Panattoni, a leading US-based industrial real estate developer, has unveiled plans for Panattoni Park Hosur I, a 25 Acres industrial development in Tamil Nadu. This marks the company’s strategic expansion into Southern India, following its first Indian project, a 360,000 SqFt facility at Park NH71 in Delhi NCR, announced in July 2024.
The Panattoni Park Hosur I project, valued at an estimated 210 INR-Crore, will feature a built-up area of 550,000-SqFt in its first phase. Construction is slated to begin in Q3 2025, with completion expected by Q2 2026. The development will cater to diverse industries, including e-commerce, 3PL, FMCG, and manufacturing. Additionally, it will incorporate sustainable building practices, aligning with Panattoni’s global ESG commitments.
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Furthermore, Panattoni plans to invest around €100 million over the next few years to expand its footprint across India’s key industrial and consumption hubs. This investment underscores the company’s commitment to tapping into India’s growing industrial real estate market.
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