KSH Infra Expands to South India with $54 Million Logistics Park Investment
KSH Infra, a Pune-based industrial and warehousing real estate developer, is investing nearly $54 million in a logistics park in Tamil Nadu.
Ksh InfraLogistics ParkTamil NaduSouth IndiaIndustrial Real EstateReal Estate PuneAug 14, 2024
Southern India, particularly Tamil Nadu, is a key industrial powerhouse of the nation, having made significant strides in economic development. As the second wealthiest state by GDP and the most industrialized in India, it represents a prime opportunity for growth. Sundaresan Vaidyanathan, the chief executive of KSH Infra, emphasized the company's focus on markets with fundamentally strong industrial demand.
To meet this growth target, KSH Infra is expanding its team size in the southern India region. The company has delivered about four million square feet of industrial and logistical assets and aims to develop 10 million square feet over the next five years. Our strong financial position enables us to pursue new opportunities in Chennai, Bangalore, and Mumbai while leveraging our established presence in Pune, said managing director Rohit Hegde.
The latest asset will cover approximately 50 acres of land, offering development potential of about 1.25 million square feet. The asset is situated on the Hosur-Rayakottai Road, near the new Tata Electronics facility, and is expected to generate employment for over 1,800 people.
This investment will add to KSH Infra's existing portfolio, which includes a logistics park in Talegaon and four in Chakan, located near Pune in Maharashtra. The company counts Everstone-backed IndoSpace as an investor in a joint venture.
About KSH Infra
KSH Infra is a leading industrial and warehousing real estate developer based in Pune, India. The company has developed several industrial and logistics parks across the country and is committed to providing world-class infrastructure to its clients.
About KSH Group
KSH Group is a Pune-based business conglomerate with interests in various sectors, including real estate, infrastructure, and manufacturing.
Frequently Asked Questions
Where is KSH Infra investing in a logistics park?
KSH Infra is investing in a logistics park in Hosur, Tamil Nadu.
How much is KSH Infra investing in the logistics park?
KSH Infra is investing approximately Rs 450 crore ($53.6 million) in the logistics park.
What is the development potential of the logistics park?
The logistics park has a development potential of about 1.25 million square feet.
How many jobs is the logistics park expected to generate?
The logistics park is expected to generate employment for over 1,800 people.
What is KSH Infra's growth strategy?
KSH Infra's growth strategy is focused on markets with fundamentally strong industrial demand.
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