and Logistics assets are a central focus within their investment strategy. He expressed pride in collaborating with Prakhhyat Group to establish a top-tier warehousing park within one of the country's most robust logistics clusters. K Square Logistics Park, a flagship venture of Prakhhyat Group, extends across 156 acres and encompasses a total development area exceeding 4 million square feet. The park accommodates numerous domestic and international tenants from diverse sectors. See also: Vizag's Warehousing Demand Surges 265 per cent, Driven by Sectors I&L sector leasing rise 35% YoY

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..