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The joint venture company GreenBase, formed by Hiranandani Group and Blackstone Group, has leased over 300,000 sq ft of industrial space in Pune to automotive component major United Industries. This deal, one of the largest in industrial real estate this year, is for a built-to-suit manufacturing facility in Greenbase Industrial and Logistics Parks, Talegaon. The facility is set to be operational in 8 months, creating jobs for 600-800 people.

Get latest articles and stories on Business at LatestLY. Gurgaon (Haryana) [India], February 27: In the heartlands of India, where roads tell stories of adventure and caution, TCI Group, India's leading integrated supply chain and logistics solution provider, proudly declares the successful culmination of its TCI Safe Safar Road Safety Month celebration, spanning from January 15th to February 14th, 2024. This extensive initiative, held across numerous locations nationwide, was dedicated to instilling awareness about road safety, with a special emphasis on High Accident Zones on Natio...

Once developed, the projects are expected to not only employ the local youth as well as play a crucial role in enhancing the competitiveness of local manufacturers by reducing their logistics operational costs, thus providing them with an advantage in the market.

In 2023, over 5 million sq ft of warehousing space was taken by companies in tier II cities like Lucknow, Chandigarh, Nashik, Hosur and Coimbatore, which are emerging as the central industrial corridors, with Indore, Chandigarh, Coimbatore, Lucknow, Nashik and Jaipur airports being equipped with cargo handling units.

TVS Industrial and Logistics Parks (TVS ILP) plans to expand its portfolio to 3 million sq ft by 2025, with a focus on southern India. Currently holding 10 million sq ft, the company aims for $100 million in annual revenues over the next five years. Recent acquisitions in Andhra Pradesh, Tamil Nadu, and Madhya Pradesh align with TVS ILP's strategy to build and expand industrial and logistics parks in key Tier 1 and Tier 2 cities across South, East, and Central India.