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NEWS

20
Apr
2017

Embassy Industrial Parks acquires 24 acres in Gurgaon for Rs 38 crore

The warehouse on National Highway-8 near Bilaspur Chowk will have a leasable area of 6.1 lakh sq ft Embassy Industrial Parks, a joint venture between realty developer Embassy Group and private equity firm Warburg Pincus, acquired 24 acres in Gurgaon for `38 crore to set up a warehousing facility. The warehouse on National Highway-8 near Bilaspur Chowk will have a leasable area of 6.1 lakh sq ft. “The company will invest a total of `140 crore in the project,“ said Anshul Singhal, CEO of Embassy Industrial Parks. The deal is a part of a `1,910crore pact the company signed with the Haryana government last year to expand operations in the state. “We are looking at acquiring more land in the National Capital Region (NCR). Embassy Industrial Parks will continue building world-class facilities around Gurugram (Gurgaon) that will help multinational and domestic companies set up factory operations in the state,“ Singhal said.
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