CNN Central News & Networks / ITDC India ePress / ITDC News /Agencies/ Bhopal: CNN Central News and Networks / ITDC India ePress / ITDC News / Agencies, Bhopal: Buildspace, active in the real estate and logistics infrastructure sector, has launched Sahakar Logistics Park in Bhiwandi, Maharashtra, at an estimated cost of Rs 265 crore. The project, to be developed over about 42 acres, is being seen as an important initiative to strengthen warehousing and supply chain infrastructure in the region.
The company has been assigned exclusive engineering, procurement and construction (EPC), marketing and leasing responsibilities for the project. Under this, Buildspace will manage activities related to the project’s construction, reaching potential customers and making warehousing space available on lease.
Bhiwandi is a major logistics and warehousing hub in the Mumbai Metropolitan Region. Demand for logistics facilities has been rising steadily due to its better connectivity with Mumbai, Thane, Navi Mumbai and nearby industrial areas. The region has become important for companies linked to e-commerce, retail, manufacturing and third-party logistics services.
Sahakar Logistics Park aims to meet companies’ operational requirements through modern storage and distribution facilities. The project’s development is expected to create employment and business opportunities in construction, transport, warehousing and related services.
Amid the growing need for organised and modern warehousing in the logistics sector, the project could further strengthen Bhiwandi’s industrial and commercial position. However, detailed information on the project’s construction timeline, phased development and potential tenants is yet to be announced separately.
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