Panattoni to invest Rs. 969.50 crore (US$ 113.26 million) in India; launches 25-acre industrial and logistics park in Hosur

Panattoni, one of the world’s largest industrial real estate developers, is accelerating its investment in India with the launch of a 25-acre Grade-A industrial and logistics park in Hosur, Tamil Nadu, named Panattoni Park, Hosur I. This development forms part of the company’s broader plan to invest Rs. 969.50 crore (US$ 113.26 million) over the coming years in India’s rapidly expanding logistics and industrial infrastructure sector. The project aims to boost investor interest and occupier activity in South India’s fastest-growing industrial and logistics zone, enhancing the country’s industrial infrastructure. Panattoni’s second major investment in India, following its initial project, Panattoni Park NH71 in the Delhi-NCR, launched in July 2024, Panattoni Park, Hosur I, strategically leverages the booming industrial corridor near Bengaluru’s manufacturing and consumption ecosystem.
Spanning approximately 1.1 million sq. ft. across 25 acres, the park will be developed in phases, with Phase 1 comprising 5,50,000 sq. ft. set to commence construction in Q3 CY25 and completion targeted by Q2 CY26. The facility will cater to occupiers from manufacturing, industrial, e-commerce, third-party logistics (3PL), and fast-moving consumer goods (FMCG) sectors, emphasising scalability and sustainability with Grade-A infrastructure. CEO and co-owner of Panattoni Europe, the United Kingdom (UK), the Middle East, and India, Mr. Robert Dobrzycki, highlighted the company’s long-term confidence in India’s market, reinforcing its vision of a future-ready, pan-India industrial platform that supports rising consumption and manufacturing trends. Strategically located 50 kilometers (KM) from Bengaluru’s central business district and 11 km from Hosur town, the park offers access to key transit corridors, including National Highway 44, Satellite Town Ring Road, and SIPCOT Phase 2 industrial zone. Managing Director, India, Mr. Sandeep Chanda, stated that Hosur is emerging as a critical hub for automotive, electric vehicle (EV), and electronics manufacturing, making this development a timely addition to Panattoni’s expansion into high-demand industrial and Tier-I city peripheral hubs.

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