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The Wire
24-07-2025
- Business
- The Wire
IndoSpace expands its footprint in Maharashtra with the launch of 'IndoSpace Chakan V in Pune'
MUMBAI, India, July 24, 2025 /PRNewswire/ -- IndoSpace, India's fully integrated supply chain infrastructure services platform has announced the launch of 'IndoSpace Chakan V', its largest industrial park in India. Spanning 188 acres and backed by an investment of USD 120 million, this development is the eighth Industrial and Logistics Park of IndoSpace in the region. IndoSpace currently has an existing footprint of 525 acres in Pune region. Located within MIDC Chakan and strategically positioned along key national and state highways, including the Mumbai-Pune Expressway, Pune-Nashik Highway, Pune-Ahmednagar-Aurangabad Highway, and the Bengaluru-Mumbai Industrial Corridor, the park will offer connectivity to industrial hubs across western India. Rail infrastructure further strengthens site accessibility, making it a viable option for manufacturers and logistics operators looking for proximity to consumption centres and ports. Pune's industrial and logistics market, including the Chakan–Talegaon corridor, achieved 6.7 million sq. Ft absorption in 2024. IndoSpace Chakan V will support ongoing demand from industries such as automotive, engineering, electronics, and third-party logistics. "Chakan has cemented its role as a high-demand manufacturing hub, driven by its strong connectivity and industrial ecosystem," said Anshuman Singh, Managing Director & CEO, IndoSpace. "With IndoSpace Chakan V, we are strengthening our ability to support the evolving requirements of India's industrial growth and logistics transformation. This park reinforces our long-term commitment to enabling India's next phase of infrastructure-led economic expansion." IndoSpace Chakan V in Pune is designed with state-of-the-art smart infrastructure and sustainability-driven solutions. The park will offer flexible built-to-suit (BTS) options, catering to the evolving needs of diverse industries. It incorporates low-carbon materials, energy-efficient LED lighting, and advanced digital smart park technology with RFID sensors. The park also offers emission-free electric bikes for intra-park mobility, an auto-repair centre, childcare facilities, and dedicated sports zones. ABOUT INDOSPACE IndoSpace is India's fully integrated supply chain infrastructure services platform. With over 60 million square feet of infrastructure across 50 strategically located hubs since its inception in 2007, IndoSpace powers over 150 industry leaders across Manufacturing, Electronics, 3PL, E-Commerce, Retail, and Automotive sectors. Aligned with the vision of PM Gati Shakti, the National Logistics Policy (NLP), and Make in India, IndoSpace is contributing to India's supply chain industry by delivering scalable, and sustainable infrastructure services that enhance efficiency and accelerate manufacturing growth. By seamlessly integrating technology, sustainability, and operational efficiency, IndoSpace is shaping logistics ecosystems, solidifying its role as an enabler in India's growth narrative. Source: • Year End 2024 Pune Industrial & Logistics Market Watch by Savills Logo: (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
Business Standard
24-07-2025
- Business
- Business Standard
IndoSpace expands its footprint in Maharashtra with the launch of 'IndoSpace Chakan V in Pune'
