Hong Kong–based ESR buys 77 acres in India to build logistics park

Hong Kong–based real estate platform ESR has acquired 76.84 acres of land from Mayar Group to develop a logistics park in Sohna-Tehsil of South Gurugram, a city southwest of New Delhi in northern India.

In a statement, ESR said the park will be the largest in the region and will serve as the last-mile delivery for national and global businesses. In addition, the region is poised to become the largest distribution hub in the country.

The Warburg Pincus-backed company is planning to develop a 300,000-square-meter (3.2 million-square-foot) logistics park. It is near international airport and business hubs of New Delhi, Gurugram and Faridabad.

Abhijit Malkani and Jai Mirpuri, country heads of ESR India, stated, “ESR India is committed to building institutional-grade logistics infrastructure to facilitate the development and modernization of the nation’s supply chain. The Sohna project is expected to bolster our portfolio of strategically located logistics prop