Warburg-Embassy JV buys 110 acre in Haryana to build industrial park

Private equity major Warburg Pincus and Embassy Group’s joint venture company Embassy Industrial Parks has acquired a 110-acre land parcel in Haryana’s Farrukhnagar town near Gurgaon. The entity is looking to invest Rs 600 crore, including the land cost, to develop a 3-millionsq-ft industrial park on this plot. The industrial and warehousing solutions company has already leased out 1 million sq ft of this proposed development.

Source: ET Realty