ESR India Investments Holdings, a subsidiary of ESR, has entered into strategic alliance with Future Group through Future Market Networks. It is estimated that an investment nearly Rs 300 crore shall be made to develop two state-of-the-art industrial and warehousing parks to service the northern and central regions.
This collaboration is aimed to set new standards for the warehousing and industrial real estate sector and benefit from the burgeoning e-commerce growth in these regions. The two sites, with a total area of approximately 75 acres and a developable area of approximately 1.3 million sq. ft. will be jointly developed by Future Group’s Future Market Networks Ltd. and ESR, with ESR as the majority partner. The projects will deliver institutional grade facilities, aligning with ESR’s best-in-class modern technologies and know-how.
Future Market Networks, formerly Agre Developers, is engaged in the business of providing retail infrastructure and infra logistics.