September 26, 2025: IndoSpace, India’s largest investor, developer, and manager of industrial and logistics real estate, has announced a USD 57 million investment to develop a 66-acre logistics park in Bhiwandi, one of Maharashtra’s most important warehousing hubs. The project will add more than 1.7 million square feet (msf) of potential warehousing capacity in the Mumbai Metropolitan Region (MMR). This fresh investment comes in addition to the USD 330 million IndoSpace has already deployed in Maharashtra to strengthen logistics infrastructure across the state.
The Bhiwandi park will be launched in phases, with operations set to begin within this financial year. It will feature both ready-to-move-in spaces and build-to-suit (BTS) facilities, catering to businesses with diverse operational needs. Commenting on the project, Anshuman Singh, managing director and chief executive officer of IndoSpace, said, “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.”
The park will target companies in e-commerce, third-party logistics, FMCG, automotive, and electronics sectors. It has been designed with a focus on environmental, social, and governance (ESG) standards, featuring sustainable infrastructure and green spaces. Strategically located, Bhiwandi offers excellent connectivity to Mumbai, Thane, and Pune, and is further boosted by its link to the Mumbai–Nagpur Samruddhi Expressway.
India’s warehousing and industrial park sector has been witnessing robust growth. According to Cushman & Wakefield, Mumbai led leasing activity in the first half of 2025 with 7.0 msf, representing 23% of the national total and marking a 131.3% year-on-year increase. Overall leasing in India stood at 30.7 msf, up 21.6% year-on-year, reflecting strong demand across sectors.
Source: Business Standard
