Panattoni India will invest approximately Rs 210 crore to develop a 25-acre industrial and logistics park in Hosur, Tamil Nadu, as part of its expansion strategy.
Key Highlights
- Panattoni India plans to invest ₹210 crore to develop a 25-acre industrial and logistics park in Hosur, Tamil Nadu.
- The project will feature 5.5 lakh sq ft of leasable space and is expected to complete by Q2 2026.
Panattoni's second project in India will be this one. In the Delhi-NCR market, it is presently working on a project.
Panattoni India Development Pvt Ltd is a part of the Panattoni Group, one of the largest industrial real estate developers globally.
Sandeep Chanda, managing director of Panattoni's Indian division, said, "Our entry into the Hosur market demonstrates Panattoni's commitment to expanding its presence in Tier-1 cities and high-potential warehousing corridors."
He claims that 5.5 lakh square feet will be the total leasable area of the next project.
"This environment will be plug-and-play. He told PTI in an interview that the park's development would cost about Rs 210 crore in total.
The construction work will begin in the coming months, with completion expected in the second quarter of 2026.
When asked about the source of funding, Chanda stated that the company has secured an investor to help develop this project. It will also accept debts from financial institutions.
"India remains a priority geography in our global strategy. The opening of Panattoni Park, Hosur I, demonstrates our commitment to developing a future-ready, pan-India industrial and logistics platform. "Our long-term investment plans will continue to support India's growing consumption and manufacturing base," stated Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India.
The upcoming project, Panattoni Park, Hosur I, will serve a diverse range of occupiers, from e-commerce and 3PL players to FMCG and manufacturing firms, with scalable, high-performance infrastructure built to Grade A standards.
Panattoni opened its first Indian development, Panattoni Park NH71 in Delhi NCR, in July 2024, with a 360,000-square-foot facility currently under construction.
Panattoni invests approximately EUR 8 billion per year globally.
Panattoni's entry into Asia will begin in 2022 with the launch of operations in India. Panattoni has completed 22.3 million square meters in Europe and 56.3 million square meters worldwide, with another 3.1 million square meters under construction in Europe.
