Realty developer Lodha Group, Bain Capital, and Ivanhoé Cambridge-backed Lodha Green Digital Infrastructure (LGDI) has acquired an over 8-acre land parcel in Mumbai’s Kurla locality.
The land will be used for the development of over 4 lakhs sq ft of Grade-A multi-tenanted in-city fulfilment centre to provide the last-mile warehousing infrastructure to third party logistics (3PL), e-commerce, and quick-commerce companies.
Lodha has partnered with Skechers, a global lifestyle, athletic footwear and apparel brand for building their National Distribution Centre at Lodha Industrial and Logistics Park, Palava.
Lodha, known for building world’s finest developments, will now be developing this landmark warehouse which will be the tallest warehouse in India with the height of 17m at the eaves and 24m at the highest point. The 1.1 MM sq.ft. warehouse will be Skechers’ second largest distribution centre in Asia. With focus on ESG, the building is pre-certified as IGBC- Platinum and will also be the first warehouse building in Western India to have FM1 super flat flooring.
Shaishav Dharia, CEO – Townships and Rental Assets, Lodha Group, talks about Mumbai’s fast-emerging industrial and logistical destination.
What are the services offered by the Lodha Group?
Palava Industrial and Logistics Park (PILP) has emerged as Mumbai’s preferred industrial and logistics destination. The Grade-A industrial and logistics park planned across 800 acres is being designed with sustainability at the core, for creating long-term value for the clients. With 300 acres already under development, the park is located in close proximity to the industrial hub of Navi Mumbai – Taloja MIDC. It offers manufacturing companies a ready ecosystem of skilled and semi-skilled labour, transportation ecosystem and ancillary industries. Moreover, the park enjoys excellent connectivity to JNPT, the upcoming Navi Mumbai International Airport, and the upcoming Multi-Modal Corridor making it a hub for logistics and warehousing.
It is part of the 4,500-acre Palava city that provides a ready social ecosystem with high-quality residences, social housing, world-class education, healthcare and much more. PILP offers clients the full suite of options to set up operations, whether in terms of leasing or buying Built-to-Suit buildings, or buying land for construction, along with easy scalability and expansion options. With clean marketable land titles, all statutory approvals and permits in place, the park offers a complete hassle-free on-boarding and operations to the clients.
Flyjac Logistics, subsidiary of Japanese logistics company Hitachi Transport System Group, has acquired an over 22.3-acre land parcel from Lodha Group at its Palava Industrial and Logistics Park (PILP) near Mumbai.
Both the entities–Lodha also known as Macrotech Developers and Flyjac, which is one of the largest integrated logistic service providers–have already signed the deal. The land parcel has a total development potential of 1 million sq ft.
Flyjac Logistics, one of the largest integrated logistic service providers, already has such warehousing facilities operational across India. However, this transaction represents their first outright buy of land parcel in western India to set up a warehousing facility. Most of the third-party logistics major’s warehousing facilities in western region are leased assets.
The group appoints Ramit Chopra as National Head – Business Development & Leasing Team (Industrial and Logistics Parks) and Veeresh Rao as Technical Head (Industrial and Logistics Parks)
Lodha Group, India’s real estate developer by residential sales, strengthens its leadership team of Industrial and Logistics business with new appointments. The group appoints Ramit Chopra as National Head – Business Development & Leasing (Industrial and Logistics Parks) and Veeresh Rao as Technical Head (Industrial and Logistics Parks). The Group’s current focus will be on the development of Palava Industrial and Logistics Park (PILP).
Ramit Chopra is an expert in lease transactions, deal negotiations, and investment strategies. His key responsibility at the Group will include leading the industrial and logistics vertical growth across cities. Additionally, he will be instrumental in strengthening Lodha Group’s land acquisition capability and building a national & global network. He comes with 18+ years of strong experience in real estate with over 10 years of exposure in logistics and warehousing developments across India. Before joining Lodha, Ramit has held various leadership roles across the country in firms like Indospace and Embassy Industrial Parks [Warburg Pincus]
