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Kohinoor and Indospace to jointly develop an Industrial Park across 200 acres at Chakan MoU signed with the Government of Maharashtra

Pune, November 3: City based Kohinoor Group, engaged in real estate, student housing, industrial parks and construction technology along with Indospace, India’s premier developer of industrial and warehousing parks would be jointly developing an industrial park across 200 acres at Chakan MIDC. MoU to this effect was signed recently between the Government of Maharashtra, Kohinoor Group and Indospace.

Speaking about this development Rajesh Goyal, Joint Managing Director, Kohinoor Group said, “This industrial park would come up at Tappa No. 5 at Chakan MIDC and shall contain BTS (Build-To-Suit) warehouses and manufacturing units. After completing all the required procedures we expect to start the construction work by the second quarter of the next calendar year and complete the same in the next 4-5 years.”

“We are happy to continue and strengthen our association with Indospace in this regard and take forward our positioning as a leading developer of industrial parks in Pune region. This will be our third joint project with Indospace in Pune and second in Chakan. Before this we have jointly developed about 2 million square feet of warehousing space across 80 acres of land parcel at Chakan MIDC and 1.2 million square feet at Ranjangaon MIDC which will soon be taken to 3 million”, he added.

Kohinoor Group is a Pune based conglomerate primarily engaged in real estate, development of industrial parks, student housing and construction technology. In the last 30 years the group developed and delivered 4 million square feet across Pune and has given home to 5000 plus happy families. Its student accommodation venture ‘Youthville’ has built a capacity of about 2000 beds at various locations in Mumbai and Pune.

Indospace is India’s premier developer of industrial and warehousing parks and has played a pioneering role in modern industrial & logistics real estate in India with new generation industrial parks catering to the logistics infrastructure needs of leading players in sectors such as automobiles, ecommerce, FMCG, 3PL and manufacturing among other sectors. With a portfolio of around 36 million square feet across 35 logistics and industrial parks including developed parks, as well as parks under various stages of development, we have the largest network of industrial & warehousing parks in India.