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Construction Ticker June 2024

Toshiba Johnson Elevators (India) Private Limited (hereinafter referred to as TJEI), a leading elevator and escalator company, recently announced winning a prestigious orders to supply 60 high-speed ELCOSMOIIIL elevators to Tulip Group’s Platinum Collection – TULIP MONSELLA.  Tulip Monsella is an ultra-luxurious project located in one of Gurugram’s prime locations, Golf Course Road, sprawling across 20 acres under the Transit Oriented Development. This mixed-use group housing development consists of 10 residential towers standing majestically at 145m with 36 to 40 floors each and an exclusive commercial tower with limited 14 units. The project is also home to the iconic “SKY HUB”, symbolizing the pinnacle of opulence. Thrilled over this new association,  Katsuhiko Sato, Managing Director, TJEI said, “Toshiba has an unwavering dedication to deliver exceptional elevators that consistently surpass the expectations of our valued customers. The trust placed by Tulip Infratech in Toshiba Elevators reflects our ability to enable people to move smoothly, safely, comfortably and quickly in a graceful and luxurious urban environment. It is a privilege to be chosen as partner by Tulip Infratech and we embrace this responsibility with great pride, ensuring that every elevator we install carries the hallmark of Toshiba’s excellence in quality, safety, reliability, and elegance.” Speaking on the occasion, Parveen Jain, CMD, Tulip Infratech said, “In the realm of Tulip’s luxury residential projects, every detail matters. Imbibing this philosophy, every installation chosen at Monsella stands as an architectural masterpiece, seamlessly blending functionality and beauty. In the realm of luxury, time is precious, and elevators are pivotal to this luxury experience. Toshiba Elevators embraces this fusion of sleek design, intelligent systems, and whisper-quiet operation creates an environment where luxury and convenience coexist in perfect harmony. Their unrivalled technology and craftsmanship make them the perfect partner in curating extraordinary experiences.” TJEI will install, maintain, and operate its 60 high-speed ELCOSMO-IIIL elevators running at 3.0 meters per second that will reduce the average wait-time and ride-time for the residents of the premium residential luxury project. ELCOSMO-IIIL is the perfect amalgamation of technologically advanced features, style and comfort in a sustainable design. Leading the way to a green future, Toshiba creates cutting-edge technologies that offer various eco-friendly products to the market, with safe, comfortable and environmentally-conscious design. With the “ELCOSMO-III” series, elevators consume 50% less energy compared with their precedents. Reduced energy consumption is accomplished by state-of-the-art technology such as a regenerative system, LED lighting, lighterweight cabin design, advanced control system and PMSM motor. Newly-developed eco-conscious dry type lubrication oil free roller guides provide enhanced smooth riding comfort for users. Unlike other companies where maintenance is relegated to a third party, TJEI maintains all installations in-house, leading to excellent service quality and ability to predict any maintenance issues that may occur. Specialized certifications and in-house engineer training programs are conducted to keep the team upbeat with latest updates in elevator safety. With an overwhelming focus on after-sales, TJEI offers maintenance and repair services in India, in both Tier I and Tier II cities with a guaranteed on-call service within 30-minutes for emergency situations, and 60-minutes for normal call back. Continuing its growth momentum, TJEI has established a foothold in 18 of India’s major cities and is working with over 300 renowned customers across the country. With a dedicated Training Centre & Distribution Centre established in India, TJEI has further improved the efficiency of on-site work. Through its technical expertise and understanding of local demand, TJEI stands committed to providing safe, reliable, world class vertical transportation solutions that turn on the promise of a new day in India.

Birla Estates, the realty arm of Aditya Birla Group’s Century Textiles and Industries, is set to transform a 13.27-acre land parcel in Gurugram into a luxury housing project with a revenue potential of Rs.5,000 crore. This development comes through a joint venture agreement with Barmalt India, providing a development potential of 2.4 million square feet, according to a company release.

Situated in an upscale micro-market in Gurugram, the project boasts excellent connectivity to Cyber City, Golf Course Road, and Sohna Road, along with proximity to commercial hubs such as City Centre 29, Signature Towers, 32nd Avenue, and Crowne Plaza. The location also offers easy access to the metro line.

The micro-market features premium residential developments, schools, hospitals, and 5-star hotels, enhancing the appeal of the new project.

