IndoSpace launches over 2 million sq ft of industrial warehousing, logistics parks in Gujarat
The two parks at Becharaji and Bavla are slated to cater to industrial, logistical, storage operations and the rising manufacturing demand in Gujarat
IndoSpace, India's largest developer and owner of Grade A industrial real estate and logistics parks, is growing its presence in the West region, with investments in two significant projects in Becharaji and Bavla near Ahmedabad, Gujarat. As per a release from the company this week, the commitment for these projects is slated to be close to Rs 600 crores. IndoSpace is India's leading developer of Grade A industrial and logistics real estate with a network of 44 logistics parks with 49 million square feet delivered/under development across ten cities.
Spread over 90 acres, the location of these parks is ideal for the development of industrial, warehousing, and logistics facilities. IndoSpace park in Becharaji is strategically located on the outskirts of the Mandal Becharaji Special Investment Region (MBSIR), adjacent to state highway SH-19, and accessible to both industrial and transit hubs. IndoSpace park in Bavla is in proximity to the Changodar-Bagodara industrial belts, on the Ahmedabad-Rajkot National Highway (NH) 47, offering Grade A infrastructure to many large and medium industrial and warehousing developments.
"After establishing a strong presence in Chakan, Pune in the western region, we are excited to further strengthen our presence in the state of Gujarat. The state is today one of India's important industrial hubs, and we aim at serving companies in the automotive (including Battery Electric Vehicle (BEV) and BEV batteries manufacturing), e-commerce, and retail industries. We plan to leverage on the manufacturing growth in the state and provide our world-class Grade A logistics infrastructure to customers across industries," said Rajesh Jaggi, Vice Chairman-Real Estate, Everstone Group.
Gujarat accounts for nearly a quarter of the country's exported goods, and many global industrial developers and major businesses have their headquarters in the park's vicinity. In addition, Maruti Suzuki, Honda, Toyota are a few automotive companies located around the parks. Therefore, IndoSpace in Becharaji and Bavla is ideal for businesses across sectors that are looking to expand and strengthen their presence in Gujarat, cited a release from the company.
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