Although the precise investment figure from MSREI has not been disclosed, sources suggest that around Rs 3 billion is being invested in Prakhhyat Group, which is responsible for developing the warehousing space. This partnership marks MSREI's entry into the Bhiwandi sub-market of Mumbai. As a result of this endeavor, MSREI has now committed investments to logistics assets exceeding 5.6 million square feet throughout the country.

While MSREI has generally refrained from involvement in office and residential properties recently, it has shown significant activity in the realm of warehousing. In 2021, MSREI collaborated with Macrotech Developers to establish a premium warehousing project near Mumbai, involving an investment of Rs 6 billion. During the same year, it also divested two warehouse properties in India to Mapletree Logistics Trust, a REIT listed in Singapore.

The "One K-Square" project with Prakhhyat will cover a sprawling 25-acre area and adhere to international Grade A specifications for state-of-the-art infrastructure. This development aims to provide advanced warehousing solutions to various sectors, including e-commerce, third-party logistics (3PL) companies, fast-moving consumer goods (FMCG), and consumer durables (FMCD), catering to institutional customers.

Prakhhyat Group will undertake the role of development manager, overseeing project execution, leasing activities, and asset management. Sandeep Bagla, Director of Prakhhyat Group, expressed enthusiasm about leveraging their market experience to create a remarkable logistics development alongside MSREI's expertise.

Anand Iyer, Vice President of MSREI India, affirmed that Industrial and Logistics assets are a central focus within their investment strategy. He expressed pride in collaborating with Prakhhyat Group to establish a top-tier warehousing park within one of the country's most robust logistics clusters.

K Square Logistics Park, a flagship venture of Prakhhyat Group, extends across 156 acres and encompasses a total development area exceeding 4 million square feet. The park accommodates numerous domestic and international tenants from diverse sectors.