This development marks Birla Estates’ further expansion into the Delhi-National Capital Region (NCR). Last fiscal year, the company sold houses worth Rs.277 crore in the area, with 13.5% of its total projects located in NCR.

A recent entrant to the real estate market, Birla Estates has projects in Mumbai, Bengaluru, NCR, and Pune, with a revenue potential exceeding Rs.45,000 crore across 24.4 million square feet. The company owns nearly 76 acres of land in these cities, with a gross development value of approximately Rs.14,500 crore.

Ashar Group is proud to announce the launch of its latest project, ‘Ashar Merac,’ located in Shree Nagar, also known as the Mulund Thane Corridor (MTC). This significant launch marks a triumphant return to the locality where Ashar Group initiated its first project in 2001 (Ashar Estate), symbolizing a heartfelt return to the company’s roots. ‘Ashar Merac’ is one of the largest residential developments in Thane in recent history, sprawling over an impressive 11 acres, with phase one covering 4 acres. Upon completion, this project will feature over 2000 residential units, showcasing the grand scale and ambition of Ashar Group’s vision for modern urban living.

Designed by renowned architect Padma Bhushan Hafeez Contractor, Ashar Merac boasts expansive 1, 2, and 3-bedroom residences with sweeping decks, offering maximized living spaces that perfectly balance form and function. Phase 1 of the project will feature over 1,10,000 square feet of amenities spread across three levels, providing residents with a variety of recreational options including jogging, skating, mini-golf, and multi-purpose courts. One of the highlights of Ashar Merac is ‘The Oasis,’ one of Thane’s largest podiums, which includes a massive swimming pool perfect for unwinding. Additionally, thoughtfully designed green sit-outs, hammock gardens, and cabana seats create inviting spaces for relaxation and leisure. Another standout feature is “The Nest” on the 20th level, offering 25,000 sq. ft. of luxurious amenities, including a yoga studio, open gym, and stargazing deck.

Ajay Ashar, Chairman of Ashar Group, added, “Ashar Merac is not just a residential project; it is a statement of our dedication to creating spaces that enhance the quality of life. We believe this development will set new benchmarks in luxury living in Thane. This development embodies our ‘Promises Delivered’ commitment, offering residents a holistic lifestyle that effortlessly combines urban sophistication with natural beauty. Perfectly positioned at the border of Thane and Mulund, it provides residents with close proximity to nature while offering excellent connectivity to surrounding localities and the Mumbai Metropolitan Region.”

Nestled between the lush greenery of the Sanjay Gandhi National Park (SGNP) and the dynamic cityscapes of Mulund and Thane, ShreeNagar, MTC is set to become a focal point for real estate and infrastructural growth. The Mulund Thane Corridor (MTC), a picturesque 5 km stretch in Eastern MMR backed by the scenic Yogi Hills, promises an enviable lifestyle along with abundant business opportunities. The area boasts Thane’s first-ever international school, Finland International School (formerly Billabong High International School), enhancing its appeal to families seeking quality education.

Upcoming infrastructure projects like the Thane Bypass Road and the Twin Tube Tunnel from Thane to Borivali are expected to significantly boost property values and foster a contemporary ecosystem in the region. ShreeNagar, MTC also serves as a residential extension of Wagle Estate, offering convenient access to both Mulund and Thane Railway Stations.

“We are thrilled to launch Ashar Merac, a project that reflects our enduring commitment to quality and excellence. Designed for luxury living within a gated community, Ashar Merac boasts world-class amenities.” said Ayushi Ashar, Director of Ashar Group. “Returning to ShreeNagar, MTC where it all began for us, is incredibly meaningful and exciting. With this project we will be delivering over 25 lakh sq. ft. of premium real estate over the course of the next 5 years”

Nuvoco Vistas Corp. Ltd., India’s fifth-largest cement group, launched its ground-breaking product, Ecodure Thermal Insulated Concrete, on this World Environment Day. The revolutionary material provides an eco-friendly solution to the challenges of global warming and rising indoor temperatures by enhancing energy efficiency and reducing cooling costs in buildings.

Ecodure Thermal Insulated Concrete is a technological breakthrough in construction materials, formulated with specialised aggregates that exhibit lower thermal conductivity than conventional concrete. This advanced blend helps reduce indoor temperatures by up to 3°C, providing a sustainable way to combat the rising heat associated with global warming.

