IndoSpace Luhari industrial logistics park commences operations

Industrial park houses warehouses, light manufacturing facilities designed to meet logistics and supply chain needs of global companies

IndoSpace Luhari, a 1.6 million square feet industrial and logistics park developed by Realterm Everstone Development Management Private Ltd has commenced operations at Luhari, near Gurgaon. IndoSpace Luhari is part of the industrial and logistics parks developed by Realterm Everstone across India and is being constructed at an estimated cost of Rs 300 crore, said a press release from Relaterm Everstone.

The industrial park houses warehouses and light manufacturing facilities designed to meet the logistics and supply chain needs of global companies. The site is within close proximity to several large industrial clusters, including IMT Manesar, Daruhera, Bhiwadi, and Bawal industrial areas.

Good regional connectivity makes the site an ideal location for third party logistics services (3PLs), consumer goods companies and retailers to establish their distribution centres to service Gurgaon, Delhi and northern India.

From the total built-up area of 1.6 million sq ft, IndoSpace Luhari has leased a 320,000 sq ft facility to DHL. This facility has been built-to-suit DHL’s requirements, and will serve as a northern distribution centre for Procter & Gamble (P&G). It has been leased to provide 3PL services to P&G.

Realterm Everstone has 11 projects under development across five cities in India, with a total target built-up area of 15 million sq ft and covering a total land area of over 700 acres.