NDR InvIT Strikes Gold in Surat: 0.9 Million Sq. Ft. Warehouse Acquired

NDR InvIT Trust, India’s first listed Warehousing and Industrial Parks InvIT, has acquired a premium Grade-A industrial warehouse near Surat, Gujarat, in a transaction successfully advised by JLL India.

The 0.9 million sq. ft. fully operational industrial park, developed by a Mumbai-based consortium, houses several blue-chip tenants. This strategic acquisition strengthens NDR InvIT’s presence in Western India and aligns with its long-term growth objectives.

As of Q3 FY2025, NDR InvIT manages approximately 19.01 million sq. ft. of assets across India. Surat’s warehousing clusters, primarily concentrated in the eastern zone along the ‘golden quadrilateral,’ provide seamless connectivity to Vadodara and Ahmedabad. The Kosamba-Palsana-Sachin belt, Surat’s oldest warehousing hub, remains a prime location for 3PL players due to its accessibility and proximity to the city.

The increasing demand for modern warehousing solutions in the region has fueled the development of advanced facilities and driven rental growth for Grade-A spaces.

News by Rahul Yelligetti.