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Raheja to adorn West Bengal with Logistics Park

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As per to the sources saying @ the www.propertykhazana.com, K Raheja Corp is all set geared up to develop logistics park in West Bengal costing Rs. 2,320 Crores, and the same replicas will be undertaken in Karnataka, Tamil Nadu and Maharashtra.
Company has joined with ProLogis and has signed MoU with the WBIIDC to develop the venture in state. Realty giants are checking out for the proper sites to implement and design the venture in state through SPV. Later, the firm proposed to spread its portfolio by setting up 7.5 Million Sq.ft in the coming three years in warehousing ands Logistics parks on 50:50 JV bases.
WBIIC’s CEO, Sumanta Chaudhuri said to www.propertykhazana.com that, “The corporation will be needed about 50 acres of property to develop the amenity and WBIIDC is in the process of recognizing property in Bengal for the similar one.”
ProLogis is a leading proprietor, manager and developer of supplying amenities in the world; it has businesses in over 120 countries across North America, Europe and Asia. Company holds land bank of USD 36.3 Billion including 510.2 Million Sq.ft of warehousing and Logistics spaces.
K Raheja Corp’s CEO said to www.propertykhazana.com that, “Company will support for the manufacturing and retailing sector and we are in advanced discussions to make same acquirements. Property for the Kolkata plant will be straightly purchased by Raheja’s or the company can takeover the accessible property from WBIIDC”, he added.
Source: NBTVLIVE

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