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ā¢ Panattoni, one of the world's largest industrial real estate developers, plans to invest over Euro 100 million in the Indian market and aims for a total built-up area of 7-8 million sq ft by the end of the next fiscal year.
ā¢ The company has acquired 18 acres of land for its first project in India, with Phase 1 covering 717,000 sq ft and an expected completion by January 2025.
ā¢ Panattoni's initial focus will be on the top four Indian cities: Bangalore, Pune, Chennai and Delhi-NCR, with plans to tap into e-commerce clients and light industrial manufacturing companies.