IndoSpace Launches Two New Industrial Parks in Gujarat

Mumbai/Ahmedabad, India – IndoSpace, India’s largest developer and owner of Grade A industrial real estate and logistics parks, is expanding its presence in the West region with a commitment of approximately INR 600 crore in two major projects in Becharaji and Bavla, both near Ahmedabad, Gujarat. These parks, which span 90 acres, are ideal for the development of industrial, warehousing, and logistics facilities. IndoSpace Park in Becharaji is strategically located at the outskirts of the Mandal Becharaji Special Investment Region (MBSIR), adjacent to state highway SH-19, and easily accessible to industrial and transit hubs. The IndoSpace Park in Bavla, located on the Ahmedabad-Rajkot National Highway (NH) 47, is close to the Changodar-Bagodara industrial belts and provides Grade A infrastructure to many large and medium industrial and warehousing developments.

Gujarat accounts for nearly a quarter of the country’s exports, and the park is home to many global industrial developers and major businesses. Furthermore, Maruti Suzuki, Honda, and Toyota are a few automotive companies located near the parks. As a result, IndoSpace in Becharaji and Bavla is ideal for businesses of all sizes looking to expand and strengthen their presence in Gujarat.

As part of its commitment to a cleaner environment, IndoSpace continues to promote green building and sustainable operations. In addition to energy and water conservation, its logistics parks have enhanced transport efficiency, optimized lead time, increased storage space utilization, reduced greenhouse gas emissions, promoted biodiversity, and improved safety and security. The company will continue to play a key role in India’s emergence as a global green champion in warehousing and logistics infrastructure as the logistics sector is poised to grow multi-fold this decade.

Rajesh Jaggi, Vice Chairman-Real Estate, Everstone Group, commented, “After establishing a strong presence in Chakan, Pune in the western region, we are excited to further strengthen our presence in the state of Gujarat. The state is today one of India's important industrial hubs, and we aim at serving companies in the automotive (including Battery Electric Vehicle (BEV) and BEV batteries manufacturing), e-commerce, and retail industries. We plan to leverage on the manufacturing growth in the state and provide our world-class Grade A logistics infrastructure to customers across industries.”

Image Source: IndoSpace