News Brief
IndoSpace To Develop 66-Acre Logistics Park In Maharashtra's Bhiwandi With $57M Investment
The dynamic logistics park is an integral part of the larger Hiranandani Park, an integrated township sprawling over 380 acres. (Source: IndiaFilings) (Representative Image)
IndoSpace, India’s largest investor, developer and manager of industrial and logistics real estate, announced it will invest $57 million to develop a 66-acre logistics park in Bhiwandi, one of Maharashtra’s key warehousing hubs in the Mumbai Metropolitan Region (MMR), the Business Standard reported.
The new facility will add to IndoSpace’s portfolio of more than 52 grade-A parks across 11 cities.
The company has already invested $330 million in Maharashtra and the Bhiwandi park will further strengthen its infrastructure and logistics capabilities in the state.
Phase-wise operations are expected to commence within this financial year.
“The launch of our Bhiwandi park highlights IndoSpace’s role in expanding India’s supply chain backbone. As the country experiences shifts in consumption, manufacturing, and global trade linkages, the availability of reliable logistics infrastructure becomes critical. Our approach is centred on building facilities that combine operational efficiency with long-term sustainability, aligning with the broader imperatives of India’s economic growth,” Managing director and chief executive officer of IndoSpace was quoted by the Business Standard as saying.
The project will feature ready-to-move-in facilities as well as build-to-suit (BTS) options, along with green spaces and infrastructure designed to meet environmental, social, and governance (ESG) standards.
Bhiwandi’s strategic connectivity to Mumbai, Thane, Pune, and the Mumbai-Nagpur Samruddhi Expressway makes it a preferred destination for warehousing.
The warehousing sector has been on an upswing nationwide.
According to Cushman & Wakefield, Mumbai led leasing activity in the first half of 2025 with 7.0 msf, accounting for 23 per cent of all-India leasing and growing 131.3 per cent year-on-year.
