Launch of Panattoni’s India Debut: ₹110 Crore Investment in Grade A Warehouse Park

Built to accommodate a range of industrial needs, the facility places a focus on environmentally conscious practices and cutting-edge infrastructure.

The Grade A warehouse park in Delhi, NCR, is the first project in India by the international industrial real estate developer Panattoni. The first phase of the project will cost ₹110 crore.

According to the firm, phase 1 of the project has a built-up area of 360,000 square feet, with a total area of 717,000 square feet. The company’s dedication to making a substantial contribution to the industrial development of the nation is emphasized by this investment. In addition, the project is projected to start in March 2024 and be finished by the end of FY25’s fourth quarter.

Over the course of the upcoming year, it and its partners want to invest 100 million euros in various projects. The corporation intends to quickly expand in India in the upcoming years since it sees the nation as a crucial hub for its international operations.

Located in the Delhi-NCR area along National Highway 352 (previously known as National Highway 71), it benefits from being close to a sizable conglomeration of major retailers, 3PL, e-commerce, and industrial occupiers. It is also flanked by a warehouse cluster.

Crafted to satisfy a range of industrial needs, the facility prioritises environmentally sustainable practises and cutting-edge infrastructure. The park is 100% wastewater recycled, demonstrating its commitment to sustainability.

“Serving as a gateway to India’s dynamic industrial landscape, Panattoni Park NH 71 marks our first bold step into India’s thriving market,” stated Sandeep Chanda, Managing Director, Panattoni, India. We are thrilled to present Phase 1 of our warehouse facility.