Panattoni Breaks Ground on First Project in India

Published:

08.07.2024

Panattoni, one of the world's largest industrial real estate developers, announced the groundbreaking ceremony of Panattoni Park NH71 in Delhi NCR. This project will be a state-of-the-art, environment-friendly and a Grade A warehouse park that also marks Panattoni India’s strategic entry into the Indian market. Last December, Panattoni announced the inauguration of this cutting-edge projection in India. Poised to redefine the landscape of warehousing and logistics in India, this groundbreaking announcement signifies the company's intention to streamline logistics operations.

Panattoni Park NH71 boasts a strategic location on National Highway 352 (formerly NH71) within the Jhajjar district of Haryana. This bustling area positions the park perfectly within a well-established warehousing hub, neighbouring major industrial centres like Luhari and Farrukhnagar. The park itself offers over 32,000 square meters of space, and will be developed on a site area of 66,000 sqm, making it ideal for a wide range of industrial & logistics needs.

The specifications and infrastructure of the park are set to the highest industry standards. The park features plenty of loading bays, floor tolerance, and accommodation to ensure efficient logistics procedures. The infrastructure is well-planned to include ample parking, roads, and a firm focus on sustainability, with 100% wastewater recycling and expansive green cover around the facility. The infrastructure also includes mezzanine office space comprising 3% of the warehouse area along with a compliant fire protection system.

“India is a vital hub for our global operations. We are committed to accelerating our expansion across the country in the coming years. Panattoni Park NH71 serves as our gateway to India’s dynamic industrial market, marking our inaugural venture with the groundbreaking of Phase 1 in Delhi-NCR. This premier warehouse reflects our commitment to offering world-class spaces that empower businesses and drive economic growth”, said Robert Dobrzycki, CEO and co-owner of Panattoni Europe, UK, Middle East & India.

Commenting on the occasion, Sandeep Chanda, Managing Director India, Panattoni, said, “Panattoni Park NH71 brings our advanced design and construction expertise to the region. This project will leverage our access to a vast international occupier network, meeting the growing demand from Indian companies for sustainable industrial and logistics real estate. The trends driving this demand, such as increased supply chain efficiency, the surge in e-commerce, and the consolidation of third-party logistics providers, reflect global developments that are now strongly present in India.”

Moreover, Panattoni Park NH71 is expected to generate significant employment opportunities, contributing to the local economy’s growth and development.

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