ESR, Future to develop warehousing parks worth Rs. 300 cr

ईएसआर एवं फ्युचर ग्रुप 300 करोड़ की लागत से वेयरहाउसिंग पार्क विकसित करेंगे

Points to Remember:

  • Logistics real estate platform ESR has formed a partnership with Future Group to develop two warehousing parks with an estimated investment of Rs. 300 crore.
  • The two state-of-the-art industrial and warehousing parks would be developed in Nagpur and Jhajjar to service the northern and central regions.
    ESR is also in talks with GMR Infrastructure for a 120-acre logistics park in Hyderabad.
  • Earliar ESR partnered with Mumbai-based Lodha Group for an equal joint venture to develop a $100 million industrial park at Dombivali in Thane district adjoining Mumbai.
  • Note: Last year, ESR entered into a strategic partnership with investment manager Allianz Real Estate to invest around $1 billion in India’s growing logistics and industrial property market.
Important Possible questions based on above News:
  1. With whom Logistics real estate platform ESR has formed a partnership to develop two warehousing parks with an estimated investment of Rs. 300 crore? Future Group
  2. What is the estimated investment projected to develop two warehousing parks in Nagpur and Jhajjar by ESR? Rs. 300 crore

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