IndoSpace, India’s leading developer of Grade A industrial and logistics real estate, is expanding its footprint with the announcement of two new logistics hubs in Karnataka, backed by an investment of INR 580 crores. Covering over 75 acres, these hubs will serve a diverse range of industries including automobiles, engineering, electronics, and Third Party Logistics (3PL) operators.

The development of these two new parks is part of IndoSpace’s commitment outlined in a Memorandum of Understanding (MoU) with the Karnataka state government, which aims for an investment of  INR 3,000 crores in the state’s logistics sector.

IndoSpace Nelamangala II, with an investment of INR 240 crores, spans over 35 acres along the Bengaluru-Mumbai highway (NH48). This strategically located park is set to enhance the region’s industrial capabilities by providing high-quality facilities for a range of sectors.

IndoSpace Narasapura II, with an investment of INR 340 crores, covers 40 acres off Old Madras Road (NH 75). Its proximity to key industrial hubs like Vemgal, Malur, and Hoskote makes it an ideal location for manufacturers requiring advanced infrastructure.

IndoSpace already operates three logistics parks in Karnataka: IndoSpace Nelamangala I (16 acres), IndoSpace Bommasandra (5.4 acres), and Narasapura I (64 acres).

Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group, commented, “We are thrilled to contribute to Karnataka’s industrial growth with our strategically located logistics parks. With an investment of over Rs. 580 crores in these two state-of-the-art facilities, we remain committed to supporting the state’s and India’s economic development and continue to seek further opportunities in this dynamic market.“