Logicap Management Pte. Ltd., a portfolio company of Rava Partners, announces its joint venture with Mitsubishi Estate (MEC) to develop modern industrial and logistics facilities across key industrial hubs in India. This collaboration represents a pivotal move in addressing India’s rapidly growing demand for state-of-the-art infrastructure solutions and marks a significant step in the expansion strategies of both companies.
The seed portfolio includes facilities strategically located in the National Capital Region (NCR) of Delhi. Together, Logicap and MEC aim to build world-class, sustainable facilities that cater to the needs of both traditional industries and the fast-growing e-commerce and IT sectors.
The joint venture’s initial portfolio includes two large-scale facilities located in Gurgaon, Haryana, part of the NCR region. These projects are spread across a total site area of 29 hectares, offering a combined effective area of 179,000 square meters. Developed by Pragati Warehousing, a portfolio company of Logicap, these facilities are designed to support industries ranging from traditional manufacturing to e-commerce.
The facilities have been fully occupied since their completion between 2021 and 2022, demonstrating the robust demand for high-quality logistics infrastructure. With direct access to major highways and industrial centers, these assets will continue to support India’s growing supply chain needs and serve global corporations operating in the country.
Logicap operates key development platforms in India—Pragati Warehousing —which oversee the development and management of these logistics facilities. Pragati Warehousing, one of India’s leading logistics developers, has a track record of developing over 12 million square feet of Grade-A warehouses.
This joint venture will play a critical role in advancing India’s logistics capacity by offering cutting-edge, environmentally certified facilities that meet the stringent requirements of global operators. Both companies aim to create a network of high-quality assets that will drive India’s long-term economic growth.
This partnership marks the beginning of what Logicap and MEC hope will be a long-term collaboration. Both companies share a commitment to sustainable, long-term value creation through the development of modern logistics infrastructure. Beyond this project, Logicap and MEC look forward to building a pipeline of industrial and logistics assets that will support India’s industrial growth for years to come.
Both facilities in the Delhi NCR region have achieved LEED Gold and Indian Green Building Council Gold certifications, reinforcing the commitment of Logicap and MEC to sustainability. The facilities feature cutting-edge technologies designed to minimize their environmental impact, aligning with global trends toward greener, more efficient infrastructure.
