Ample Parks, a joint venture between UK-based Actis and Mahindra Lifespaces, has announced plans to develop 700 acres of land for industrial space across India over the next five to seven years. The venture’s first project, a 71-acre Grade-A industrial park at Mahindra World City (MWC) near Chennai, involves an investment of ₹800 crore.
According to Akash Rastogi, Chief Executive Officer and Director at Ample Parks, the Chennai project aims to generate annual revenue of ₹110 crore once completed and nearly ₹1,400 crore over the next decade. The facility is expected to create employment for approximately 11,000 people.
Ample Parks plans to acquire and develop land to grow its portfolio tenfold within the next several years. The company is targeting projects across multiple regions in India, including tier-1 cities such as Mumbai, Delhi NCR, Ahmedabad, Pune, and Kolkata. In addition, it sees potential in tier-2 cities including Lucknow, Jaipur, Guwahati, and Nagpur.
The project at MWC is located near the Oragadam Industrial Corridor – Maraimalai Nagar micro-market. The facility will provide 2.1 million sq ft of industrial space within the Domestic Tariff Area of MWC. The project is designed to meet demand from sectors such as engineering, automotive and ancillary industries, electronics, white goods, and other allied sectors.
The industrial park offers built-to-suit options alongside ready-to-move-in spaces for R&D and commercial use. According to a release from Ample Parks, the facility aims to address the growing need for organized, high-quality industrial and logistics infrastructure in the region.
Ample Parks expects to broaden its footprint by developing similar projects in other cities experiencing growth in consumption and manufacturing. Rastogi said the company intends to build a platform capable of supporting a wide range of industries requiring reliable and flexible industrial space.
The partnership between Actis and Mahindra Lifespaces combines global infrastructure investment experience with local market knowledge and execution capability. The joint venture intends to leverage this combined expertise to develop projects that meet the requirements of clients across multiple sectors.
India’s industrial and logistics real estate sector has been expanding steadily in recent years, driven by rising domestic consumption, supply chain shifts, and demand from both global and local manufacturers. Developers have been focusing on creating Grade-A spaces that meet compliance standards and offer flexibility in design and use.
Ample Parks plans to address this demand by offering space suitable for warehousing, assembly, research and development, and related activities. According to the release, the Chennai project is already witnessing interest from potential occupiers across various industries.
The company intends to follow a similar model in other regions by acquiring strategically located land parcels and developing them to provide industrial and logistics spaces.
Mr. Rastogi noted that Ample Parks is particularly focused on ensuring projects are aligned with changing market trends and client requirements. The company aims to provide spaces with infrastructure support to help clients operate efficiently.
The joint venture also plans to look at opportunities in regional economic hubs in tier-2 cities. These cities have been seeing steady growth in industrial activity and infrastructure development, presenting opportunities to build and operate industrial parks.
Ample Parks has set a target to grow its land portfolio tenfold in the next five to seven years. The company plans to invest in phased developments across key industrial corridors, with a focus on markets that have shown sustained growth in industrial and logistics activity.
The industrial park near Chennai is the starting point for Ample Parks’ long-term plan to build a national platform for industrial space development. Rastogi said the company will continue to evaluate new markets and potential sites to expand its presence further.
Ample Parks will work with local authorities, industry bodies, and other stakeholders to facilitate the development and leasing of its projects. The company aims to position itself as a provider of reliable and compliant industrial infrastructure that can serve both domestic and export-oriented industries.
Industry analysts expect demand for such spaces to continue rising as supply chains evolve and companies seek organized, high-quality facilities. Ample Parks intends to respond to this shift by providing spaces that meet operational, compliance, and infrastructure needs across diverse sectors.
