Maharashtra has been one of the most lucrative states for industrial real estate investment in India. In last 6 years whopping 20% India’s real estate investment happened only in Maharashtra. Maharashtra is considered India’s powerhouse for investing in financial and commercial markets.
Western Maharashtra has a vast network of well-established industries in diverse sectors like information technology, engineering and automotive, pharmaceuticals, and much more, which appeals to various real estate seekers.
In FY2022, Maharashtra attracted 28% of India’s overall FDI inflows owing to its investor-friendly policies, matchless national and international connectivity, and a strong focus on infrastructure.
Automobile Manufacturing ~
As of 2022, India is the 3rd largest automobile market in the world, surpassing Japan and Germany in terms of sales. As a result, global manufacturers are eyeing the country, both as a manufacturing hub and market. UK-based electric mobility company London Electric Vehicle Company (LEVC) recently announced its plans to enter the Indian market.
Maharashtra seems to enjoy the most favored states in the chapter of the Great Indian Automobile story. Apart from commanding the highest share of pan-India automobile sales, the state is also home to the manufacturing and assembly operations of brands such as Audi, Volkswagen, Skoda, General Motors, Land Rover, Fiat, Mercedes Benz, Force Motors, Mahindra and Mahinda, and Jaguar.
What makes Maharashtra an attractive proposition for Automobile Manufacturers ~
As home to the Western manufacturing cluster, Maharashtra has a 33% share in the Indian manufacturing space. Pune alone has more than 4,000 manufacturing and ancillary units while Chakan, Nashik, and Aurangabad also have a significant number of manufacturing and assembly units. These regional hubs are extremely well connected and are part of a robust local supply chain that is essential for automotive manufacturers. Recently Hyundai has acquired large chunk of land in Talegaon to expand their operations in India. As a result, many ancillaries of Hyundai are shifting to area nearby Pune.
Effect of China plus one strategy ~
With Global manufacturers looking beyond China, India is topping the list of most attractive alternative destination for setting up a manufacturing plant. Several Smartphone, semiconductor, aviation and defance manufacturers have already set up or looking to establish their manufacturing bases in India.
Invest India, a National Investment Promotion and Facilitation Agency of the Government of India, in its “Great Places for Manufacturing in India” identifies Pune and Mumbai-Aurangabad corridor as most promising sectors for investment in light industrial parks, warehouses and manufacturing plants. Mr. Vasu Patil, MD Horizon Industrial Services, a known figure in industrial properties, anticipates the industrial property market to expand at a CAGR of almost 13 per cent from the projected period of the fiscal year 2022 to 2027.
Looking to invest in Industrial property in Maharashtra? Get in touch with Horizon Industrial services.
Horizon Industrial Services, a Pune based firm, is one of the most trusted names in Industrial Properties. We offer our clients a full range of Industrial property services. We are experts in providing consultancy services for leasing, buying and selling industrial land, Plots, operational factories, Industrial Sheds, warehouses across Maharashtra. Known as the most reputed & transparent property dealers in Maharashtra, we provide a significant Industrial property experience to our valued clients. We guarantee our client’s satisfaction by delivering excellent Industrial property solutions and property investments. We have a strong team of experienced professionals who are well-versed in property dealing processes and have a good rapport with local authorities.
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