Actis, a foremost global investor in maintainable infrastructure, the real estate and Infrastructure Development arm of the Mahindra Group, Mahindra Lifespace Developers, entered into a contract to set up a Joint platform to develop industrial and logistics real estate facilities all across India.

The aggregate investment in the business firm over the initial years, which included debt, is estimated at Rs 2,200 crore. Actis would own a majority stake, and Mahindra Lifespaces has a noteworthy minority stake.

Approximately 100 acres of land with fully ready infrastructure in the two Mahindra World Cities, contributing a built-up potential of over two million square feet, has been reserved as seed sites to be acquired and developed by the Joint Venture Platform over time, subject to requisite endorsements. The Joint Venture will also instantaneously acquire and develop other Greenfield and brownfield sites in important markets across India. It aims to become a leading real estate solutions benefactor to global and local corporations.

Industrial and warehousing have emerged as a high-growth real estate asset class sustained by increasing consumer demand and quickening manufacturing investment. The National Logistics Policy broadcasted by the Prime Minister is predictable to boost investments in the sector further.