5 months ago
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Horizon Industrial Parks, a Blackstone entity, successful a span of 4 years has emerged arsenic 1 of the largest concern and logistics developers successful South India, gathering a beardown footprint to enactment the economical maturation successful the region.
The institution with 60 cardinal sq. ft wide abstraction is the largest logistics institution successful India and southbound India dominates its dispersed with astir fractional – 24 cardinal sq. ft successful the region.
The institution controls 17 concern and logistics parks spanning astir 940 acres crossed Tamil Nadu, Karnataka and Telangana, with a full leasable country of 24 cardinal sq ft. This puts Horizon astatine the apical of the array successful the confederate portion by leasable area, with closest rival IndoSpace astatine 20.5 cardinal Sq. Ft crossed 25 parks, and ESR astatine 4.5 cardinal Sq. Ft crossed 2 parks.
“The portfolio has been diversified deliberately to cater to some manufacturing-led request and the needs of logistics operators. The tenant premix spans car components, aerospace, engineering, defence suppliers, 3PL companies, acold concatenation operators and e-commerce firms,” said Urvish Rambhia, CEO, Horizon Industrial Parks successful an interview.
Much of the company’s caller maturation has been driven by its introduction into Tamil Nadu, peculiarly the Chennai region, wherever it has added 7 sites successful 2 years. This includes 2 in-city logistics parks successful Chromepet and Virugambakkam, aimed astatine municipality organisation and last-mile delivery.
Across South India, the company’s web present covers Hyderabad, Bengaluru and Chennai, with assets distributed crossed large first-mile concern areas and last-mile depletion zones.
Of the 17 parks, 3 are in-city assets designed to enactment fulfilment, organisation and rapid-delivery operations.
In Tamil Nadu, Horizon is processing a build-to-suit installation of astir 4 lakh Sq. Ft successful Chengalpattu for Yazaki India, the Japanese wiring harness and car components major. This is Yazaki’s 3rd installation with the developer, pursuing earlier units successful the NCR and Bengaluru.
At Hosur, Schneider Electric has signed up for a installation of astir 0.7 cardinal sq. ft, to beryllium developed successful 2 phases. The archetypal phase, astatine astir 500,000 sq ft, is expected to beryllium operational by January 2026 and volition employment astir 1,500 people.
In Karnataka, the institution precocious leased astir 0.3 cardinal sq. ft to Scootsy, the logistics limb of Swiggy, astatine its Dobaspet I parkland adjacent Bengaluru.
Mr. Rambhia said, “Horizon’s operating exemplary emphasises centralised plan standards, predictable operation timelines and unified park-level services that alteration faster go-to-market for our customers. In a portion wherever request has been rising faster than organised supply, developers who are capable to standardise delivery, connection integrated concern ecosystems, and multi-city networks are gaining accrued acceptance from ample tenants.”
