Ample Parks development platform, a joint venture (JV) between the UK-based Actis, a global investor in sustainable infrastructure, and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, plans to develop 700 acres of land for industrial space across India in 5-7 years, according to Akash Rastogi, Chief Executive Officer & Director at Ample Parks.
The JV is starting in India with the launch of a 71-acre Grade-A Industrial Park at Mahindra World City (WMC) near Chennai, with a capital outlay of ₹800 crore. The project aims to generate annual revenue of ₹110 crore post-completion and nearly ₹1,400 crore over the next 10 years. The project is expected to generate employment for nearly 11,000 people, according to a release.
“We aim to acquire and develop 10x the current land portfolio in 5-7 years across India through multiple projects,” he said in the release.
The project is the largest Grade-A industrial space currently available within the Domestic Tariff Area of MWC, offering 2.1 million sq ft of area available for leasing to meet the rising demand for premium industrial and logistics infrastructure. The facility is located near the Oragadam Industrial Corridor – Maraimalai Nagar micro-market and caters predominantly to engineering, auto and ancillaries, electronics and white goods and other allied industries. It offers flexible built-to-suit options alongside ready-to-move-in spaces for R&D and commercial use, the release said.
Ample Parks plans to broaden its footprint beyond Chennai by targeting key tier-1 cities across India, including Mumbai, Delhi NCR, Ahmedabad, Pune, and Kolkata. These markets are experiencing growing demand for industrial and logistics real estate driven by increasing consumption and manufacturing activity. Additionally, Ample Parks sees strong growth potential in tier 2 cities like Lucknow, Jaipur, Guwahati, and Nagpur, which are regional economic hubs and present valuable opportunities for expansion, he said in the release.