TVS Industrial & Logistics Parks (TVS ILP) has signed a ₹200 crore memorandum of understanding (MoU) with the Government of Karnataka to develop a network of tech-enabled industrial and logistics parks across the state.
The planned investment will strengthen TVS ILP’s growing portfolio, which already includes 14 logistics and industrial parks across South India. The new facilities are expected to support modern supply chain requirements with advanced infrastructure and digital integration.
The announcement comes amid sustained momentum in India’s industrial and logistics real estate sector. According to Savills India, leasing activity rose 15.6% year-on-year to 18.5 million sq ft in the January–March quarter of 2026.
Manufacturing led demand during the quarter, accounting for 35% of total absorption at 6.5 million sq ft, up from 30% a year earlier. Third-party logistics (3PL) players contributed 23%, while FMCG and consumer durables segments made up 14%.
Tier-I cities dominated leasing activity with a 79% share, though tier-II and tier-III markets accounted for a notable 21%, highlighting the widening geographic spread of demand.
On the supply side, new completions surged 39% year-on-year to 22.1 million sq ft, with tier-I cities contributing 84% of total additions. Pune emerged as the second-largest market, capturing a 24% share of total absorption, followed by Delhi NCR and Mumbai.
Srinivas N, Managing Director (Industrial & Logistics) at Savills India, said demand continues to be driven by manufacturing growth, supply chain diversification, and ongoing capacity expansion across sectors.
