In sync with the efforts to establish a pan-India presence in the digital infrastructure space, Lodha Green Digital Infrastructure (LGDI) recently acquired 8 acres of land in Mumbai. With a completion timeline of 12–18 months, it is expected to draw an investment of around Rs. 330 crore. The company intends to use this property to build a 4-lakh-square-foot, grade-A multi-tenanted in-city fulfilment centre. This centre would become a hub of end-to-end logistics solutions, providing last-mile warehousing infrastructure to e-commerce, 3PL, and quick-commerce firms.
When interviewed about this deal, Shaishav Dharia, the Director of Lodha Green Digital Infrastructure, said, “We are delighted to announce the expansion of the LDGI platform through our second acquisition in Mumbai. This will be the first institutional investment of this scale in “in-city logistics assets” in Mumbai. We are focused on bringing extensive experience to this asset class and dedicated resources to support the growth of this platform. We see that there is a huge demand for grade-A digital infrastructure in our country, and we are aligned with our aim to develop industrial and logistics parks as well as in-city logistics assets across multiple cities in India. With such developments, there will be growth in logistics efficiency and job opportunities in different parts of the country. “With the goal of creating a global benchmark, we will focus on building and operating this digital infrastructure to the highest levels of environmental sustainability.”