Additionally, it also reduces the cooling load and Energy Use Intensity (EUI) in buildings, resulting in several benefits – a 5% decrease in building EUI, a 6% reduction in space cooling load, and a 7% decrease in cooling capacity requirement. Moreover, its reduced density contributes to a lighter building load, which can lower construction costs. Ecodure also helps reduce buildings’ overall carbon footprint through embodied carbon reduction.

This product is ideal for residential, industrial, and institutional buildings. It will be readily available across India through Nuvoco’s RMX Plants, starting June 5, 2024.

Prashant Jha, the Chief of Ready-Mix (RMX) Concrete at Nuvoco Vistas Corp. Ltd, expressed his enthusiasm for the recent launch, stating, “At Nuvoco, sustainability is paramount, and yet again demonstrated on this World Environment Day by the launch of our innovative product Ecodure Thermal Insulated Concrete. This reflects our commitment to innovation. Ecodure exemplifies our vision of providing solutions that benefit both our clients and the environment by addressing the critical issues of energy consumption and indoor temperature regulation. This launch marks a key milestone in our quest to promote a greener, more energy-efficient future. It is our belief that Ecodure will establish a new industry standard, resulting in more sustainable construction practices and significantly contributing to climate change mitigation.”

Runwal, one of the prominent real estate developers in Mumbai, has unveiled its finest tower – Breeze, part of their marquee project – Runwal Lands End, Kolshet’s finest gated community in the Thane region. The tower, Breeze, offers 500+ units in 1-2 BHK configurations, available for buyers at Rs.62 Lacs – Rs.1.10 Cr. The Tower has already received a phenomenal response from the past couple of weeks.

With a tower designed to provide space and privacy, the entire development boasts more than 70% open area. This new tower offers Vaastu-compliant homes, each providing a breathtaking panoramic view of the expansive green landscape and an overview of the Ulhas River. The spectacular view reflects a sense of calm and tranquillity.

The development is designed to align with the vision of creating a harmonious convergence of land, water, and sky, optimizing the natural beauty of the region. This also resonates with Runwal’s vision of creating new and elevated urban living spaces that cater to the evolving new-age buyers.

Runwal Lands End is designed for those who seek serene and comfortable living. The development has seven towers, spread across 10 acres of land and are nestled among 1,600 acres of lush green scenery. It also features one of the largest multilayered clubhouses in the region and an impressive array of over 70 resort-style amenities spread across 6 acres, offering breathtaking views of the Ulhas River from every home. Exclusive amenities include a putting golf area, a sunrise gazebo, a swimming pool, multi-purpose courts, a dance arena, and a sand beach, along with about 1 lac sq. ft. of vehicle-free podium area, ensuring a lifestyle of luxury and leisure.

Commenting on the new tower launch, Sandeep Runwal, Managing Director of Runwal, stated, “We’re thrilled to present Runwal’s latest tower – Tower Breeze at Runwal Lands End. The new tower launch is to cater the exceptional living experiences of our buyers. The new tower exemplifies our commitment to crafting extraordinary living spaces that blend luxury, comfort, and innovation. With its contemporary design, top-notch amenities, and convenient location, Runwal Lands End sets a new benchmark for luxury living.”

With extensive infrastructure development and multi-modal connectivity, Kolshet, Thane emerges as a lucrative location for developers. The serenity and high AQI of the region add to the environment-friendly living experience. Additionally, socio-economic development with a plethora of educational institutions and leisure options, such as various shopping and dining experiences in the vicinity, has been another key contributor to the overall demand in the region.

Key infrastructure developments in Kolshet include the proposed Kolshet-South Mumbai-Vasai Waterway, Mumbai Metro Lines 4 and 5, the Borivali-Thane Tunnel, and Thane Road, which will improve connectivity. Proposed projects like the link road to Bhiwandi Naka and an underground railway to CSMT will further enhance accessibility. These advancements signify Kolshet’s socioeconomic growth and its evolution into a thriving urban centre.

Dharavi Redevelopment Project Pvt. Ltd. (DRPPL), a special purpose vehicle formed by the state government and the Adani group, has requested a five-year lease for 15 acres of land in Bandra Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA).

