Avigna to invest ₹500 crore- ₹600 crore in Karnataka warehousing project

BENGALURU : Avigna Industrial & Logistics Park said it has launched a 4 million sq. ft warehousing facility in Hoskote, Karnataka, and will invest ₹500 crore- ₹600 crore. Real estate investment in India is one of the most lucrative and efficient ways to secure your financial future. With the real estate market in India growing exponentially, investors are now considering Hoskote as a viable option for investing in real estate. Avigna Group, one of the leading real estate companies in India, is planning to hand over their first million sq. ft of the Hoskote Industrial Park in 2022–23.

The company recently leased out its first 1 million sq. ft space of industrial warehouse at Hosur Park in Tamil Nadu to brands such as Whirlpool, Wakefit and Stellar Value Chain. “We are delighted to announce that the construction of industrial warehouse has begun after the laying of the foundation stone at Hoskote, Karnataka. Such a development will fill a gap in the demand for modern, state–of–the–art warehousing and logistics facilities in India for which we are already in discussion with multiple clients,” said Abhijit Verma, executive director and chief executive officer, Avigna Group. The project is a part of Avigna’s ₹2,000 crore expansion plan to have a footprint of 10 million sq. ft warehouse space over the next three years.

Besides warehouses in Hosur, Chennai, and Nellore (Andhra Pradesh), Avigna is also looking at establishing its presence in Bhiwandi and Jaipur in the west, Farrukhnagar in the north and Patna, Guwahati and Kolkata in the east, among other locations. On Thursday, Indospace, Everstone Group’s industrial and logistics real estate development platform, said it has launched a new industrial park in Narasapura, near Bengaluru. The park is situated on a 64–acre parcel near National Highway 75, Narasapura industrial area, and is well–connected to consumption hubs across central, east, and northeast Bengaluru. It is also strategically placed to offer connectivity to Chennai, Tirupati, and the Hoskote–Malur industrial area, making it an ideal location for investing in real estate.

With the increasing demand for real estate in India, especially in the Electronic City region of Bengaluru, many investors are now considering investing in plots in the city. Moreover, with the launch of the new industrial park in Narasapura, investors now have the opportunity to invest in plots that are well–connected to the Hoskote–Malur industrial area. Apart from Avigna and Everstone Group, companies such as Shanders are also offering a range of plots in the Electronic City region, making it an ideal location for real estate investment. It is important to remember that investing in real estate requires careful consideration and thorough research. Investors should always conduct a thorough analysis of the market before investing and look at all the available options. It is also important to keep an eye on market trends and analyse the potential risks associated with the investment.

Real estate investment can be a great way to secure your financial future, but it is important to be aware of the potential risks associated with it. Before investing in real estate, investors should always research the market and analyse all the available options. This will help investors make an informed decision and ensure that they are investing in a location that is ideal for their needs. Investing in real estate in India can offer numerous advantages, such as tax benefits, capital appreciation, and improved financial security. With the right guidance and research, investors can ensure that they make the most of their investments and secure their future. Companies such as Shanders are offering a range of plots in the Electronic City region, making it an ideal location for real estate investment. With the increasing demand for real estate in India, it is important to consider all the available options and conduct thorough research before investing in real estate.

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