IndoSpace, a major developer of logistics facilities, has initiated industrial real estate within a key Indian economic zone. The company has commenced operations at a new sixty-six-acre park situated in Bhiwandi, a well-established warehousing district near Mumbai. The project represents a financial commitment of fifty-seven million US dollars.

IndoSpace’s industrial real estate project offers both pre-constructed spaces and the option for customized construction to suit tenant specifications. This development is presented as part of a broader strategy to bolster the supply chain network in the Mumbai Metropolitan Region. The initiative also carries an anticipated positive effect on local employment. The park’s design incorporates considerations for environmental and social governance standards, and its location is noted for its connectivity to major transportation routes, including a new expressway.

Image Credit: IndoSpace