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IndoSpace launches industrial and logistics park in Bengaluru

Thursday, 16 Sep 2021
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IndoSpace has launched a new industrial and logistics park in Narasapura, near Bengaluru, Karnataka, to cater to the warehousing requirements of companies across sectors.
 
The industrial real estate and logistics parks developer has launched two similar facilities in Vallam and Oragadam areas in Tamil Nadu in June 2021, adding 118 acre to its portfolio.
 
The Narasapurapark, spread across 64 acre, will cater to the warehousing requirements of companies across sectors, such as automotive, engineering, electric vehicles, e-commerce, and FMCG. 
 
It will offer Grade-A infrastructure, making it the only world-class warehousing and industrial facility of this scale in Bengaluru. 
 
The park will boost IndoSpace's footprint in the manufacturing and industrial destination of Karnataka, with its modern amenities catering to the rising demand for industrial warehousing and logistics.
 
According to IndoSpace, the Bengaluru warehousing market has seen 4.30 million sqft leasing in FY20. By consolidating the warehousing market, developers are venturing into the city's prominent clusters with land acquisitions for greenfield projects and making it a preferred destination for Japanese, European and Korean companies in electronics, FMCG and FMCD sector. 
 
IndoSpace has already announced plans to add four million sqft of warehousing space by the end of 2021. Located near NH-75, Narasapura industrial area is one of the prominent regions in Karnataka. It is well connected to major consumption hubs across central, east and north-east Bengaluru, which constitute a large percentage of the city's population. 
 
The park in Narasapura is also strategically placed to offer excellent connectivity to Chennai, Tirupati and Hoskote-Malur industrial area.
 
Further, this park will offer infrastructure, amenities and versatile solutions, making Narasapura an ideal choice for various sectors, including manufacturing, auto, auto component and third-party logistics industries.
 
 
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