ESR Group has acquired 38 acres with a development potential of 1 mn sq-ft in Sanand and will invest approx. Rs 400 crore for construction and development.
It will be ESR’s second investment in Gujarat, the first being Jalisana, a 37-acre project. The location is close to Sanand Gujarat Industrial Development Corporation (GIDC.. Its proximity to Ahmedabad city centre makes it an ideal location for warehousing for e-commerce and 3PL companies.
The EV market in India is expected to grow at a CAGR of 90% in this decade.
In line with this development, Ahmedabad is gradually becoming a conducive EV manufacturing destination supported by progressive policies and existing automobile... In addition, this location features excellent port connectivity to facilitate the import and export of components, and has access to Kandla port, India’s largest container port and is well connected with Mundra, Dahej, Jafrabad, Pipavav and Hazira ports. The site also benefits from its access to Ahmedabad’s international airport, Vadodara international airport, and national and state highway networks. Upcoming infrastructure development, such as the Delhi-Mumbai Industrial Corridor (DMIC) and Western Dedicated Freight Corridor (DFC), will further enhance Sanand’s connectivity and reduce logistics costs.
Abhijit Malkani, CEO of ESR India, stated, “Gujarat attracts one of the highest foreign direct investments in India and is currently turning into an EV battery manufacturing and assembly centre. The availability of Grade A infrastructure in a strategic location like Sanand is essential for the region’s industrial growth and will add to its EV manufacturing capacity.”
ESR India, part of the ESR Group, is a leading developer and manager of industrial and logistics real estate with assets under management of approximately $1.7 billion and over 2.2 million m2 of GFA.