Palava Industrial and Logistics Park (PILP) has excellent connectivity to JNPT, the upcoming Navi Mumbai International Airport, and the upcoming Multi-Modal Corridor making it a hub for logistics and warehousing. Shaishav Dharia, CEO – Townships and Rental Assets, Lodha Group talks about the fast-emerging destination.
What are the services offered by the Lodha Group?
Palava Industrial and Logistics Park (PILP) has emerged as Mumbai’s preferred industrial and logistics destination. The Grade-A industrial and logistics park planned across 800 acres is being designed with sustainability at the core, for creating long-term value for the clients. With 300 acres already under development, the park is located in close proximity to the industrial hub of Navi Mumbai – Taloja MIDC. It offers manufacturing companies a ready ecosystem of skilled and semi-skilled labour, transportation ecosystem and ancillary industries. Moreover, the park enjoys excellent connectivity to JNPT, the upcoming Navi Mumbai International Airport, and the upcoming Multi-Modal Corridor making it a hub for logistics and warehousing.
It is part of the 4,500-acre Palava city that provides a ready social ecosystem with high-quality residences, social housing, world-class education, healthcare and much more. PILP offers clients the full suite of options to set up operations, whether in terms of leasing or buying Built-to-Suit buildings, or buying land for construction, along with easy scalability and expansion options. With clean marketable land titles, all statutory approvals and permits in place, the park offers a complete hassle-free on-boarding and operations to the clients.
According to you what is the new normal in the logistics sectors?
In the post-COVID world, companies are looking for Grade-A industrial and logistics parks that are designed to conform to social distancing norms, use technology to provide operational efficiencies, and have state-of-the-art infrastructure that ensures supply chain de-risking and optimising costs.Companies have realised the importance of being in proximity to a well-developed social ecosystem. The lockdown has also established an accelerated growth in the e-commerce sector, with consumer preference for quicker deliveries being a key differentiator. As a result, companies are looking at multi-location warehousing solutions within the same city that can ensure timely delivery to consumers.
What is your present network and expansion plans?
We have witnessed an increased interest for Palava Industrial and Logistics Park among companies across sectors particularly 3PL, e-commerce, pharmaceuticals, manufacturing and others. In a short span of last six months, we have signed deals with four clients across sectors, who have opted for PILP as their preferred business destination. These crucial deals have further cemented Palava Industrial and Logistics Park’s credibility as the preferred logistics hub in Mumbai. We recently completed a 1 million square feet land parcel deal with FM logistics in April 2021 and have further secured a deal with a US-based pharma company for its manufacturing operations. There is tremendous potential in the space and with the recent success of Palava Industrial Logistic Park, we are evaluating a pan-India expansion into key markets across the country.