In November 2022, the Adani group secured the bid to redevelop Dharavi with an initial investment of Rs.5,069 crore. According to sources, DRPPL plans to use the BKC land, previously a Metro works casting yard, to store heavy machinery essential for Dharavi’s redevelopment.

An MMRDA official stated, “In a letter dated June 11, Dharavi Rehabilitation Project’s (DRP) deputy collector requested this land at commercial rates, agreeing to abide by MMRDA’s terms and conditions if the land is allocated.” MMRDA is currently deliberating on this request.

DRPPL is actively seeking land outside the Dharavi slum area to support this extensive project. On March 13, 2024, the Railway Land Development Authority (RLDA) transferred 27.57 acres, including a scrapyard near Mahim station, to DRPPL. This land is crucial for the redevelopment project, which spans 600 acres and houses nearly 12 lakh residents. The redevelopment plans include constructing around 1-1.5 lakh tenements of 350 square feet each for eligible residents.

Additionally, DRPPL has requested 12 acres of land from the Brihanmumbai Electric Supply and Transport (BEST) undertaking. This includes two prominent bus depots in Sion East — Dharavi and Kalakilla. These depots, built in 1980 and January 2016 respectively, have a total parking capacity for about 300 buses. The 12-acre area also includes offices for the BEST transport and power supply divisions, staff housing for 60 personnel, and amenities for drivers and conductors.

In February 2024, the Maharashtra cabinet approved a proposal to ask the Centre to hand over 283.4 acres of salt pan land at the current market value to the state for the Dharavi Redevelopment Project on a 99-year lease. This is an exception to the usual 30-year government land lease policy.

DRA Homes, a real estate developer in Chennai, has announced plans to develop 400 upscale sea-view apartments on OMR in Chennai. The project follows the company’s acquisition of 3.43 acres of prime land in Navalur. Spread over 7 lakh square feet, DRA Homes aims to launch the project in the first quarter of 2025, according to a company statement. Navalur, known for its dense population and ecosystem of office spaces, residential areas, retail outlets, schools, colleges, and hospitals, is expected to be an ideal location for the new development.

“We are thrilled about our latest project in OMR. The sea-view apartments will offer an unparalleled living experience, combining luxury with a unique lifestyle experience,” said Ranjeeth Rathod, Managing Director of DRA Homes.

With this new project, DRA Homes is projected to generate a top-line of Rs.650 crore over the next four years.

Asia Pacific-focused real estate services and investment major ESR Group has acquired additional 27 acres of land to expand its industrial and logistics park in Chennai’s Oragadam. With this acquisition, the expanded area of ESR Oragadam Industrial & Logistics Park will now span 107 acres with a development potential of 2.5 million sq ft.

The Hong Kong Stock Exchange-listed company will be investing over Rs.276 crores for the construction and development, including land cost, of the additional space at this warehousing hub.

This latest expansion builds upon the delivery of ESR Oragadam’s first two phases, which counts many key occupiers including electromechanical solutions provider CUBIC, automotive research and development firm A2Mac1, and specialty labelling company CCL.

“ESR’s expansion in Oragadam is a pivotal step in our support for Tamil Nadu’s commitment to becoming a major industrial hub. This project transcends Grade A industrial buildings. By upgrading the supply chain with modern infrastructure, we are empowering a new era of advanced manufacturing and logistics for customers and communities. This expansion positions ESR as a contributor to Tamil Nadu’s industrial transformation,” said Abhijit Malkani, CEO of ESR India.

According to him, integrating green building practices and sustainable infrastructure into the project’s design will enable businesses to operate efficiently while minimising their environmental impact.

The company’s additional investment will provide the opportunity for other major customers to establish their operations in the Oragadam-Sriperumbudur precinct, which has witnessed robust demand for Grade A industrial buildings in the past two years. In addition, sizable contiguous land parcels are scarce in Oragadam, making ESR’s industrial and Logistics Park highly valuable.

ESR Oragadam is strategically located along State Highway 48, with multimodal connectivity by air, road, rail, and sea, as well as access to three major ports aiding international trade.

Tamil Nadu boasts the second-largest industrial base in the country with Oragadam being a leading manufacturing destination for automobile, auto ancillary, defense, electronics, renewable energy, and aerospace. This well-developed hub caters to a diverse range of customers, such as Daimler, Royal Enfield, Apollo Tyres and Komatsu, alongside leading manufacturers in electronics and engineering.