PRNewswire Mumbai (Maharashtra) [India], July 24: IndoSpace, India's fully integrated supply chain infrastructure services platform has announced the launch of 'IndoSpace Chakan V', its largest industrial park in India. Spanning 188 acres and backed by an investment of USD 120 million, this development is the eighth Industrial and Logistics Park of IndoSpace in the region. IndoSpace currently has an existing footprint of 525 acres in Pune region. Located within MIDC Chakan and strategically positioned along key national and state highways, including the Mumbai-Pune Expressway, Pune-Nashik Highway, Pune-Ahmednagar-Aurangabad Highway, and the Bengaluru-Mumbai Industrial Corridor, the park will offer connectivity to industrial hubs across western India. Rail infrastructure further strengthens site accessibility, making it a viable option for manufacturers and logistics operators looking for proximity to consumption centres and ports. Pune's industrial and logistics market, including the Chakan-Talegaon corridor, achieved 6.7 million sq. Ft absorption in 2024. IndoSpace Chakan V will support ongoing demand from industries such as automotive, engineering, electronics, and third-party logistics. "Chakan has cemented its role as a high-demand manufacturing hub, driven by its strong connectivity and industrial ecosystem," said Anshuman Singh, Managing Director & CEO, IndoSpace. "With IndoSpace Chakan V, we are strengthening our ability to support the evolving requirements of India's industrial growth and logistics transformation. This park reinforces our long-term commitment to enabling India's next phase of infrastructure-led economic expansion." IndoSpace Chakan V in Pune is designed with state-of-the-art smart infrastructure and sustainability-driven solutions. The park will offer flexible built-to-suit (BTS) options, catering to the evolving needs of diverse industries. It incorporates low-carbon materials, energy-efficient LED lighting, and advanced digital smart park technology with RFID sensors. The park also offers emission-free electric bikes for intra-park mobility, an auto-repair centre, childcare facilities, and dedicated sports zones. ABOUT INDOSPACE IndoSpace is India's fully integrated supply chain infrastructure services platform. With over 60 million square feet of infrastructure across 50+ strategically located hubs since its inception in 2007, IndoSpace powers over 150+ industry leaders across Manufacturing, Electronics, 3PL, E-Commerce, Retail, and Automotive sectors. Aligned with the vision of PM Gati Shakti, the National Logistics Policy (NLP), and Make in India, IndoSpace is contributing to India's supply chain industry by delivering scalable, and sustainable infrastructure services that enhance efficiency and accelerate manufacturing growth. By seamlessly integrating technology, sustainability, and operational efficiency, IndoSpace is shaping logistics ecosystems, solidifying its role as an enabler in India's growth narrative.
Time of India
23-07-2025
- Business
- Time of India
IndoSpace to invest over 1,000 cr to develop 188-acre logistics park in Pune's Chakan
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Integrated supply chain infrastructure services platform will be investing over $120 million or Rs 1,037 crore to develop an industrial and logistics park spread over 188 acres in Pune's Chakan will be the company's eighth logistics park in Pune, where it already has a 525-acre footprint, the company said in a industrial and logistics market, including the Chakan–Talegaon corridor, achieved 6.7 million sq ft absorption in 2024. The upcoming park is expected to support ongoing demand from industries such as automotive, engineering, electronics, and third-party logistics.'Chakan has cemented its role as a high-demand manufacturing hub, driven by its strong connectivity and industrial ecosystem,' said Anshuman Singh, MD & CEO, IndoSpace. 'With IndoSpace Chakan V, we are strengthening our ability to support the evolving requirements of India's industrial growth and logistics transformation.'Located within MIDC Chakan and strategically positioned along key national and state highways, including the Mumbai-Pune Expressway, Pune-Nashik Highway, Pune-Ahmednagar-Aurangabad Highway, and the Bengaluru-Mumbai Industrial Corridor, the park is expected to offer connectivity to industrial hubs across western India, the company said.
