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Business Standard
28-05-2025
- Business
- Business Standard
Panattoni India to invest ₹210 cr to build industrial, logistics park in TN
This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market Press Trust of India New Delhi Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world. "Our foray into the Hosur market underscores Panattoni's commitment to strengthening our presence in Tier-1 cities and high-potential warehousing corridors," said Sandeep Chanda, Managing Director, India, Panattoni. He said the total leasable area in this upcoming project will be 5.5 lakh sq ft. "This will be a plug-and-play-like facility. The total project cost to develop this park will be around Rs 210 crore," he told PTI in an interview. The construction work will start in the next few months, and completion is expected in the second quarter of 2026. Asked about the source of funding, Chanda said the company has roped in an investor for the development of this project. It will also take debt from financial institutions. "India continues to be a priority geography in our global strategy. The launch of Panattoni Park, Hosur I, reflects our commitment to building a future-ready, pan-India industrial and logistics platform. Our long-term investment plans will continue to support India's expanding consumption and manufacturing base," said Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India. The upcoming project -- Panattoni Park, Hosur I -- will cater to a diverse mix of occupiers, from e-commerce and 3PL players to FMCG and manufacturing companies, offering scalable, high-performance infrastructure built to Grade A specifications. Panattoni launched its first Indian development, Panattoni Park NH71 in Delhi NCR, in July 2024, with a 360,000 sq. ft. facility currently under construction. On average, Panattoni invests around EUR 8 billion a year globally. The commencement of the Indian operations in 2022 marks Panattoni's entry into Asia. Panattoni has delivered 22.3 million square meters in Europe and 56.3 million square meters globally, with an additional 3.1 million square meters under construction in Europe.
Time of India
28-05-2025
- Business
- Time of India
Panattoni India to invest Rs 210 cr to build industrial & logistics park in Tamil Nadu
Panattoni India will invest about Rs 210 crore to develop a 25-acre industrial and logistics park at Hosur in Tamil Nadu as part of its expansion plan. This will be the second project for Panattoni in India. It is already developing a project in the Delhi-NCR market. Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers in the world. "Our foray into the Hosur market underscores Panattoni's commitment to strengthening our presence in Tier-1 cities and high-potential warehousing corridors," said Sandeep Chanda, Managing Director, India, Panattoni. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 서울주민 대상 임플란트 단돈 30만원으로 해드립니다. 추가금 일절없음 최저가 임플란트 더 알아보기 Undo He said the total leasable area in this upcoming project will be 5.5 lakh sq ft. "This will be a plug-and-play-like facility. The total project cost to develop this park will be around Rs 210 crore," he told PTI in an interview. Live Events The construction work will start in the next few months, and completion is expected in the second quarter of 2026. Asked about the source of funding, Chanda said the company has roped in an investor for the development of this project. It will also take debt from financial institutions. "India continues to be a priority geography in our global strategy. The launch of Panattoni Park, Hosur I, reflects our commitment to building a future-ready, pan-India industrial and logistics platform. Our long-term investment plans will continue to support India's expanding consumption and manufacturing base," said Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India. The upcoming project -- Panattoni Park, Hosur I -- will cater to a diverse mix of occupiers, from e-commerce and 3PL players to FMCG and manufacturing companies, offering scalable, high-performance infrastructure built to Grade A specifications. Panattoni launched its first Indian development, Panattoni Park NH71 in Delhi NCR, in July 2024, with a 360,000 sq. ft. facility currently under construction. On average, Panattoni invests around EUR 8 billion a year globally. The commencement of the Indian operations in 2022 marks Panattoni's entry into Asia. Panattoni has delivered 22.3 million square meters in Europe and 56.3 million square meters globally, with an additional 3.1 million square meters under construction in Europe.
