Macrotech has announced a tie-up to invest $ 1 billion in the Mumbai project

Mumbai-based Macrotech Developers, which markets its assets under the Lodha brand, on Wednesday announced a partnership with Bain Capital and Ivanho Cambridge to develop a green digital infrastructure platform. Together, they will establish a pan-India presence in place of digital infrastructure that includes logistics, light industrial parks and city perfection centers. It will be a joint venture of about $ 1 billion to create about 30 million square feet of operating assets. Each of the three partners will have approximately 33% equity interest in the property ownership, while Macrotech will lead the development, management and operation of the assets.

Abhishek Lodha, MD and CEO, Macrotech, said: “With the rapid digitization of our economy and the progress of ‘Make in India’ combined with the China + 1 strategy of most global manufacturers, we see that there is a huge demand for grades. Our country has a digital infrastructure. ”

The first project is the development of a 110-acre logistics and industrial park at Palavatha in Mumbai. The platform has already started looking at Pan-India land acquisition and advanced and low-development projects in this resource category.
“We see a sustainable, thematic opportunity to support India’s journey to a digital-first economy with high-quality infrastructure, which we believe could have a very positive impact on communities, customers and businesses in India,” said Ali Harun, MD of Bain Capital. .

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