Pardos Logistics, a subsidiary of Pardos Real Estate, has acquired 41 hectares of land in Haryana for the development of 1 million square meters of storage space as e-commerce has fueled the demand for warehouses.

The deal was made possible by the Anarock Group Capital Markets division, which did not disclose the cost of the plot but stated that the prevailing rate of the land's location around Ballabgarh-Sohna Highway is between Rs 1.4 to 1. 5 crore. per hectare.

Pardos Real Estate is a development platform formed by the alternative investment fund of the DMI Group.

The Sohna-Ballabgarh market gained prominence in the past two years after the land acquisition by ESR India, an industrial and warehousing player to set up a 77-acre warehouse.

The Sohna-Ballabgarh market gained prominence in the past two years after the land acquisition by ESR India, an industrial and warehousing player to set up a 77-acre warehouse.