ESR Group is Asia-Pacific’s leading new economy real asset manager and one of the largest listed real estate investment managers globally.

ESR India is a part of ESR Group, Asia-Pacific’s leading real asset manager for new economy sectors like logistics, manufacturing, data centres, life sciences, infrastructure, and renewables. ESR India manages 22 industrial and logistics parks with a total assets under management of $1.7 billion and a gross floor area of 2.8 million sq meters as of December.

With an upsurge in the share of organised retail and e-commerce, supported by emerging sectors such as electric vehicles and semiconductors, the industrial and logistics asset class is expected to outperform other real estate and infrastructure asset classes in the medium term.

In India, a favourable regulatory environment, along with the government’s support through policy and reforms, has started to boost spending in infrastructure and in turn the overall demand for modern warehousing.

KONE Elevator India, a fully owned subsidiary of KONE Corporation, is expanding its footprint and establishing a new office in Kalyan, Maharashtra, marking a significant milestone in the company’s growth and expansion strategy. The new office’s location has been chosen strategically with customer-centricity as the top priority.

Located in 402/403, Seasons Business Centre, Shivaji Chowk, Kalyan, the new office emphasizes KONE’s commitment to improve the flow of urban life and covers all aspects of business such as, sales, installation, service, AMC and Modernisation, to support increasing customer demand and expectations in the state of Maharashtra thereby delivering exceptional value for the customers. This expansion will enable KONE to better serve its valued customers and partners in Maharashtra, further solidifying its position as a pioneer in the elevator and escalator industry.

Speaking at the inaugural ceremony,  Amit Gossain, Managing Director, KONE Elevators India, said “Maharashtra is an important market for us, and we are excited to expand our presence here. We already have multiple offices in Maharashtra.This expansion reflects our commitment to our customers and stakeholders in the Kalyan area. By establishing an office here, we will come even closer to customers and will continue to offer superior service and support while reinforcing our commitment to excellence and innovation. We are committed to providing innovative and sustainable solutions that meet the evolving needs of our customers. In the coming years, the country will need even bigger focus on urban development and our workforce is well equipped to lead this technological advancement and infrastructure development.

I take this opportunity to thank our customers for their immense trust on us. It is their continued support and belief in KONE Culture and Values, that drive us to consistently evolve, innovate and adapt to the ever-changing customer needs.”

KONE has a good presence in West part of India with offices in Mumbai, Navi Mumbai, Pune, Nasik, Nagpur, Amravati, Kolhapur, Ahmedabad, Surat, Vadodara, Raipur, Indore and Bhopal. Expanding brand presence is a crucial aspect of business growth and success. By investing in an expanded office, the company aims to improve productivity, boost employee morale, heighten brand image and enhance customer experience and growth.   

The firm takes pride in being the front-runner in sustainability, innovation and technology in the elevator and escalator industry. Innovation is at the heart of KONE’s business, and the company has been constantly investing in research and development to bring cutting-edge solutions to the market. KONE strives to create products and services that meet the evolving needs of their customers and end-users, while also delivering exceptional performance and reliability. 

Krisumi Corporation, a luxury developer and joint venture between Krishna Group and Japan’s Sumitomo Corporation, announced its plans to invest Rs.2,000 crore in developing 1,051 luxury homes and penthouses at Krisumi City in Gurugram’s Sector 36A. This investment is in addition to the cost of land acquisition.

The development will include two projects spread across 5.88 acres, named “Waterside Residences III” and “Waterfall Suites II.” These projects will feature four towers offering 1-BHK to 4-BHK luxury apartments and penthouses, ranging from 940 square feet to 10,316 square feet in size. The total developable or built-up area will span 2.3 million square feet, with an expected completion date set for December 2029.

Waterfall Suites II will offer apartments priced from Rs.2.17 crore to Rs.2.67 crore, along with penthouses starting at Rs.25 crore. Waterside Residences III will feature homes ranging between Rs.4.08 crore and Rs.6.16 crore, with penthouses starting at Rs.13.36 crore.

Vineet Nanda, Director of Sales and Marketing at Krisumi, noted the overwhelming interest, with 1,024 expressions of interest received in a single day. “We are currently in the process of selecting buyer profiles for allotment,” he said, emphasizing a market trend towards larger luxury apartments post-pandemic. The company aims to achieve a total revenue of Rs.4,000 crore from this project.

