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Lodha Group, ESR India team up for ESR-Lodha Industrial Park

Thursday, 13 Jun 2019
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Lodha Group, a real estate developer, has formed a joint venture between ESR India, a logistics real estate platform, for development of ESR-Lodha Industrial Park at Palava City, Maharashtra.

The industrial park will comprise 17 institutional-grade speculative and non-speculative buildings to be developed on 89 acre site.

It is expected to be the first and largest master-planned industrial park in Mumbai.  

The development is part of the 170 acre Industrial Park at Palava City which will include non-polluting manufacturing, logistics and warehousing. The total investment towards the project is estimated to be USD 100 million.

The industrial park will be the only such development within the area as an extension of Palava City, the first greenfield integrated smart city in India. The industrial park will be developed in three phases, with completion in 30-36 months.

Palava City is a 4,500 acre greenfield smart city in Navi Mumbai developed by Lodha Group.

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