Hindustan Times
25-06-2025
- Automotive
- Hindustan Times
Monitoring tech live on Dwarka, Delhi-Ggn e-ways; violators to face fines soon
Commuters using both Dwarka Expressway and Delhi-Gurgaon Expressway will start receiving challans for traffic violations detected by cameras installed under the advanced traffic management system (ATMS) within the next 15 days, with the integrated traffic command and control centre of the National Highways Authority of India (NHAI) on Dwarka Expressway now operational, officials said. Testing of the system has been underway for the past month and a half, and challan issuance is expected to begin in the next 15 days, officials added. (Parveen Kumar/HT Photo) A senior NHAI official said on Tuesday that 190 cameras have been installed along the 56.46-km stretch — covering 28.46 km of Dwarka Expressway and 28 km of the Delhi-Gurgaon Expressway from Shiv Murti (Mahipalpur) to Kherki Daula toll plaza. These cameras will be used for both real-time surveillance and traffic enforcement. Testing of the system has been underway for the past month and a half, and challan issuance is expected to begin in the next 15 days, officials added. According to a highway project contractor, the officials are coordinating with both Gurugram and Delhi traffic police, who will issue challans after violations are flagged by the command and control centre located at Bijwasan. Around 600 violations are currently being recorded daily, the official added. The ATMS monitors 11 types of violations, including overspeeding, two-wheeler movement on expressways (which is prohibited), not wearing seat belts or helmets, triple riding, wrong lane or side driving, stopping on the carriageway, and illegal parking. Speeding and two-wheeler access were cited as the most common violations so far, according to officials. To implement and operate this ₹ 17-crore ATMS project, the highway authority appointed the project contractor for five years. 'A team of 50 operators works in three shifts at the traffic control centre to flag violations using the automated system,' said Anshuman Singh, managing director of Superwave Communication, the contractor. Officials said that in order to ensure comprehensive coverage, Indian Highways Management Company Ltd (IHMCL) has installed 110 high-resolution PTZ (pan-tilt-zoom) cameras at every kilometre. 'Ten AI-enabled Video Incident Detection and Enforcement Systems (VIDES) have also been deployed,' said AR Chitranshi, chief operating officer, IHMCL. He said VIDES can detect 14 types of violations and incidents with high accuracy using advanced sensors, including Automatic Number Plate Recognition (ANPR), radar units, and overview cameras.
Mint
15-06-2025
- Business
- Mint
IndoSpace appoints Stellar Value Chain founder Anshuman Singh as MD and CEO
Bengaluru: Everstone Group-backed IndoSpace, India's largest warehousing developer, has appointed Anshuman Singh, founder of Stellar Value Chain Solutions, as its managing director and chief executive, said two people familiar with the development. Rajesh Jaggi, who played a key role in building the IndoSpace business and managing it, will continue as vice-chairman (real estate) at the Singapore-based private equity firm. IndoSpace, founded in 2007, is a joint venture between private equity firm Everstone Group and industrial real estate company Realterm. In 2023, global logistics provider CEVA Logistics acquired Stellar Value Chain, a third-party logistics firm Singh founded in 2016. Before that, he had co-founded Future Supply Chain Solutions Ltd. 'Anshuman Singh, with his extensive experience in the logistics space, has joined IndoSpace to steer the future growth of the company, in terms of development of assets and leasing, and acquisitions in an opportunistic manner. The company is also planning value-added services for its clients as a new offering,' said the first of the two people cited earlier, both of whom requested not to be named. An IndoSpace spokesperson didn't respond to queries. IndoSpace is the largest developer and operator of Grade A industrial and logistics real estate with a pan-India network of over fifty logistics parks, spanning 60 million sq. ft across 11 cities. The warehousing and logistics sector in the country has seen sustained interest from global investors who are looking to buy good-quality warehousing assets or entire portfolios from developers and operators. 'With a mature, institutionally-backed asset portfolio, IndoSpace is looking to monetize it. It has been exploring the possibility of an infrastructure investment trust (InvIT) or an initial public offering (IPO) in the medium term,' said the second person. Last year, IndoSpace sold 2.5 million sq. ft of warehousing space to Alta Capital for around $100 million. The warehousing assets were located at Pune and Sri City, Andhra Pradesh. Market leader IndoSpace competes with Blackstone-owned Horizon Industrial Parks, Ascendas Firstspace, ESR India among others in an asset class which has witnessed growing demand for modern warehousing and industrial facilities, and a solid appetite among institutional investors for ready and good-quality industrial assets. 'IndoSpace not only had the first-mover advantage, but it set the tone for warehousing development in India, and built with global standards from the start. In recent years, the market has become competitive with an increasing number of players of global repute,' said Chandranath Dey, India head – operations, business development, industrial consulting & integrated logistics, India, JLL, a property advisory. This year, IndoSpace inked a long-term lease of over 700,000 sq. ft with RenewSys India for warehousing space in Khalapur near Mumbai. It also leased 127,000 sq. ft in Pune to Steelcase Asia Pacific Holdings.
