Current Date: 22 Nov, 2024

KSH Infra Bets Big on South with Rs 450 Cr Logistics Park

KSH Infra, a leading developer of warehousing and logistics parks, has announced plans to invest Rs 450 crore in establishing an industrial and logistics (I&L) park in Hosur, Tamil Nadu. This marks the company’s first foray into South India, with the project spread over a 50-acre land parcel near the Karnataka border and Bengaluru.

The new logistics park, strategically located on the Hosur-Rayakottai Road near the Tata Electronics facility, is expected to have a development potential of 1.25 million square feet. The project is slated for completion over the next three to four years and is anticipated to create employment for over 1,800 people, attracting significant interest from industrial and warehousing firms.

KSH Infra has a proven track record, having invested over Rs 1,200 crore to develop four industrial and logistics parks, totaling around four million square feet of grade-A space in Talegaon and Chakan, Pune. The Hosur project represents a major expansion of the company’s footprint in India’s growing logistics sector.

The company has secured capital from prominent global investors, including Pacific Century Group of Hong Kong, Morgan Stanley Real Estate Investing (MSREI) of the US, and Mapletree Investments of Singapore. Additionally, KSH Infra has entered a joint venture with Indospace Capital to develop 10 million square feet of logistics space across India.

This strategic move into South India underscores KSH Infra’s commitment to expanding its logistics infrastructure, supporting the region's industrial growth and boosting its position in the national market.

News by Rahul Yelligetti

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Source : Projxnews