Ample Parks Launches 800-Crore, 2-Million-Sqft Facility in Chennai
Ample Parks, a joint venture between Actis and Mahindra Lifespaces, has launched its first 2.1 million square feet industrial and logistics facility in Chennai with an investment of ₹800 crore. The facility is expected to generate ₹110 crore in annual revenue and create 11,000 jobs.
Industrial Real EstateLogisticsAmple ParksChennaiEconomic DevelopmentReal EstateJun 30, 2025
Akash Rastogi, the Chief Executive Officer and Director of Ample Parks, shared in an exclusive interview with Indian Transport & Logistics News that the facility has the potential to generate ₹1,400 crore over 10 years, factoring in inflation and escalations. Revenue is expected to start flowing in phases even before the project's completion.
Two commercial buildings, totaling about five lakh square feet, are already developed, and the remaining space is under construction. The facility is expected to create 11,000 employment opportunities, contributing significantly to the local economy.
Tamil Nadu is a powerhouse for industrial development, with more than 200,000 engineering graduates passing out every year. The state is the second-largest contributor to India’s GDP, and Chennai, in particular, is an ideal location due to its robust infrastructure, including a port and an extensive road network. This makes Chennai a strategic corridor to the South.
According to Savills India, industrial and warehousing space absorption in Chennai stood at 5 million square feet in 2024, up from 4.5 million square feet in 2023. The project is located within MWC, which already hosts over 65 large industries across 1,550 acres. Rastogi claims that the project is the largest Grade-A industrial space currently available within the Domestic Tariff Area (DTA) of MWC.
Ample Parks is currently in talks with potential clients, including companies in engineering, auto and ancillaries, and electronics and white goods. Some of these clients are existing MWC tenants looking to expand, while others are planning to enter India via Chennai.
Rastogi, an engineering graduate with extensive experience in real estate investment funds in Australia and the US, has focused on logistics and industrial for the past seven years. He previously worked as Head of Acquisitions for LOGOS India, founded his own logistics and industrial company, and eventually sold it to co-found Ample Parks with Actis and Mahindra Lifespaces.
The joint venture platform was launched in August 2024 by Actis, a global sustainable infrastructure-focused investment firm, and Mahindra Lifespaces, a significant Indian real estate and infrastructure development company. Over the next 5 to 7 years, Ample Parks aims to scale 10 times from its current land portfolio to 20 million square feet of development.
Rastogi noted a lack of innovation in product design and master planning in the Indian industrial and logistics warehousing space. Ample Parks aims to offer integrated industrial parks that combine logistics, commercial spaces, and even worker housing. The platform plans to build a balanced portfolio on both the logistics and industrial sides across Tier 1 and Tier 2 cities.
Chennai is just the start for Ample Parks. The company plans to develop more projects in the city and is looking to expand into other states like Maharashtra, with Pune being another target. They are also eyeing Tier 1 cities such as Bangalore, Delhi NCR, Ahmedabad, and Kolkata, as well as Tier 2 cities like Lucknow, Jaipur, Aurangabad, Guwahati, Patna, Nagpur, Indore, Vizag, and Coimbatore.
Rastogi sees demand from e-commerce, FMCG, industrial logistics, and now quick commerce. Demand is expanding into Tier 2 cities, and in Tier 1 cities, there is growth in multi-level and in-city distribution centers. There is a move beyond vanilla fulfillment centers toward volumetric efficiency, higher ceilings, mezzanine processing, and automation, which justify higher rents and larger footprints.
Ample Parks follows a mixed business model, including speculative, built-to-suit, and limited plot sale-based development. They are starting their work based on speculative development, aiming to create rental-income-generating assets. The company intends to own the land and offer long-term leases, cater to built-to-suit requirements, and provide plug-and-play facilities for quick deployment. They will also offer, on a limited basis, industrial plots for sale and built-up sheds with purchase rights later.
Frequently Asked Questions
What is the total investment for the Ample Parks facility in Chennai?
The total investment for the Ample Parks facility in Chennai is ₹800 crore.
When is the expected completion date for the Ample Parks facility in Chennai?
The expected completion date for the Ample Parks facility in Chennai is by the end of 2028.
How much annual revenue is expected from the Ample Parks facility in Chennai?
The Ample Parks facility in Chennai is expected to generate ₹110 crore in annual revenue upon completion.
What is the total area of the Ample Parks facility in Chennai?
The total area of the Ample Parks facility in Chennai is 71 acres, with a built-up area of 2.1 million square feet.
How many employment opportunities is the Ample Parks facility expected to create?
The Ample Parks facility is expected to create 11,000 employment opportunities.
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