Warehousing and logistic parks developer KSH Infra is planning to invest around Rs 450 crore to develop an industrial and logistics (I&L) park spread over a 50-acre land parcel in Tamil Nadu’s Hosur, marking its foray into South India.

The company has acquired the land parcel in Tamil Nadu, located near the Karnataka border and Bengaluru. The project is estimated to have a development potential of 1.25 million sq ft. and will be completed over the next three to four years. 

The Park is situated on the Hosur-Rayakottai Road, near the new Tata Electronics facility, and would generate employment for over 1,800 people and attract interest from industrial and warehousing firms. The company has so far invested over Rs 1,200 crore to develop four industrial and logistics parks with around four million sq. ft. grade-A space in Talegaon and Chakan in Pune.

KSH Infra has raised capital from key global investors such as Pacific Century Group of Hong Kong, Morgan Stanley Real Estate Investing (MSREI) of the US and Mapletree Investments of Singapore. It has also entered into a joint venture (JV) with Indospace Capital to develop 10 million sq. ft.  across India.