GMR Hyderabad Signs Joint Venture Deal in Hyderabad with ESR for Logistic Park

GMR Hyderabad Signs Joint Venture Deal in Hyderabad with ESR for Logistic Park

GMR Hyderabad to Develop Logistics Park Near Airport. GMR Hyderabad Aerotropolis Limited (GHAL) is venturing into the logistics sector with a new project near Hyderabad’s Rajiv Gandhi International Airport (RGIA). GMR Hyderabad has signed a Joint Venture Deal with ESR to develop a logistic Park.

• Project: Logistics and Industrial Park
• Location: Northeast side of the existing airport terminal
• Land Area: 66 acres
• Project Cost: Rs 550 crore
• Joint Venture Partner: ESR Hyderabad Pvt Ltd (ESR) with 70% stake
• GHAL Stake: 30%

Project Highlights:

• Focus on warehousing, distribution centres, and light assembly facilities.
• State-of-the-art infrastructure with modern amenities.
• Special purpose vehicle: GMR Logistics Park Private Limited

Significance:

• Caters to the growing demand for logistics space in Hyderabad.
• Creates a “flagship airport centric” logistics park.
• Expected to attract investment and generate employment in the region.
• Sets new standards for warehousing and industrial real estate.
• Supports the burgeoning cargo industry in Telangana.

Overall, this project positions GMR Hyderabad to capitalize on the growth of the logistics sector near Hyderabad’s airport.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in