APAC real assets investor ESR is to invest INR650 crores (€63m) towards the development of a 1.35m sqft industrial and logistics park after securing a 60-acre land in Western India.
The land in Pune, Maharashtra, will be used for the development of the ESR Talegaon Industrial and Logistics Park complex, which will have six buildings.
Abhijit Malkani, CEO, India, ESR, said: “Maharashtra has emerged as one of our strongest and fastest-growing markets. Our continued investment in this state reflects the confidence we have in its industrial potential, talent ecosystem, and long-term growth trajectory.”
ESR’s Western India footprint of modern, large-scale industrial and logistics parks covers 480 acres from Ahmedabad to major industrial hubs in Maharashtra, including Nagpur, Ranjangaon, Chakan, Taloja and Bhiwandi.
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