Chennai.

It has already acquired a 50-acre land parcel at Mannur, in Tamil Nadu, where a 12-lakh sq ft facility will come up, as per a company statement.

The newly formed operating platform of Alta Capital's Logicap Advisors said it plans for a greenfield development on the land.

"The project located three kms from SH 50, with a planned development area of 1.2 million square feet (mn sft) and an investment outlay of over Rs 400 crore, will serve the increasing demand for modern industrial and logistics facilities in India," the statement said.
 
At present, Logicap has a total footprint of 13 million sq ft, making it the fifth largest logistics platform in the country, the statement said.