IndoSpace, India's largest developer and owner of Grade A industrial and logistics real estate, has signed an MoU with the Maharashtra Government at the World Economic Forum in Davos. The company plans to expand its footprint by acquiring approximately 100 acres with an investment of more than Rs 700 crore in the Chakan-Talegaon region. This move is expected to create new job opportunities and boost the region's economic growth.

Rajesh Jaggi, Vice Chairman, Real Estate, Everstone Group, said, "This collaboration will propel IndoSpace's expansion in the Chakan-Talegaon region, creating sustainable and efficient industrial spaces that will drive India's economic growth. We are honoured by the trust and confidence placed in our expertise and look forward to this shared vision with the government."

The company also has plans to expand further in the Chakan-Talegaon micro-market and is in the process of acquiring another 200-250 acres through MIDC allotment and private acquisition over the next 2 years.