US-based real estate developer Panattoni to invest $200 mn in India

US-based industrial real estate developer Panattoni will invest $200 million in India to develop four industrial and logistics parks across major cities. The Indian venture, headquartered in Bengaluru, is in talks with land owners to purchase around 250 acres of land in Delhi-NCR, Mumbai, Chennai, Hyderabad, Bengaluru and Pune. The proposed investments include land, construction and other costs.