KSH Infra Invests in South India Logistics Park, Eyes $54 Million Expansion
KSH Infra, a leading industrial and warehousing real estate developer, enters south India market with a significant investment in a logistics park in Tamil Nadu.
Ksh InfraLogistics ParkSouth IndiaIndustrial Real EstateWarehousingReal EstateAug 14, 2024
The company, which has developed four industrial and logistics parks so far, is set to invest approximately Rs 450 crore ($53.6 million) in an asset located in Hosur, Tamil Nadu, close to the Bangalore market.
“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,” said Sundaresan Vaidyanathan, the chief executive of KSH Infra.
He added that the firm’s growth strategy is focused on markets with fundamentally strong industrial demand. To meet this growth target, KSH Infra is also expanding its team size in the southern India region.
KSH Infra, which counts Everstone-backed IndoSpace as an investor in a joint venture, 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.
The construction timeline or other financial details of the project have not been made public yet.
This will add to the Pune-based developer’s existing portfolio, which includes a logistics park in Talegaon, and four in Chakan, located near Pune in Maharashtra.
About KSH Group KSH Group is a leading business conglomerate with interests in real estate, infrastructure, and logistics. Its subsidiary, KSH Infra, is a prominent player in the industrial and warehousing real estate sector.
About IndoSpace IndoSpace is a leading industrial real estate developer in India, backed by Everstone Group. It has developed several industrial parks and logistics facilities across the country.
Frequently Asked Questions
What is the investment amount announced by KSH Infra for its logistics park in Tamil Nadu?
KSH Infra has announced an investment of approximately Rs 450 crore ($53.6 million) for its logistics park in Hosur, Tamil Nadu.
What is the expected employment generation from the logistics park?
The logistics park is expected to generate employment for over 1,800 people.
What is the development potential of the logistics park?
The logistics park has a development potential of about 1.25 million square feet.
What is the location of the logistics park?
The logistics park is located in Hosur, Tamil Nadu, close to the Bangalore market.
What is the growth target of KSH Infra over the next five years?
KSH Infra aims to develop 10 million square feet of industrial and logistical assets over the next five years.
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