This additional amount will increase its development pipeline from 20 million square feet to 50 million square feet, IndoSpace said in a statement.
"In addition to growth in consumption and e-commerce, we see India's manufacturing potential being unlocked by the government's Make In India programme. This requires world-class industrial and logistics real estate and we will continue to invest aggressively," Rajesh Jaggi, Managing Partner Everstone Real Estate and Co-CEO of IndoSpace said.
The company has robust plans to fund and expand its 17 industrial real estate projects across the country to support manufacturing, consumer and third-party logistics companies.
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