Panattoni enters India to invest over 100 mn Euros by next FY

US-based privately held commercial real estate development venture, Panattoni will puts in more than 100 million Euros in India by the end of the upcoming financial year to tender seven to eight million sq. ft. of developed industrial region.

On behalf of its initial project in India, the US-headquartered company Panattoni has attained 18 acres of land next to National Highway 352 (previously NH-71) in the region of Delhi-NCR, bounded by a warehousing group that has Luhari on one part and Farrukh nagar on the other.

The early stage of the development project covers 717,000 sq. ft with a potential developed area of 360,000 sq. ft and is projected to be completed by the month of January in 2025. The key cities Bengaluru, Pune, Chennai and Delhi-NCR will be Panattoni’s initial focal points.

By means of this, the company means to enlarge the land assets in the similar environs. This significant move of industrial park project will benefit from its immediacy to numerous major retailers, third-party logistics (3PL), e-commerce & industrial occupiers. The group Panattoni sets to hit into e-commerce clients followed by light industrial development companies, to extend its set of connections in the nation. It will build up warehousing & business amenities that ranges between 30 and 200 acres across main cities in India.

The development of Panattoni in India is a piece of the Global Panattoni Group, that working from 36 offices in Europe, India, and 53 offices globally.