Mumbai: ESR Group Limited, announced that it has acquired 38 acres with a development potential of 1 mn.sq.ft. in
Sanand and will invest approx. INR 400 crores for construction and development.

It will be ESR’s second investment in Gujarat, the first being Jalisana, a 37-acre project.

The location is close to Sanand Gujarat Industrial Development Corporation (GIDC), currently home to 25 multinational and 300 domestic companies across various sectors, including automobile, auto ancillaries, FMCG, engineering, plastics, packaging, and electronics and is a growing market for electric vehicle manufacturing. Its proximity to Ahmedabad city centre makes it an ideal location for warehousing for e-commerce and 3PL companies.

In view of this development, Mr Abhijit Malkani, CEO of ESR India stated, “We are thrilled to expand our presence in Gujarat and to add to the state’s flourishing industrial ecosystem. Gujarat attracts one of the highest foreign direct investments in India and is currently turning into an EV battery manufacturing and assembly centre. The availability of Grade A infrastructure in a strategic location like Sanand is essential for the region’s industrial growth and will add to its EV manufacturing capacity.”

This Park will be integrated with the ‘ESR smart mobile app’ to enhance client experiences and ensure digital park management. ESR India parks are IGBC (Indian Green Building Council) Platinum and Gold rated, with energy and water-efficient designs to reduce environmental impact and operating costs for clients. DeshGujarat