FM Logistic real-estate development arm inks 106 cr deal with Lodha to develop 30 acres land parcel at Palava

Batilogistic, the real-estate sister company of FM Logistic and Lodha Group has signed a deal amounting Rs 106 cr to develop 30 acres land parcel at Palava Industrial and Logistics Park for FM Logistic India, with a total development potential of around 1 million sq ft of warehousing space.

The agreement is strategic as it aims to catalyse the job market in the region. Batilogistic will undertake the development of this land parcel in phases over next 3-4 years, further expanding FM Logistic India’s businesses. The development is part of the 290 acre Palava Industrial and Logistics Park that also includes a joint venture between ESR and Lodha.

Batilogistic has global expertise in the construction and maintenance of state-of-the-art Grade A warehouses. All warehouses constructed by Batilogistic are LEED certified and FM Global certified, facilitating optimal operational, environmental and cost-efficiencies.

Commenting on the deal, Alexandre Amine Soufiani, MD- FM Logistic India expressed, “We are committed to providing our customers with high value and high efficiency Grade A warehousing infrastructure. Globally, FM Logistic, in collaboration with Batilogistic, is a pioneer in developing and maintaining Grade A warehousing facilities that provide cutting-edge supply chain technologies to our customers. Through our association with the Lodha Group, we will gain significant presence to service the neighbouring industrial areas of Thane, Navi Mumbai and Kalyan. The Grade A logistic facility will be designed according to the best industry standards with high spec buildings, 100% compliance to norms and stringent safety standards.

“This state-of-the-art facility will further enable us to provide our collaborators with a safe and healthy working environment as their safety, health and well-being is one of our top-most priorities. The logistic park will provide for sustainable use of resources – another feature why we chose to associate with this project. The said project advocates the use of green sources of energy. Solar panels will be installed for generation of clean electricity and the necessary infrastructure is in place to facilitate rainwater harvesting and the charging of electric trucks,” Soufiani added.

“FM Logistic India and the Lodha Group, both, share a strong sense of commitment towards customers, focus on innovation and operational excellence. This alliance was further spurred by the transparency, visibility, and the thorough processes that the Lodha Group demonstrated for the development,” he said.

Shaishav Dharia, CEO- Townships and Rental Assets at Lodha Group stated, “We are very pleased to have the Group choose Palava Industrial and Logistics Park to develop one of the largest warehousing projects in India. With this partnership, we look forward to enhance the infrastructure and ecosystem for logistics and industrial set-ups in the region. Our association will go a long way towards achieving our vision of developing an industrial city and enhancing the economy and jobs at Palava.”

The Mumbai Metropolitan Region (MMR) is the second largest Grade A warehousing hub in India as of 2019. Amongst all the primary industrial regions within MMR, Palava has developed as one of the preferred locations for logistics and value-added industries with the upcoming 800 acre logistic and industrial park.

A world-class hub in the Mumbai region, Palava Industrial and Logistics Park is driven by its high-quality infrastructure, well-planned storage sheds while proximity to Navi Mumbai, JN Port, and the upcoming Navi Mumbai International Airport. The park also benefits from its easy connectivity to the full social eco-system of Palava City. Additionally, the park offers a range of options including built-to-suit (BTS) structures, standard structures and land parcels.

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