Shapoorji Pallonji Real Estate plans to enter warehousing segment
Looking to further diversify its portfolio and tap the growing warehousing sector, Shapoorji Pallonji Real Estate plans to enter the segment and is in talks for strategic partnerships, a top company official has said. The company is in the process of identifying locations to develop grade A warehousing stock across the country, Shapoorji Pallonji CEO Venkatesh Gopalakrishnan told media.
“We have a large residential portfolio and now we want to build a warehousing platform. This is mainly because only residential is also risky. Initially we were commercially heavy and now we are residential heavy,” he said. Talking about potential in the warehousing sector, Gopalakrishnan said there is a good demand for grade A stock and with the introduction of GST and growth in the FMCG and e-commerce sectors, they see it as a huge opportunity to foray into the segment.