Horizon Industrial Parks, backed by Blackstone Real Estate funds, is making significant strides in expanding its footprint in Pune with the commencement of its second logistics park, Chakan V. Spanning an expansive 100 acres, Chakan V is strategically situated in Chakan, a pivotal industrial hub renowned for its well-established social and economic infrastructure. Its strategic location near Mumbai and Pune, facilitated by the Mumbai-Pune Expressway and JNPT Seaport connectivity, makes it a prime choice for industrial and logistics operations.
This expansion follows the successful development of the 52-acre Chakan II park, which has already attracted a diverse range of high-profile tenants from sectors including auto components, engineering, and third-party logistics services.
According to Urvish Rambhia, a principal at Blackstone, breaking ground on Chakan V is a significant milestone, demonstrating their commitment to providing high-quality logistics assets in strategic locations. The increasing adoption of e-commerce and robust industrial growth are driving strong demand for modern warehouses in India.
The development of Chakan V underscores Blackstone’s commitment to investing in India’s logistics infrastructure and providing world-class facilities to meet the evolving needs of businesses in the region. With its cutting-edge design and premium amenities, Chakan V is poised to set new benchmarks in the logistics and industrial real estate sector, further enhancing Pune’s position as a key player in India’s industrial landscape.
