The integrated supply chain infrastructure services platform, IndoSpace, will invest over $120 million (Rs 1,037 crore) to develop a 188-acre industrial and logistics park in Pune’s Chakan area.
This project will mark the company’s eighth logistics park in Pune, adding to its existing 525-acre footprint, the company said in a release.
Pune’s industrial and logistics market, particularly the Chakan–Talegaon corridor, recorded an absorption of 6.7 million sq ft in 2024. The upcoming park will to cater to the growing demand from sectors like automotive, engineering, electronics, and third-party logistics.
“Chakan has cemented its role as a high-demand manufacturing hub, driven by its strong connectivity and industrial ecosystem,” said Anshuman Singh, MD & CEO, IndoSpace. “With IndoSpace Chakan V, we are strengthening our ability to support the evolving requirements of India’s industrial growth and logistics transformation.”
The company stated that the park, located within MIDC Chakan, further leverages its strategic position along major national and state highways—including the Mumbai-Pune Expressway, Pune-Nashik Highway, Pune-Ahmednagar-Aurangabad Highway, and the Bengaluru-Mumbai Industrial Corridor—thereby ensuring excellent connectivity to industrial hubs across western India.
The new 188-acre park in Chakan aims to become a key hub for industries such as automotive, engineering, electronics, and 3PL, further strengthening IndoSpace’s position as a leading player in India’s rapidly growing logistics market.
