Ample Parks unveils industrial park at Mahindra World City near Chennai

Chennai, Jul 1 (PTI) Ample Parks, a joint venture between global investor in sustainable infrastructure Actis and Mahindra Lifespaces, has launched its first Grade-A industrial and logistics park near Chennai.

Mahindra Lifespaces is the real estate and infrastructure development arm of the diversified conglomerate Mahindra Group.

With an estimated capital outlay of Rs 800 crore, the project spread across 71 acres at the Mahindra World City, Singaperumal Koil near here, would help create 11,000 new jobs and generate an annual revenue of Rs 110 crore.

The project is the largest Grade-A industrial space currently available within the Domestic Tariff Area of Mahindra World City. It offers about 2.1 million sq ft of area available for leasing and uniquely positioned to meet the rising demand for premium industrial and logistics infrastructure, a company statement said here on Tuesday.

Ample Parks sets itself apart with a strong commitment to sustainability with 50 per cent of its power requirement met through renewable energy sources.

Commenting on the launch, Ample Parks Chief Executive Officer and Director Akash Rastogi said, "Ample Parks Mahindra World City is poised to be a comprehensive and future-ready industrial ecosystem, offering integrated commercial, industrial and logistics facilities. We aim to empower industrial occupiers to achieve significant operational efficiencies and drive their growth in this most promising growth corridor." "At Ample Parks, our goal is to become a leading provider of industrial and logistics and estate solutions for both global and local corporations. We aim to acquire and develop 10x the current land portfolio in 5-7 years across India through multiple projects," Rastogi said in the statement here.

Besides Chennai, Ample Parks plans to strengthen its footprint including Mumbai, Delhi NCR, Ahmedabad, Pune and Kolkata as these markets are witnessing a growing demand for industrial and logistics real estate driven by increasing manufacturing activity.

It also has plans to enter cities like Lucknow, Jaipur, Guwahati, and Nagpur as they offer valuable opportunities for expansion, the company said. PTI VIJ VIJ ROH