Pardos realty arm acquires 41 acre land in Haryana for warehouse

04 Apr 2022 CW Team

Pardos Logistics, a subsidiary of Pardos Real Estate, has acquired 41 acres of land in Haryana for the development of 1 million sq ft of warehousing space, as e-commerce has fueled demand for warehouses.

The deal had been facilitated by the Anarock Group Capital Markets division, which did not reveal the cost of the land parcel but stated the going rate of the location of land around the Ballabgarh-Sohna Highway, is between the range of Rs 1.4 to 1.5 crore per acre.

Pardos Real Estate is a development platform formed by the alternative investment fund of the DMI Group.

Anarock Capital Senior Vice President Akshay Uday said that the land was acquired from a group of investors based in Delhi. It will be developed in approximately 18 months with an investment corpus of around Rs 200 crore.

The Sohna-Ballabgarh market gained prominence in the past two years after the land acquisition by ESR India, an industrial and warehousing player to set up a warehouse of 77 acres.

Also read: Indian warehousing faces stiff challenge due to surging land prices

Infrastructure Urban

22 May 2025

Mamata Machinery Wins EEPC India Star Performer Award

Ahmedabad-based Mamata Machinery Limited has received the prestigious 鈥淪tar Performer鈥� award at the EEPC India 40th Western Regional Export Performance Awards for 2021-22. The award recognises Mamata鈥檚 exceptional export achievements in the Medium Enterprise category.Mamata Machinery is a global leader in flexible packaging machinery solutions, with over 4,800 installations across 75 countries. The company鈥檚 products span the entire value chain from co-extrusion to advanced packaging machinery.This accolade marks Mamata鈥檚 22nd recognition from EEPC India, complementing honours from o..

Infrastructure Urban

22 May 2025

MobiKwik Launches Pocket UPI Campaign Featuring Jaideep Ahlawat

One MobiKwik Systems Limited, India鈥檚 largest digital wallet provider, has launched a multi-media campaign for its Pocket UPI product. The campaign features actor Jaideep Ahlawat, reprising his popular cop role to demonstrate how Pocket UPI simplifies payments.Pocket UPI allows users to make unified payments interface (UPI) transactions without directly linking bank accounts, reducing fraud risks and keeping bank statements clutter-free. The product also enables better monthly spending control by allowing users to load specific amounts, alongside faster, PIN-less transactions.The campaign ai..

Infrastructure Urban

22 May 2025

Sprayking Imports Machinery Worth Rs 35 Mn to Boost Output

Sprayking Limited, a leading manufacturer of brass forged and turned components based in Jamnagar, has imported state-of-the-art machinery from China valued at approximately Rs 35 million. This strategic investment is set to increase the company鈥檚 production capacity by about one ton per day.The newly imported equipment includes rotary transfer machines, double head CNC machines, CNC machines with rotary chucks and servo motors, and PLC-controlled machines among others. These upgrades will enhance precision, quality and efficiency, allowing Sprayking to meet growing customer demands and offe..