Real Estate

Real Estate Transactions

DMI Group-backed Pardos acquires 41-acres in Haryana to develop warehouse

Business Line  

Pardos Logistics, a subsidiary of Pardos Real Estate, has bought 41 acres in Haryana to develop 1 million sq ft of warehousing space. The deal was facilitated by the capital markets division of real estate consultancy firm Anarock. The going rate around the Ballabhgarh-Sohna Highway, where the land is located, is in the range of INR 1.4-1.5 crore per acre. The land, which was acquired from a group of Delhi-based investors, will be developed over 18 months with an investment corpus of approximately INR 200 crore. Pardos Real Estate is a development platform incubated by DMI Group's Alternative Investment Fund.