Warehousing giant Embassy Industrial Parks on Thursday announced the construction of a grade ‘A’ quality industrial and warehousing facility in its newly acquired property in Gurugram, Haryana.
The 24 acres of land purchased by Embassy Industrial Parks is strategically located on NH-8 near Bilaspur Chowk. It is a major development after a 1,910 crore worth Memorandum of Understanding (MoU) was signed with the Government of Haryana last year to grow operations in the state.
The property has six lakh sq. ft. of leasable space containing a logistics park concept with a host of amenities. The land parcel approximately costs Rs. 38 crores. The area is developing at a fast pace and turning into a global manufacturing hub with the presence of various international giants. Companies from 3PL, e-commerce and FMCG sector account for almost 70 percent of the total demand in the Delhi-NCR.
Read more: India.com