ESR, a leading Asia-Pacific real asset owner and manager, has acquired a 60-acre land parcel in Talegaon, Pune, to develop a large-scale industrial and logistics park with a total investment of around ₹650 crore, reinforcing its aggressive expansion strategy in India.
The project, with a development potential of 1.35 million sq ft, will feature six Grade-A industrial and logistics buildings designed to cater to sectors such as automotive, FMCG, logistics, e-commerce and advanced manufacturing.
Abhijit Malkani, CEO, ESR India, said India’s strong economic growth and expanding manufacturing activity continue to fuel demand for quality industrial infrastructure.
“With India positioned as one of the world’s fastest-growing major economies, the momentum in manufacturing and industrial expansion continues to create strong demand for quality infrastructure,” Malkani told The Economic Times. “Maharashtra is one of our strongest and fastest-growing markets. Our continued investment reflects the confidence we have in its industrial potential, talent ecosystem and long-term growth trajectory.”
He added that the ESR Talegaon Industrial & Logistics Park aims to strengthen connectivity, enhance supply chain efficiency and offer sustainable infrastructure that delivers long-term value to occupiers and communities.
Strategic Location With Multimodal Connectivity
The Talegaon site benefits from excellent connectivity via NH-48, the Mumbai–Pune Expressway and the new Talegaon–Chakan Road, offering direct access to Mumbai, Pune, Jawaharlal Nehru Port and major regional manufacturing clusters. Its location, coupled with a strong local talent pool, makes it well suited for industrial and logistics operations.
Expanding Footprint Across Western India
ESR has built a significant presence across western India, with its network of modern industrial and logistics parks spanning 480 acres from Ahmedabad to key hubs in Maharashtra, including Nagpur, Ranjangaon, Chakan, Taloja and Bhiwandi.
The Talegaon acquisition follows ESR’s recent purchase of an 85-acre land parcel in Hosur, Tamil Nadu, for developing a 2.1-million-sq-ft industrial and manufacturing park. The company currently operates 24 industrial and logistics parks across India.
Sectoral Growth Fuelling Investment
India’s manufacturing upcycle—driven by the Make in India initiative, localisation efforts and a push toward high-value exports—is attracting strong investor interest in compliant, modern industrial and logistics infrastructure. Rising capacity expansions in automotive, electronics, engineering and e-commerce are accelerating demand for Grade-A warehousing and factory spaces in key markets such as Pune, which has emerged as a major manufacturing-led growth hub.
ESR’s latest investment in Talegaon underscores confidence in India’s evolving industrial corridors and the sustained demand for world-class logistics infrastructure.
