![]() Over the next five years, the platform is aiming to build a portfolio with a size of 5-7 million sq ft and is looking to grow this much bigger after that. The joint venture will also simultaneously acquire and develop other greenfield and brownfield sites in key markets across India, aiming to become a leading real estate solutions provider to global and local corporations. With our experience in building and operating thriving integrated cities and industrial parks and our ready-to-market plug-and-play infrastructure in Mahindra World Cities in Chennai and Jaipur, we are well-positioned to cater to this demand,” said Arvind Subramanian, Managing Director and CEO, Mahindra Lifespaces. “We are witnessing strong and accelerating demand for Grade A warehousing and manufacturing facilities from both multinational and Indian clients. These sites will be offered to the platform for acquisition and development. According to him, the demand for industrial real estate is on the rise as India benefits from a renewal of domestic capital investment cycle, realignment of global supply chains in many sectors and as the government’s production-linked incentive (PLI) schemes catalyse more investment in manufacturing locally.įor the proposed platform, the developer has earmarked around 100 acres of land with ready infrastructure in two Mahindra World Cities in Jaipur and Chennai, offering a built-up potential of over 2 million sq ft.
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