Batilogistic buys 30 acres from Lodha in Mumbai for Rs 100 cr
WAREHOUSING & LOGISTICS

Batilogistic buys 30 acres from Lodha in Mumbai for Rs 100 cr

Batilogistic, the realty arm of FM Logistic India, has purchased 30 acres of land at the Palava Industrial and Logistics Park in Mumbai from Lodha Developers at Rs 106 crore to develop a warehousing project with a 1 million sq ft potential.

The park is located at Thane of the Mumbai Metropolitan Region (MMR). The deal is part of FM Logistic India's plan to invest Rs 1,140 crore in warehousing activities in India, announced in 2019.

Batilogistic will undertake the development of this land parcel in phases over the next 3-4 years. This development is part of the 290 acre Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha.

Palava Industrial and Logistics Park is now emerging as a hub in the Mumbai region driven by its high-quality infrastructure, well-planned parks, and proximity to Navi Mumbai, JNPT port and upcoming international airport.

FM Logistic in India is a third party logistics company. It has a presence in over 90 locations and manages over 6 million sq ft of warehousing space.

The company, which is part of French firm FM Logistic, provides warehousing and distribution logistics services for the FMCG, retail, automotive, e-commerce, engineering, telecom, pharma, and other sectors. Batilogistic is a real estate player in the service of logistics. It has expertise in the construction and maintenance of Grade A warehouses.

Image Source


Also read: 11 industrial parks to come up in Mumbai and Pune

Batilogistic, the realty arm of FM Logistic India, has purchased 30 acres of land at the Palava Industrial and Logistics Park in Mumbai from Lodha Developers at Rs 106 crore to develop a warehousing project with a 1 million sq ft potential. The park is located at Thane of the Mumbai Metropolitan Region (MMR). The deal is part of FM Logistic India's plan to invest Rs 1,140 crore in warehousing activities in India, announced in 2019. Batilogistic will undertake the development of this land parcel in phases over the next 3-4 years. This development is part of the 290 acre Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha. Palava Industrial and Logistics Park is now emerging as a hub in the Mumbai region driven by its high-quality infrastructure, well-planned parks, and proximity to Navi Mumbai, JNPT port and upcoming international airport. FM Logistic in India is a third party logistics company. It has a presence in over 90 locations and manages over 6 million sq ft of warehousing space. The company, which is part of French firm FM Logistic, provides warehousing and distribution logistics services for the FMCG, retail, automotive, e-commerce, engineering, telecom, pharma, and other sectors. Batilogistic is a real estate player in the service of logistics. It has expertise in the construction and maintenance of Grade A warehouses. Image Source Also read: 11 industrial parks to come up in Mumbai and Pune

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?