ESR, Asia Pacific’s leading real asset manager powered by the New Economy will develop an in-city distribution centre in Delhi with an estimated investment of Rs 175 crore. This 8.2-acre site is in Alipur and has a development potential of ~300,000 sq ft. Situated next to NH44, this location will help e-commerce as well as grocery e-commerce, pharmacy and healthcare delivery services, cloud kitchens, packaging, cold storage companies access over 30 million consumers of India’s largest metropolitan. ESR has developed several multi-storey distribution centres across the Asia Pacific and will bring its design and development expertise to this G+2 structure. The in-city distribution site is scheduled for launch in 2023, and with this acquisition, ESR expands its footprint in India to 16 locations.
Key Advantages:
– ESR’s first G+2 structure in India that will follow its development best practices for multi-level warehouses across the Asia Pacific region
– Just-in-time delivery for 2 million consumers located within a 20-minute driving distance, Outer ring road is reachable within 5 minutes
– Ideal location for online grocery formats, pharmaceutical deliveries, cloud kitchens, packaging, e-commerce, and cold storage segments
– Higher efficiency in storage volumes
– Enhanced connectivity via the metro network for workforce
– Advanced security via AI-enabled cameras
– Certified Green buildings- Energy, water, waste, and a material-efficient campus that benefits indoor environment quality and occupational health.
Situated in the north of Delhi, the site will enable just-in-time delivery for 2 million customers in Rohini, Shalimar Bagh, Pitampura, Ashok Vihar and Model Town, reachable within 20 minutes. The location features superior citywide connectivity via the Outer Ring Road, a 5-minute drive from the site, Eastern Peripheral Expressway (KMP) and has access to neighbouring states of Haryana and Punjab via NH44.
Delhi has a dearth of approved warehouses within city limits, the facilities available are mostly archaic, and not compatible with the latest technology, safety, and security measures. ESR will be the first institutional developer to launch a state-of-the-art in-city facility in Delhi.
The in-city distribution centre could generate direct employment for approx. 3000-4000 people once fully occupied and 1500-2000 indirect employment through companies managing trucking, delivery riders, facility management and security.
Speaking about the announcement, Abhijit Malkani, CEO, ESR India, stated, “ESR India is committed to building state-of-the-art facilities to support the development and modernisation of the country’s supply chain. In-city distribution real estate is still at a nascent stage where the availability of institutional-grade facilities within key metros has been a major concern for our tenants. We wanted to address this by being one of the early movers through the acquisition of our first in-city site in the capital and the development of a best-in-class facility with our experience and track-record across other APAC regions.”