Alta Capital-Backed Ecobox Acquires 38.5-Acre Land in Bhiwandi; Plans 1.3 Million Sq Ft Logistics Park

Logicap Advisors, backed by Alta Capital, has acquired a 38.5-acre land parcel in Bhiwandi, near Mumbai, for the development of an industrial and logistics park. The project will span around 1.3 million sq ft and will be executed through its platform, Ecobox Industrial Parks. 

The development involves an estimated investment of ₹500 crore. Construction will be carried out in phases, with the first phase expected to be completed within the current year and the second phase scheduled for 2027. 

Portfolio Size and Development Pipeline 

Following this acquisition, Logicap Advisors’ total footprint has reached approximately 19 million sq ft across India. The company is also planning additional developments of around 4 million sq ft during the year, with projects proposed in Pune and Chennai. 

Ecobox Industrial Parks accounts for about 7.5 million sq ft within the overall portfolio. Since its establishment in 2024, it has developed and manages assets across Pune and Sri City, along with an ongoing project in Mannur, Chennai. 

Location and Demand Factors 

Bhiwandi remains a key logistics cluster serving Mumbai and western India, given its access to major consumption centres and transport networks. The area has seen sustained occupier demand, particularly from large distribution and fulfilment operations. 

However, supply of organised and institutional-grade logistics facilities has been relatively limited. The proposed project is expected to add to available capacity in the Mumbai Metropolitan Region. 

Tenant Profile and Usage 

The planned park is expected to cater to a mix of occupiers, including e-commerce firms, direct-to-consumer brands, third-party logistics providers, FMCG companies and light manufacturing units. The development is intended to support storage, distribution and supply chain operations. 

Platform Structure and Partnerships 

Logicap Advisors operates under Alta Capital, which acts as the India partner for Singapore-based Rava Partners, the real estate arm of Hillhouse Investments. The platform also includes Pragati Warehousing, which has developed over 12 million sq ft of assets. 

In 2024, Logicap entered into a joint venture with Mitsubishi Estate for projects in Gurgaon. It has also received investment from Japanese developer Hulic in select logistics assets. 

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Conclusion 

The acquisition increases Logicap Advisors’ presence in Bhiwandi, a key logistics area near Mumbai. Additional projects are being taken up in other locations. 

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