Logicap Management, backed by Singapore’s Rava Partners, and Japan’s Mitsubishi Estate Co. have extended their joint venture to invest in an additional 3.5 million sq. ft. of industrial and logistics infrastructure across India. This move builds upon their earlier collaboration launched in September and signals strong investor confidence in India's logistics growth.

The new investment targets key industrial zones such as Sriperumbudur and Mapeddu in Chennai, tailored for manufacturing tenants, and expands the JV's portfolio to 5.5 million sq ft, including earlier ready assets in Delhi-NCR. Logicap, through its development arm Pragati Warehousing, already manages fully leased assets in Delhi-NCR. The latest venture focuses on building institutional-grade, sustainable facilities across Mumbai, Pune, Chennai, Bengaluru, and Delhi-NCR.

This strategic expansion aligns with India’s ‘Make in India’ initiative, reflecting confidence in the country’s manufacturing and logistics future, and supports Logicap’s aims to develop a 13.5 million sq ft pan-India portfolio.