Vantrock Real Assets will invest over Rs 3,000 crore over the next four years to develop industrial, logistics and warehousing parks across major cities, amid strong demand from light manufacturing, e-commerce and third-party logistics firms. The Mumbai-based company, in a statement on Tuesday, said it would focus initially on warehousing, industrial and logistics parks. It aims to develop 11.5 million sq ft area over the next four years, representing a gross asset value of Rs 4,200 crore on completion. The initial projects, covering 3 million sq ft, will be located in Delhi-NCR, Bengaluru and Pune. Later, the company will enter Mumbai Metropolitan Region (MMR). Anshul Singhal, a veteran in the real estate sector with over two decades of experience, has set up his own venture, Vantrock Real Assets Pvt Ltd. "Every good industrial and warehousing park in this country is full, and the new ones are being built an hour or more away from where the customer's business is. We are going the
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