Prologis Unlocks India: A $500M Warehousing Revolution

US-based Prologis, the world’s largest warehouse owner, plans to invest $500 million in India by 2026 to establish a significant portfolio of warehousing parks. The company may double this investment within five to seven years.

Prologis aims to develop and lease modern warehousing facilities, including build-to-suit solutions, initially focusing on five key cities—Delhi, Mumbai, Pune, Bengaluru, and Chennai. Over the past year, it has acquired three land parcels: 200 acres in Sriperumbudur near Chennai, 40 acres in Hosur, and 30 acres in Hoskote through a joint venture with RMZ Corp.

“Prologis is an integrated platform offering design, leasing, property management, and customer solutions. Our goal is to replicate our global expertise in India,” said Joseph Ghazal, Chief Investment Officer at Prologis.

Construction is already underway at Sriperumbudur and Hoskote, with work at Hosur set to begin soon, according to Vineet Sekhsaria, Head of Prologis India. “We have more projects in the pipeline. While we will primarily develop them independently, we are open to partnerships to scale and expand,” he added.

As of December 31, Prologis managed a global real estate portfolio spanning 1.3 billion sq. ft., with assets worth $198 billion.

News by Rahul Yelligetti.