Panattoni India has announced plans to invest approximately Rs 210 crore in the development of a 25-acre industrial and logistics park in Hosur, Tamil Nadu, as part of its ongoing expansion strategy. This marks Panattoni’s second project in India, following its development of a facility in the Delhi-NCR region. Panattoni India Development Pvt Ltd is a subsidiary of the Panattoni Group, one of the world’s leading industrial real estate developers.
“Our entry into the Hosur market is a key step in strengthening Panattoni’s presence in Tier-1 cities and other high-demand warehousing hubs,” said Sandeep Chanda, Managing Director of Panattoni India. The project will feature a total leasable area of 5.5 lakh square feet, and Chanda confirmed that the park will offer a “plug-and-play” facility. The total development cost is estimated at Rs 210 crore.
Construction is set to begin in the coming months, with completion anticipated by the second quarter of 2026. When asked about funding, Chanda mentioned that an investor had been secured for the project, with additional debt expected from financial institutions.
“India is a key focus in our global expansion plans,” said Robert Dobrzycki, CEO and co-owner of Panattoni for Europe, the UK, the Middle East, and India. “The launch of Panattoni Park, Hosur I, aligns with our strategy to build a comprehensive, pan-India industrial and logistics platform that will support the country’s growing consumption and manufacturing sectors.”
The new facility, Panattoni Park, Hosur I, will cater to a wide range of tenants, including e-commerce, third-party logistics providers, FMCG companies, and manufacturers. The park will feature scalable, high-performance infrastructure built to Grade A standards.
In July 2024, Panattoni launched its first Indian project, Panattoni Park NH71 in Delhi NCR, which is currently under construction with a 360,000 sq. ft. facility. Globally, Panattoni invests approximately EUR 8 billion each year. Since its entry into Asia in 2022, Panattoni has delivered 22.3 million square meters in Europe and 56.3 million square meters worldwide, with an additional 3.1 million square meters under construction in Europe.
