IndoSpace signs 55 acre Joint Venture Deal in Farukhnagar, Haryana with METL

IndoSpace signs 55 acre Joint Venture Deal in Farukhnagar, Haryana with METL

IndoSpace, India’s leading industrial real estate developer, has joined forces with Model Economic Township Limited (METL), a subsidiary of Reliance Industries, to acquire 55 acres of land in Farukhnagar, Haryana. Indospace has signed 55 acre of Joint Venture deal in Farukhnagar, Haryana with METL a subsidiary of Reliance Industries.

• Project Highlights:

  • Joint venture between IndoSpace and METL
  • Land Area: 55 acres
  • Development Potential: 1.28 million sq ft of warehousing space
  • Location: Farukhnagar, Haryana (Delhi-NCR region)

• Significance:

  • Expands IndoSpace’s footprint in Delhi-NCR to over 480 acres
  • Caters to the growing demand for Grade A warehousing space in the region
  • Targets sectors like 3PL, FMCG, and e-commerce
  • Leverages METL’s expertise in developing large-scale industrial infrastructure

• Quotes:

  • Rajesh Jaggi (IndoSpace): “Excited to enter a fast-growing industrial zone…This project highlights IndoSpace’s focus on supporting the growth of India’s logistics sector.”
  • Shrivallabh Goyal (METL): “Happy to partner with IndoSpace…establish the primacy of METL in the industrial and logistics map of Delhi NCR.”

Overall, this joint venture strengthens IndoSpace’s presence in Delhi-NCR and contributes to the growth of the region’s logistics sector.

Additional Information:

• IndoSpace has a portfolio of over 41 million sq ft of logistics space across India.
• The company aims to achieve 120 million sq ft of modern logistics infrastructure pan-India.

 

 

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