NDR InvIT Trust Acquires Warehousing Asset in Hosur

17 Feb 2026 CW Team

NDR InvIT Trust, a Mumbai-based infrastructure investment trust, has acquired a grade-A fully operational warehousing asset in Hosur for Rs 2,850 mn, via a mix of cash and unit swap. The asset comprises one point seven eight million square feet (msf) of leasable area, including zero point eight eight million square feet of developed open yard, and is 100 per cent occupied with a weighted average lease expiry of 23.95 years. The transaction will be executed through a combination of cash consideration and unit swap.

Post-acquisition the InvIT’s operating area will expand to 21.46 msf and gross asset value will increase by Rs 2,940 mn. The acquisition marks the trust’s entry into its 17th city and is positioned in a rapidly growing electric vehicle and automotive manufacturing hub with strong connectivity to Bengaluru. Gross asset value increase follows internal valuation adjustments and will be reflected in forthcoming disclosures.

The trust described the purchase as a strategic expansion into a high-growth manufacturing corridor that enhances income stability owing to long-term leases and high-quality tenants. For the quarter ended December 31, 2025 the InvIT reported revenue from operations of Rs 1,058.9 mn and a profit before tax of Rs 422.6 mn, and it has proposed a distribution of Rs 743 mn for the quarter. Management indicated that steady occupancy and long leases underpin its decision to propose the distribution.

The portfolio spans 37 industrial parks and over 67 warehouses across 16 cities with the top 10 clients accounting for approximately 32 per cent of leased area. Industry data from JLL indicated that by 2025 total warehousing stock surpassed 610 million square feet with grade A spaces forming 53 per cent of supply, signalling growing institutional participation and quality upgrades. The trust will integrate the new asset into its existing operations and management systems to maintain service standards.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..