Pardos Real Estate arm Pardos Logistics has purchased a 41-acre land parcel on Ballabhgarh-Sohna highway in Haryana to develop a warehousing project — comprising a 10 lakh square feet area — with an investment of around Rs 200 crore, according to property consultant Anarock. In a statement, Anarock group said that its capital markets division facilitated the sale of a 41-acre land parcel.
Pardos Logistics, a subsidiary of Pardos Real Estate (a development platform incubated by the DMI Group’s Alternative Investment Fund) will utilise this land parcel to develop 1 million square feet of prime warehousing space. The prevailing land prices around the Ballabhgarh-Sohna Highway region range from Rs 1.4 to 1.5 crore per acre.
The land is ideally located, benefiting from proximity to critical road infrastructures like the Delhi-Vadodara Expressway, Eastern Peripheral Expressway, National Highway 8, and KMP Expressway.
The Sohna-Ballabgarh market has gained prominence in the last two years since industrial and warehousing player ESR India acquired land there to establish a 77-acre warehouse.
Amazon has leased 9,00,000 square feet in the ESR warehousing facility, and other key retailers like Tata Croma have also picked up space there.
”The warehousing and logistics sector has been one of the primary beneficiaries of the new post-pandemic market realities.
