IndoSpace, the real estate arm of Everstone Group, has acquired 55 acre plot at Farukhnagar in Haryana, which the company will jointly develop with Reliance Industries’ wholly-owned subsidiary Model Economic Township (METL).
With this, IndoSpace has expanded its footprint in Delhi-National Capital Region to over 480 acre across eight parks.
In 2017, IndoSpace acquired 140 acre plot from METL in Badli, Haryana. IndoSpace has a portfolio of over 41 million sq ft across 39 industrial and logistics parks under various stages of development in nine major consumption hubs in India.