In order to create an industrial and logistics park in Karnataka, the real estate development and investment firm AA Holdings has teamed up with Logiy Spaces and committed over Rs 400 crore.
The one million square foot (sqft) project will be built in the Narsapura suburbs and should be finished by September 2023.
AbhijitVerma, a seasoned professional and former executive director of logistics development company Avigna Group, will lead the endeavour.
“In our endeavour to enable local landlords and aggregators to become successful micro-entrepreneurs and fulfil the need for quality commercial spaces in the country, we floated AA Holdings to provide them with the right guidance and mentorship,” Verma, the managing director of AA Holdings, said.
