E-commerce major Amazon India has entered into an agreement with GMR Logistics Park Pvt Ltd to lease a warehousing space spread across 10 lakh sq ft for a period of 20 years in Hyderabad, registration documents accessed by Propstack.
In January last year, GMR Hyderabad Aerotropolis Ltd, a subsidiary of GMR Hyderabad lnternationaI Airport Limited, formed a joint venture with global logistics real estate firm ESR to jointly develop a 66-acre logistics park in Hyderabad for Rs 550 crore.
Recently, an affiliate of Amazon India had entered into an agreement with logistics development platform ESR to lease 606,000-square-feet warehousing space at Bhiwandi in Mumbai Metropolitan Region, news reports said.
[Via]
