Nagpur Logistics Firm XSIO Secures Prime Mumbai Airport Land in Major Deal
Nagpur-based XSIO Logistics Pvt Ltd has made a significant move by acquiring a seven-acre land parcel near Chhatrapati Shivaji Maharaj International Airport in Mumbai. The company paid ₹230 crore for this strategic property, marking a bold entry into the high-value urban logistics market.
Strategic Location and Project Details
The acquired land sits adjacent to Terminal 1 of Mumbai's international airport. This location offers tremendous strategic advantages, being one of the most premium and tightly held parcels in the entire Mumbai Metropolitan Region. XSIO plans to develop a state-of-the-art, partially temperature-controlled in-city logistics park here.
The planned facility will feature an estimated built-up area of three lakh square feet. It aims to serve Mumbai's growing urban consumption base by offering space to diverse occupiers. These will include multinational corporations, quick commerce players, cloud kitchens, pharmaceutical companies, digital storage providers, and experience centers.
Broader Investment and Partnership Context
This Mumbai acquisition forms part of a larger logistics project with an estimated total investment of ₹470 crore. The project is currently at the pre-construction approval stage. Once approvals are secured, XSIO intends to complete construction within three years.
XSIO is executing this project in partnership with multinational investment management firm Blackstone. This collaboration continues an existing relationship - the two already operate a logistics facility near the Samruddhi Expressway in Nagpur. That facility represents part of a ₹1,100 crore investment commitment in Nagpur's logistics sector.
Expansion Strategy and Market Dynamics
The Mumbai airport project represents XSIO's formal entry into the ultra-high-value urban logistics segment. However, it's just one component of the company's broader expansion plans. XSIO is already developing logistics facilities in Kurla, Mumbai and Wardhaman Nagar, Nagpur. The company is actively scouting other high-density nodes across Maharashtra for additional opportunities.
Market sources indicate that Mumbai's consumption patterns are changing rapidly. Several factors are driving increased demand for urban micro-warehousing solutions. These include the explosive growth of quick commerce and online delivery platforms, along with expanding pharmaceutical, biotechnology, and healthcare services. The proximity to Terminal 1 further enhances the strategic value of XSIO's new project, positioning it to capitalize on these evolving market trends.
