Logistic major Allcargo Logistics Ltd’s two subsidiaries — Allcargo Inland Park and Jhajjhar Warehousing Private Ltd — have bought two land parcels in Gurgaon for a total consideration Rs 231 crore. Allcargo Inland Park bought the land tract from Model Economic Township for Rs 134 crore while Jajjhar Warehousing also bought bought land worth Rs 97 crore from the same company.
The land tract is situated in Farrukhnagar in Gurgaon. The two land parcels are 56.52 acres and 41.06 acres respectively. Allcargo already has a warehouse for Flipkart in India (550,000sq ft) at Farrukhnagar