Acts and Mahindra Lifespaces announced a joint venture to develop industrial and logistics real estate across India. | Tech US News

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Mumbai, London, 6 October 2022: Actis, a leading global investor in sustainable infrastructure, today announced that it has entered into an agreement with Mahindra Lifespace, the real estate and infrastructure development arm of the Mahindra Group, to develop industrial and logistics real estate facilities across India. An integrated business can be established to promote . Acts is investing for a majority stake in the joint venture, in which Mahindra Lifespace owns a significant minority stake.

The business will acquire and develop greenfield and brownfield sites in key markets across India, aiming to become a leading real estate solutions provider for global and local corporations. Up to 100 acres of land with ready infrastructure in Mahindra World Cities, offering a build-up capacity of over 2 million square feet, has been earmarked as seed sites to be acquired and developed by the business over time. Yes, subject to required approvals. Industrial and warehousing have emerged as a high-growth real estate asset class fueled by growing consumer demand and a boom in manufacturing investment. The recently announced National Logistics Policy by the Indian Prime Minister is expected to further boost investment in the sector.

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