In addition to residential units, Krisumi plans to develop a state-of-the-art club spanning 2 acres, with a built-up area of approximately 160,000 square feet in Sector 36A. An investment of Rs.350 crore will facilitate amenities such as indoor futsal, paddle, table tennis, badminton, basketball, cricket nets, and squash courts, all within a climate-controlled environment. The club will also include a gymnasium, steam rooms, saunas, spa facilities, heated indoor plunge pool, outdoor swimming pool, card room, library, business center, meeting rooms, and co-working spaces.

Krisumi City, an integrated township, is poised to redefine luxury living in Gurugram. Phase-I of the development, “Waterfall Residences,” comprising 433 units, is nearing completion, while Phase-II, “Waterfall Suites,” launched in May with 320 units, is slated for delivery by Q4 2028.

Mohit Jain, Managing Director of Krisumi Corporation, expressed their vision beyond real estate, aiming to deliver a 5-star lifestyle akin to hospitality standards at Krisumi City. Yuji Kato, Director and Co-CEO, affirmed their confidence in the Indian real estate market’s potential, citing the success of previous phases and strong response to the new launch.

Birla Estates Pvt. Ltd., a 100% wholly owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, is all set to expand its presence in Pune with a land acquisition in Manjri, Pune. The land parcel is spread across 16.5 acres with a development potential of approx. 32 lac sq ft and an estimated revenue potential of Rs.2,500 Cr.  A part of an Integrated Township, the proposed development will offer a variety of residential unit configurations. Located in the rapidly emerging micro-market of Manjri, Pune, the project is situated on the Pune-Solapur Highway offering seamless connectivity to several IT hubs, including Kharadi, Magarpatta, and Phursungi, as well as the Hadapsar MIDC. Commenting on this development, K. T. Jithendran, MD & CEO at Birla Estates said, “Pune is a strategic market for us and this acquisition is a step towards our ambitious growth plans. The Pune Sholapur corridor is transforming at a rapid pace and we intend to enhance living standards in Manjri by delivering meticulously designed homes that seamlessly integrate contemporary architecture with thoughtfully chosen amenities.”

Furthermore, the project is conveniently connected to educational institutions, healthcare facilities, and shopping centers, making it a lucrative investment opportunity. The area is poised for substantial growth due to its excellent connectivity to the Pune Ring Road.

CJ Darcl Logistics Ltd. (CJ Darcl), a diversified multimodal logistics company, has leased over 1.25 lakh square feet of warehousing space in the Narasapura Industrial and Logistics Park of IndoSpace, for a period of 9 years.

IndoSpace is India’s largest developer of Grade A industrial and logistics real estate with 52 logistics parks spread across 58 million square feet delivered and under development across 11 cities.

A leading diversified logistics service provider in India, CJ Darcl offers multimodal capabilities and is a market leader in the full truckload (FTL) segment.

The company has built an extensive pan-India network covering road/FTL, rail/multimodal, air cargo, and shipping/coastal transportation with a ‘technology-first’ approach. The Warehousing and Distribution (W&D) division of CJ Darcl, which has leased the space from IndoSpace offers, services such as shelf-life maintenance, product mixing, packaging, cross-docking, bar-code scanning, order-fulfilment and other ancillary services.

The IndoSpace Narasapura Industrial and Logistics Park is in a flourishing industrial area. Built on a plot spread across 64 acres, the park is strategically located just 54 kilometres from Bengaluru city centre. It is equipped with superior infrastructure, world-class amenities, and sustainable solutions, making it an ideal choice for businesses seeking to expand their operations in the region. The logistics park has also achieved the prestigious Indian Green Building Council (IGBC) Platinum Rating, reflecting IndoSpace’s dedication to environmentally friendly practices.

Rajesh Jaggi, Vice Chairman – Real Estate, The Everstone Group, stated that “We’re thrilled to announce our partnership with CJ Darcl, extending a warm welcome to their team at our cutting-edge facility in Narasapura. This collaboration not only symbolizes our shared commitment to excellence but also strategically positions CJ Darcl to leverage IndoSpace’s expansive reach across 11 cities and 52 parks, facilitating their growth in key consumption and manufacturing hubs across India. Moreover, our Grade A and 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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