Joint venture between Actis and Mahindra Lifespaces targets employment for 11,000 personnel and projects Rs. 1,400 crore revenue over decade
30 Jun 2025 | 410 Views | By Angitha Suresh
Ample Parks launched its first industrial and logistics park in Chennai on June 30, 2025, marking the entry of the joint venture between Actis and Mahindra Lifespaces into India's industrial real estate sector. The facility spans 71 acres within Mahindra World City's Domestic Tariff Area and offers 2.1 million square ...
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Ample Parks launched its first industrial and logistics park in Chennai on June 30, 2025, marking the entry of the joint venture between Actis and Mahindra Lifespaces into India's industrial real estate sector. The facility spans 71 acres within Mahindra World City's Domestic Tariff Area and offers 2.1 million square feet of leasable space.
The company invested Rs. 800 crore in the project, which represents the largest industrial space currently available in the Domestic Tariff Area of Mahindra World City. The development is positioned near the Oragadam Industrial Corridor and targets companies in engineering, automotive, electronics, and related manufacturing sectors.
Ample Parks expects the facility to generate annual revenue of Rs. 110 crore upon completion and approximately Rs. 1,400 crore over the next decade. The project is designed to create employment opportunities for nearly 11,000 personnel across various industries.
The park incorporates sustainability measures, including sourcing 50% of its power requirements from renewable energy sources. The development features 441,000 square feet of green space and more than 8,000 trees throughout the facility.
Akash Rastogi, Chief Executive Officer and Director at Ample Parks, stated that the company aims to expand its land portfolio by ten times within five to seven years across multiple projects in India. The facility offers both built-to-suit options and ready-to-move spaces for research and development and commercial purposes.
Ample Parks has identified expansion opportunities in tier 1 cities including Mumbai, Delhi NCR, Ahmedabad, Pune, and Kolkata, where demand for industrial and logistics real estate continues to grow. The company also sees potential in tier 2 cities such as Lucknow, Jaipur, Guwahati, and Nagpur.
Actis operates as a global investor in sustainable infrastructure, while Mahindra Lifespaces functions as the real estate and infrastructure development division of the Mahindra Group. The joint venture was established to develop industrial and logistics parks across India, focusing on addressing supply chain and infrastructure challenges for industrial clients.
The launch event attracted industrial occupiers, consultants, brokers, and financial institutions, reflecting interest in Chennai's industrial and warehousing real estate market. The company serves various sectors including manufacturing, assembly, third-party logistics, e-commerce, automotive, consumer goods, and retail.