June 18, 2013: IndoSpace Luhari, a 1.6 million square feet industrial
and logistics park developed by Realterm Everstone Development Management
Private Limited (Realterm Everstone), has commenced operations at
Luhari, near Gurgaon. IndoSpace Luhari is in the series of modern
industrial and logistics parks across India developed by Realterm
Everstone, and is being constructed at an estimated cost of INR
industrial park houses modern warehouses and light manufacturing
facilities designed to meet the logistics and supply chain needs
of global companies. The site is within close proximity to several
large industrial clusters, including IMT Manesar, Daruhera, Bhiwadi,
and Bawal industrial areas. Good regional connectivity makes the
site an ideal location for third party logistics services (3PLs),
consumer goods companies and retailers to establish their distribution
centres to service Gurgaon, Delhi and northern India.
the total built-up area of 1.6 million square feet, IndoSpace Luhari
has leased a 320,000 square feet facility to DHL - a global market
leader in the logistics industry. This facility has been built-to-suit
DHL's requirements, and will serve as a northern distribution centre
for Procter & Gamble (P&G). It has been leased to provide
3PL services to P&G.
Oravec, Managing Partner of Realterm Everstone said, "The IndoSpace
Luhari project is an ideal location for third party logistics service
providers, consumer goods companies and retailers to establish their
distribution centres to service Gurgaon, Delhi and the rest of northern
on the association with DHL, he added further, "We are very
pleased to extend our relationship with DHL. The Luhari facility
has been designed specifically to meet DHL's requirements."
Supply Chain is expanding rapidly in India. This facility is one
aspect of our strategy to provide world class, India-based solutions
by offering competitive, high quality services to our customers
through proactive investments" said Oscar de Bok, CEO - South
and Southeast Asia, DHL Supply Chain.
Realterm Everstone is a pioneer in modern logistics spaces across
India. It has 11 projects under development across 5 cities in India,
with a total target built-up area of 15 million square feet and
covering a total land area of over 700 acres.