Panattoni Group to invest 100m euros in industrial park in Delhi-NCR
The US-based Panattoni Group announces a 100 million Euro investment in an 8 million sq. ft. industrial park in the Delhi-NCR region, marking its entry into the Indian market. The first project, covering 18 acres along National Highway 352, is strategically located near Luhari and Farrukhnagar. The initial phase, slated for completion by January 2025, spans 717,000 sq. ft. with a potential built-up area of 360,000 sq. ft. Panattoni plans to focus on Bengaluru, Pune, Chennai, and Delhi-NCR initially, aiming to expand land holdings in the same vicinity. The industrial park aims to attract retailers, 3PL, e-commerce, and industrial occupiers, targeting e-commerce clients and light industrial manufacturing companies for network expansion. The company envisions developing warehousing and industrial facilities ranging from 30 to 200 acres across major cities in India.