Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Sumadhura Infracon, a Bangalore-based builder, has plans to develop
warehouses and industrial projects in phases on a 100-acre area on the
outskirts of the city.
This marks the company’s entry
into the warehousing sector, with the first project being
developed under Sumadhura Urban Infrastructure on the Hoskote Chintamani road.
The project’s first phase will
cover 2.5 million sq-ft with an investment of Rs 600 crore, with plans to expand the total development to 6 million sq-ft by
acquiring an additional 150 acres of land on the Hoskote-Chintamani Road. The
company aims to build a rental yield portfolio and raise funds through lease
rental discounting.
Demand for industrial and warehousing space in the top five cities of India has remained strong in Q1 2023, with industrial and logistics leasing growing by 26% YoY to 8.0 million sqft. During the same period, supply increased by 28% YoY to 7.6 million sq-ft.
