ESR acquires 58-acre land in Nagpur
ESR Group has acquired 58 acres of land in Nagpur with a total development potential of 1.4 million sq. ft.
ESR has also committed to invest ₹400 crore ($48 million) for the construction and development of ESR Nagpur Logistics Park 2.
This will be the Company’s second logistics park in Nagpur and its twentieth park across the country.
The Park is designed to accommodate 10 buildings, with building sizes ranging from 67,000 sq. ft. to 190,000 sq. ft.
Growing demand from consumer (e-com, 3PL, FMCG/FMCD, automotive), industrial and B2B segments (agri, chemicals, pharma) have transformed the Nagpur logistics market.
Abhijit Malkani, ESR India: Our ﬂagship 22.5-acre development, ESR Nagpur Logistics Park 1, has been operating at full occupancy since completion in 2020 having atracted high-profile tenants from retail and e-commerce domains.”
“Harnessing the city's strategic advantages and supporting the burgeoning demand for New Economy spaces, we are proud to announce our second logistics park in Nagpur.”
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