Developers who target raw industrial land during expansion phases are typically looking to establish or extend logistics parks, manufacturing hubs, data centers, or industrial townships. These developers often enter early to capitalize on lower land costs, future infrastructure development, and industrial policy incentives.
Below are the key categories of such developers and the types of entities actively involved in acquiring and developing raw industrial land:
1. Industrial Park Developers
These are specialized developers who plan and build pre-zoned industrial parks with internal roads, utilities, and ready-to-lease plots.
Key players include:
- Mahindra World City – Operates in Chennai and Jaipur; targets integrated industrial clusters.
- Welspun One Logistics Parks – Focuses on warehousing and logistics land aggregation across India.
- Hiranandani Industrial Parks – Acquiring large tracts in southern India for logistics and light manufacturing hubs.
- GMR Industrial Parks – Active near airport-linked industrial corridors.
2. State-Backed Industrial Development Corporations
These entities acquire, zone, and lease raw land to industrial units, often targeting expansion of existing estates or corridors.
Examples:
- SIPCOT (Tamil Nadu) – Aggressively expanding in Hosur, Oragadam, and Perundurai.
- MIDC (Maharashtra) – Expanding in Talegaon, Aurangabad, and Palghar.
- KIADB (Karnataka) – Acquiring land near Tumakuru and Dobbaspet.
- APIIC (Andhra Pradesh) – Expanding industrial zones near Sri City and Vizag.
3. Logistics and Warehousing Companies
With the boom in e-commerce and 3PL, logistics operators are acquiring raw land near highways, ring roads, and freight corridors.
Major names:
- IndoSpace – Among India’s largest warehousing developers with a PAN-India presence.
- ESR India – Focuses on large-format logistics centers near metro regions.
- Allcargo Logistics – Active in dry ports and freight villages.
- Amazon, Flipkart (via partners) – Often lease-ready spaces but also influence land acquisitions for large-scale fulfillment centers.
4. Private Equity-Backed Infrastructure Funds
These funds acquire and land-bank industrial land for long-term leasing or joint development with manufacturers.
Examples:
- Blackstone (via Horizon Industrial Parks)
- Brookfield
- Ascendas-Firstspace
These firms work with developers to build flexible industrial campuses.
5. Local and Regional Real Estate Groups
Smaller yet influential developers often target land in emerging Tier 2 industrial belts before major infrastructure is completed.
- Acquire 10–100 acres of raw land near growth corridors.
- Work with state boards for conversion and infrastructure linkage.
Often partner with manufacturing MSMEs and ancillaries.
