Over the next five years, IndoSpace will invest Rs 1,000 crore in a new joint venture with KSH Infra to construct a 10 million square foot portfolio of warehousing and logistics parks across the country.
The JV would concentrate on high-end micromarkets like Pune, Mumbai, Delhi-NCR, and Bengaluru.
‘Due to pent-up demand, the opportunity is enormous. As a market leader, we are always on the lookout to deliver on our promise of a world-class warehousing backbone to India’s growth. We are delighted to partner with a reputed and renowned brand like KSH INFRA. With its established and proven expertise, it is sure to add immense value to this joint venture,’ Rajesh Jaggi, Vice Chairman, Real Estate, Everstone Group, said.
