Mapletree and CapitaLand Emerge as Front-Runners for Pune Warehousing Asset Deal

Singapore-based real estate investors Mapletree and CapitaLand have emerged as leading contenders to acquire Chakan Industrial Estates, a warehousing and industrial property portfolio near Pune, according to a report by Financial Express.

The property spans approximately 143 acres and comprises around 3.5 million square feet. The owners are reportedly seeking between ₹1,650 crore and ₹1,800 crore for the asset.

The potential transaction reflects continued investor interest in India's industrial and logistics real estate sector, where warehouses and distribution facilities support e-commerce, manufacturing and supply-chain operations.

Chakan, located near Pune, is an established industrial hub with access to manufacturing facilities and regional transport networks. Its location makes the area relevant to companies seeking space for warehousing, distribution and industrial operations.

Other investors, including Brookfield, 360 One Asset and Prologis, have also been reported among the parties interested in the portfolio. However, the final buyer and transaction terms have not been confirmed publicly.

Mapletree and CapitaLand have existing real estate interests across Asia-Pacific and have been expanding their logistics and industrial property portfolios. An acquisition would offer further exposure to India's industrial property market, although any investment decision would depend on asset quality, leasing prospects and the final deal terms.

The proposed sale comes amid broader activity in India's warehousing sector, as institutional investors evaluate income-producing properties and logistics facilities. Demand for well-located industrial assets can be supported by manufacturing activity, organised retail, e-commerce and third-party logistics operators.

Until a binding agreement or official announcement is made, the reported price and the identities of the leading bidders should be treated as details of a potential transaction rather than a completed sale.

The outcome of the deal could provide another indication of investor appetite for large industrial and warehousing assets in India's key logistics corridors.