NDR InvIT acquires 1.78-million-sq-ft Hosur warehousing asset for Rs 285 crore

MUMBAI | BENGALURU: NDR InvIT Trust has acquired a 1.78 million sq ft Grade-A, fully operational warehousing asset in Hosur, Tamil Nadu, for a total consideration of Rs 285 crore. The transaction will be executed through a mix of cash consideration and unit swap.

The asset comprises 1.78 million sq ft of leasable area including 0.88 million sq ft of developed open yard and is 100% occupied with a long weighted average lease expiry (WALE) of 23.95 years, the listed InvIT said in a release.

Post-acquisition, the InvIT’s operating area expands to 21.46 million sq ft, with Gross Asset Value (GAV) increasing by Rs 294 crore, strengthening its pan-India scale and portfolio.


“The Hosur acquisition marks a strategic expansion into one of India’s most dynamic manufacturing corridors. With 100% occupancy, long-term leases and high-quality tenants, the asset enhances income stability while expanding our footprint into a high-growth EV and automotive hub,” said N. Amrutesh Reddy, Director, NDR InvIT.

Strategically located in Hosur, one of South India’s fastest-growing EV and automotive manufacturing hubs with strong connectivity to Bengaluru, the acquisition marks expansion of NDR InvIT’s portfolio in the 17th city.

The trust’s existing portfolio includes 37 industrial parks and over 67 warehouses across 16 cities. Its top 10 clients account for approximately 32% of the leased area.

Separately, NDR InvIT reported Revenue from operations Rs 105.89 crore for the quarter ended December. The company’s profit before tax stood at Rs 42.26 crore on the back of total income worth Rs 108.68 crore. It has proposed a distribution worth Rs 74.3 crore for the quarter.