This additional amount will increase its development pipeline from 20 million square feet to 50 million square feet, IndoSpace said in a statement.

"In addition to growth in consumption and e-commerce, we see India's manufacturing potential being unlocked by the government's Make In India programme.

This requires world-class industrial and logistics real estate and we will continue to invest aggressively," Rajesh Jaggi, Managing Partner Everstone Real Estate and Co-CEO of IndoSpace said.

IndoSpace, a joint venture between Everstone Group and Realterm, operates industrial and logistics parks in Pune, NCR, Bengaluru and Chennai.

The company has robust plans to fund and expand its 17 industrial real estate projects across the country to support manufacturing, consumer and third-party logistics companies.

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