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Moumita Bakshi Chatterjee

New Delhi, Nov. 10 Real estate company TDI is planning to set up a 200-acre logistics park in Kundli at an estimated investment of Rs 350 crore.

The company has already initiated talks with various PE funds to raise nearly Rs 175 crore to part fund the project, sources said, adding that the deal is expected to be finalised in the next few months.

The company had recently commissioned real estate consultancy JLLM to prepare a report on logistics and warehousing.

“While some areas like IMT Manesar and Bhiwadi have already developed, some areas are still in the developing stage. Major industrial supply is expected to come along the area adjoining NH-8, NH-2 and NH-1 mainly due to the coming up of KMP expressway and Dedicated Freight Corridor,” sources said.

With the retail boom is fuelling the logistic and warehousing demand in the National Capital Region (NCR), the sources said that TDI was looking to tap opportunities in the logistics and warehousing space.

TDI Infrastructure Ltd, a flagship company of the Taneja Group, is into real estate development and construction, including townships and commercial projects. As a part of the company’s expansion plans, TDI is developing 17 malls-cum-multiplexes and nine residential townships in various cities in North India, including Sonepat, Panipat, Mohali, Meerut, Indore, Moradabad and Agra.

More Stories on : Infrastructure | Real Estate & Construction

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