Panattoni launches its first project in India with Rs 110 cr investment
Real estate developer Panattoni has announced its inaugural project in India with the Phase 1 launch of Panattoni Park NH71 in Delhi NCR. Panattoni has made an investment of INR 110 crores in the first phase of the project, and over the next one year, the real estate developer, along with its multiple investment partners, plans to invest 100 million euros across projects in the country. The Phase 1 of the project covers an expansive 717,000 square feet, with a potential built-up area of 360,000 square feet.
Sandeep Chanda, Managing Director India at Panattoni, said, “This cutting-edge and environmentally conscious Grade A warehouse park by Panattoni India signifies the company's entrance into the Indian market. Designed to meet diverse industrial requirements, the establishment emphasizes eco-friendly methodologies and innovative infrastructure. The park boasts a strong focus on sustainability, incorporating 100% wastewater recycling. Surrounded by a robust warehousing cluster encompassing Luhari on one side and Farrukhnagar on the other, the park benefits from its proximity to a large congregation of major retailers, 3PL, e-commerce, and industrial occupiers.”
Sandeep Chanda, Managing Director India at Panattoni, said, “This cutting-edge and environmentally conscious Grade A warehouse park by Panattoni India signifies the company's entrance into the Indian market. Designed to meet diverse industrial requirements, the establishment emphasizes eco-friendly methodologies and innovative infrastructure. The park boasts a strong focus on sustainability, incorporating 100% wastewater recycling. Surrounded by a robust warehousing cluster encompassing Luhari on one side and Farrukhnagar on the other, the park benefits from its proximity to a large congregation of major retailers, 3PL, e-commerce, and industrial occupiers.”