Page 29 - Construction_Opportunities_June_2024

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BIRLA ESTATES EXPANDS ITS PRESENCE IN PUNE MARKET well as the Hadapsar MIDC. Commenting
WITH THE ACQUISITION OF 16.5 ACRES LAND PARCEL IN on this development, K. T. Jithendran,
MANJRI MD & CEO at Birla Estates said, “Pune is a
Birla Estates Pvt. Ltd., a 100% wholly owned subsidiary of Century strategic market for us and this acquisition CONSTRUCTION
Textiles and Industries Limited and the real estate venture of the is a step towards our ambitious growth
Aditya Birla Group, is all set to expand its presence in Pune with a plans. The Pune Sholapur corridor is
land acquisition in Manjri, Pune. The land parcel is spread across transforming at a rapid pace and we intend
16.5 acres with a development potential of approx. 32 lac sq to enhance living standards in Manjri by
ft and an estimated revenue potential of `2,500 Cr. A part of delivering meticulously designed homes that seamlessly integrate
an Integrated Township, the proposed development will offer a contemporary architecture with thoughtfully chosen amenities.”
variety of residential unit configurations. Located in the rapidly Furthermore, the project is conveniently connected to educational
emerging micro-market of Manjri, Pune, the project is situated institutions, healthcare facilities, and shopping centers, making it a
on the Pune-Solapur Highway offering seamless connectivity to lucrative investment opportunity. The area is poised for substantial
several IT hubs, including Kharadi, Magarpatta, and Phursungi, as growth due to its excellent connectivity to the Pune Ring Road.
INDOSPACE LEASES OVER 1.25 LAKH SQ. FT TO CJ flourishing industrial area. Built on a plot spread across 64 acres,
DARCL LOGISTICS LTD. IN NARASAPURA, BENGALURU the park is strategically located just 54 kilometres from Bengaluru
CJ Darcl Logistics Ltd. (CJ Darcl), a diversified multimodal logistics city centre. It is equipped with superior infrastructure, world-class
company, has leased over 1.25 lakh square feet of warehousing amenities, and sustainable solutions, making it an ideal choice
space in the Narasapura Industrial and Logistics Park of IndoSpace, for businesses seeking to expand their operations in the region.
for a period of 9 years. The logistics park has also achieved the prestigious Indian Green
IndoSpace is India’s largest developer of Grade A industrial and Building Council (IGBC) Platinum Rating, reflecting IndoSpace’s
logistics real estate with 52 logistics parks spread across 58 million dedication to environmentally friendly practices.
square feet delivered and under development across 11 cities. Rajesh Jaggi, Vice Chairman - Real Estate, The Everstone Group,
A leading diversified logistics service provider in India, CJ Darcl stated that “We’re thrilled to announce
offers multimodal capabilities and is a market leader in the full our partnership with CJ Darcl, extending
truckload (FTL) segment. a warm welcome to their team at our
The company has built an extensive pan-India network covering cutting-edge facility in Narasapura. This
road/FTL, rail/multimodal, air cargo, and shipping/coastal collaboration not only symbolizes our
transportation with a ‘technology-first’ approach. The Warehousing shared commitment to excellence but also
and Distribution (W&D) division of CJ Darcl, which has leased strategically positions CJ Darcl to leverage
the space from IndoSpace offers, services such as shelf-life IndoSpace’s expansive reach across 11
maintenance, product mixing, packaging, cross-docking, bar- cities and 52 parks, facilitating their growth in key consumption
code scanning, order-fulfilment and other ancillary services. and manufacturing hubs across India. Moreover, our Grade A and
The IndoSpace Narasapura Industrial and Logistics Park is in a sustainable warehouses serve as a strategic advantage, providing
CJ Darcl with the infrastructure needed to optimize operations and
drive success in the dynamic logistics landscape.”
Commenting on the partnership, K.K. Agarwal, Managing
Director, CJ Darcl Logistics Ltd., said, “We
are delighted to announce our partnership
with IndoSpace. This collaboration is a
significant step towards enhancing our
warehousing and distribution capabilities.
Together, we aim to deliver exceptional
value to our customers through advanced
warehousing and distribution management
solutions.”
Neeraj Bajaj, Head - W&D, CJ Darcl Logistics Ltd., stated, “At
CJ Darcl, Warehousing and Distribution
(W&D) is a key vertical in which we have
established a strong presence. We believe
this partnership with IndoSpace will open
new avenues for growth and enhance our
W&D capabilities. IndoSpace’s state-of-the-
art infrastructure will enable us to optimize
our logistics operations and strengthen our
presence in across the country.”

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