Embassy Industrial Park announces Phase II of Bilaspur warehousing project
Will invest Rs 300 crore
With the increasing demand for the warehousing projects, Embassy Industrial Park has announced Phase II of their warehousing project at Bilaspur, Gurugram. Spread across 40 acres of land, this project will be built with an investment of Rs 300 crore. The total covered area of the project is estimated to be approximately 1 million sq-ft. The project features connectivity with NH 48 and Western Peripheral Expressway (KMP Expressway), located at a distance of approximately 3 km and 7 km respectively.
To add to the credibility, this project of Embassy Industrial Park has garnered IGBC certificate, the most prestigious certification in the real estate sector for the green building projects. This is the first industrial park in India to receive this certification for the warehousing facility. With world-class amenities, the park manages ground-water table, recycles water, and reduces energy consumption.
This project is an expansion of the existing 25-acre industrial park of Embassy Group at Bilaspur. Phase I and II of the park are located strategically, also known as a warehousing hub of North India. Leading players from e-commerce, logistics, retail & FMCG are some of the biggest occupiers in this region. With the launch of Phase II of the project, warehousing stock of approximately one million sq ft will be added to the Bilaspur micro-market.
The facility is designed with vast open spaces and maintains good landscaping which has helped in improving the air circulation and quality. Also, rainwater harvesting pits have been maintained along the storm water drains which lead to eco-tank. This has helped in increasing the ground water level substantially. Also, to conserve water that gets wasted in the washrooms, the park has designed eco-friendly toilets that can recycle and recirculate water for reuse.
Talking about Phase II of the industrial park, Aditya Virwani, COO, Embassy Group, said, “With the outstanding success of our project in this location, we are happy to announce the phase II of the industrial park with a bigger facility. There is an increased demand for Grade A industrial parks in the region from manufacturing, FMCG, auto and pharma sector. At Embassy, we strive to provide the best in class facilities for our clients. The recent IGBC certification is an evidence for the service we provide and the standards we maintain at our industrial parks.”
Easy access to resources, retail customer base, availability of skilled manpower and infrastructure, have made Gurugram a prime destination for companies from IT/ITES, manufacturing, logistics, pharma and automobile sectors. Further, the close proximity to Delhi and Indira Gandhi International Airport has made this location suitable for all business purposes. With a vacancy rate of 11% as of Q1 2020, the corridor has continued to command its lead over other submarkets in the city.