News

Written By – Sanu Sandilya

NEW DELHI: Embassy Industrial Parks, a joint venture between realty developer Embassy Group and private equity firm Warburg Pincus, acquired 24 acres in Gurgaon for `38 crore to set up a warehousing facility.

The warehouse on National Highway-8 near Bilaspur Chowk will have a leasable area of 6.1 lakh sq ft. “The company will invest a total of `140 crore in the project,“ said Anshul Singhal, CEO of Embassy Industrial Parks. The deal is a part of a `1,910crore pact the company signed with the Haryana government last year to expand operations in the state.

“We are looking at acquiring more land in the National Capital Region (NCR). Embassy Industrial Parks will continue building world-class facilities around Gurugram (Gurgaon) that will help multinational and domestic companies set up factory operations in the state,“ Singhal said.

The warehouse will cater to companies in third-party logistics, FMCG, ecommerce, pharmaceuticals and retail sectors.

Delhi-NCR garners almost 25% of India’s overall warehousing activity , according to Anshuman Magazine, chairman of India and South East Asia at CBRE, the transaction adviser for the deal.

“Post the goods and services tax (rollout), warehousing activity in the region will moves towards a more systematic mode of operation leading to an inflow of more institutional funding and formal sources of capital,“ Magazine said.

Embassy Industrial Parks recently invested `350 crore to build a 1.1-million sq ft industrial park at Chakan, Pune. The group is planning to invest about `1,600 crore as equity to build 7-8 industrial parks over the next six years. It is exploring opportunities in Delhi, Bengaluru, Mumbai, Ahmedabad, Pune, Ahmedabad and Kolkata. Embassy has another joint venture with Brookfield Asset Management to build warehouses on 170 acres in Chennai.

This also appeared at the following links

In the News / Press Releases

Economic Times Realty

Embassy Industrial Parks acquires 24 acres in Gurgaon for Rs 38 crore

Written By – Sanu Sandilya NEW DELHI: Embassy Industrial Parks, a joint venture between realty developer Embassy Group and private equity firm Warburg Pincus, acquired 24 acres in Gurgaon for `38 crore to set up a warehousing facility. The warehouse on National Highway-8 near Bilaspur Chowk will have a leasable area of 6.1 lakh sq […]

Embassy Industrial to build warehousing hub in Gurugram for Rs 140 crore

Embassy Industrial had purchased 24 acres of land in Gurugram to build an industrial and warehousing hub. Last year, Embassy Industrial Parks signed an MoU with the Haryana government to build three industrial parks in the state, investing Rs 1,910 crore. Mumbai: Embassy Industrial Parks, a joint venture between real estate developer Embassy Group and private […]

The Economic Times

GST to Boost Warehousing, Logistics : JLL

Written by – Sobia Khan BENGALURU: The roll-out of the goods and services tax and real estate investment trusts is expected to fuel the growth of warehousing stock across the country in the next few years. “The warehousing, manufacturing and logistics industries will benefit the most from the implementation of GST in India and the […]

The Economic Times

Embassy unit to invest Rs. 350 Crore in Pune project

Written by – Sanu Sandilya NEW DELHI: Embassy Industrial Parks, a joint venture between realty developer Embassy Group and private equity firm Warburg Pincus, will invest Rs 350 crore to build a 1.1-million sq ft industrial park at Chakan, Pune. The project will mainly comprise built-to-suit factories ranging from 50,000 sq ft to 2 lakh […]

The Realty Check in Warehousing

The Indian warehousing and logistics sector is on the threshold of major transformation. Increasing competition and the introduction of global best practices are compelling businesses to re-think the importance of warehousing and its impact on supply chain efficiencies. In this Cargo Connect special feature, Anshul Singhal CEO, Embassy industrial Parks discusses some of the challenges facing the sector.

Empowering India’s Industrial Growth

A well planned and organised industrial area, defined by a set of quality parameters such as economic efficiency, environmental quality and social quality, could be the answer to sustainability. An article in the September 2016 edition of EPC World, in conversation with Embassy Industrial Parks CEO, Mr. Anshul Singhal.

PE interest in warehousing, logistics parks to get a boost with GST rollout

“With the onset of GST, there’s likely to be a spurt in demand for ecommerce and the industry stalwarts will be carefully planning their network. Modern warehousing facilities that allow for consolidation of distribution hubs will be a vital component in making this a reality. Supply chain efficiency is going to become the single biggest differentiator in the ecommerce space as organizations strive to make ‘same-day delivery’ a cost effective reality. The GST is going to be a game changer for fast-growing Indian economy,” said Anshul Singhal, CEO, Embassy Industrial Parks.

The Economic Times

HNIs, PE funds bet big on warehousing, logistics

Riding the strong wave of consumption in the country, the rapid growth of Indian eCommerce businesses and also the impending roll-out of GST, private equity funds, real estate developers and private high net worth individuals are starting to focus on the warehousing and logistics segment.