Macrotech Developers invests Rs 330 cr in Warehouse project

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With rising demand from e-commerce and third-party logistic companies, realty firm Macrotech Developers is all set to invest Rs 330 crore to develop a premium warehousing project in Mumbai.

The company has acquired around 8 acres of land in Kurla, Mumbai. The land will be used for the development of about 4 lakhs square feet of Grade-A in-city fulfilment centre to provide the last mile warehousing infrastructure to 3PL, e-commerce and quick-commerce companies.

Shaishav Dharia, Director, Lodha Green Digital Infrastructure, said this is the second acquisition in Mumbai.

“We see that there is a huge demand for Grade-A digital infrastructure in our country and we are aligned with our aim to develop industrial and logistics parks as well in-city logistics assets across multiple cities in India,” he said.

This is the second acquisition by the LGDI platform in Mumbai and it seeks to acquire more such assets in the city and other key consumption/manufacturing hubs across India like Pune, Bangalore, NCR, and other cities.