US-based Prologis, the world’s largest warehouse owner, plans to invest USD 500 million in India by 2026 to develop a major portfolio of warehousing parks. The company may double its investment within five to seven years.

Prologis aims to build and lease warehousing parks while also offering build-to-suit facilities. Initially, Prologis will focus on five key cities—Delhi, Mumbai, Pune, Bengaluru, and Chennai. Over the past year, it has acquired three land parcels: 200 acres in Sriperumbudur near Chennai, 40 acres in Hosur, and 30 acres in Hoskote, the latter through a joint venture with RMZ Corp. “Prologis is an integrated platform, which provides design, leasing, property management, customer solutions. The plan is to recreate what we do globally in India,” Chief Investment Officer Joseph Ghazal said.

According to Prologis’ India Head, Vineet Sekhsaria construction is already underway at Sriperumbudur and Hoskote, with work at Hosur set to begin soon. “There are more in the pipeline. We will develop the projects mostly on our own, and will have partners in some. We are open to partnerships to grow and scale,” he added. 

The company’s global real estate portfolio stood at 1.3 billion sq.ft. with USD 198 billion in assets under management as of December 31.