ILV South Acquires 47.44 Acres Near Bengaluru for ₹105 Cr

ILV South Warehousing Parks Private Limited has acquired a 47.44-acre industrial land parcel in Kolar district near Bengaluru for a total premium of ₹105.47 crore, according to property registration data accessed by Propstack.

The Karnataka Industrial Areas Development Board (KIADB) allotted the land through a lease-cum-sale arrangement, with the transaction commencing on August 17, 2026.

Industrial land located in Jakkasandra 2nd Phase

The parcel is situated in Jakkasandra 2nd Phase (Mindahalli) Industrial Area, Mindahalli Village, Kasaba Hobli, in Kolar district.

The land measures approximately 1,91,990 square metres, equivalent to around 47.44 acres.

The recorded premium for the transaction is ₹105,46,79,996, which works out to approximately ₹2.22 crore per acre.

The land allotment has been made to ILV South Warehousing Parks through KIADB, the state agency responsible for developing industrial areas.

Ten-year lease-cum-sale arrangement

The transaction is structured as a lease-cum-sale arrangement for an initial period of 10 years.

The documents provide for an absolute sale after the company fulfils specified development and production-related covenants.

The annual lease rent is ₹47,442. In addition, the company is required to pay annual maintenance charges of ₹7,11,624, according to the transaction details recorded in the documents.

ILV South Warehousing Parks Private Limited and KIADB could not be reached for comment on the acquisition.

Also Read: Innovist Leases 2.62 Lakh Sq Ft Warehouse in Gurugram

Industrial location near Bengaluru

The Jakkasandra 2nd Phase industrial area is located in Malur taluk, which has industrial activity and connectivity to Bengaluru and neighbouring manufacturing centres.

The location is outside the city’s established industrial pockets and is part of Kolar district’s industrial geography.

Large industrial land parcels in locations near major cities can be relevant to companies planning manufacturing facilities, warehousing infrastructure and distribution networks.

The registered transaction provides a substantial land holding to ILV South Warehousing Parks, although the reported deal details do not specify the planned development or intended end-use of this particular parcel.

Also Read: NCR Leads Warehousing Demand as Rents Rise 44% Since 2023

Key Takeaways

• ILV South Warehousing Parks acquired 47.44 acres in Kolar district near Bengaluru.
• The land premium is ₹105.47 crore, or approximately ₹2.22 crore per acre.
• KIADB allotted the parcel through a 10-year lease-cum-sale arrangement.
• The transaction includes annual lease rent of ₹47,442 and maintenance charges of ₹7.11 lakh.

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