NDR InvIT expands into Hosur with Rs 285 cr acquisition

16 February 2026

NDR InvIT Trust has acquired a 1.78 million sq. ft. Grade-A, fully operational warehousing asset in Hosur, Tamil Nadu, for a total consideration of approximately Rs 285 crore. The transaction will be executed through a mix of cash consideration and unit swap.

The asset comprises 1.78 mn sq ft of leasable area including 0.88 mn sq ft of developed open yard and is 100% occupied with a long weighted average lease expiry (WALE) of 23.95 years. Strategically located in Hosur—one of South India’s fastest-growing EV and automotive manufacturing hubs with strong connectivity to Bengaluru—the acquisition marks NDR InvIT’s entry into its 17th city.

Expanding portfolio

Post-acquisition, the InvIT’s operating area expands to 21.46 million sq ft, with GAV increasing by ₹294 crore, further strengthening its pan-India scale and portfolio resilience.

N Amrutesh Reddy, director, NDR InvIT, said: “The Hosur acquisition marks a strategic expansion into one of India’s most dynamic manufacturing corridors. With 100% occupancy, long-term leases and high-quality tenants, the asset enhances income stability while expanding our footprint into a high-growth EV and automotive hub. Combined with our strong Q3 performance, this reinforces our disciplined growth strategy focused on scale, resilience and long-term value creation.”

Source: https://www.constructionweekonline.in/business/ndr-invit-trust