Business StandardCenter·
IFC to invest ₹225 crore in NDR Smart Spaces for warehousing expansion
The International Finance Corporation (IFC) on Monday announced an equity investment of Rs 225 crore (around USD 23 million) in NDR Smart Spaces. The investment will support NDR Smart Spaces in developing a pipeline of around 20 million square feet of Grade A warehousing infrastructure across 14 cities, including around 8 million square feet under construction. NDR Smart Spaces Pvt Ltd is a newly established platform by the NDR group, which is the sponsor of NDR InvIT Trust, dedicated to develo…
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