NDR InvIT Inaugurates 1 Lakh Sq Ft Warehousing Facility at Verna Industrial Estate, Goa

2 min read     Updated on 07 May 2026, 10:19 AM
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NDR InvIT has inaugurated a 1 lakh sq ft (0.1 million sq ft) Grade A warehousing facility at Verna Industrial Estate, South Goa, leased to a leading manufacturing client. The development expands NDR's total portfolio in Goa to approximately 1.3 million sq ft, making it the largest developer in the state. NDR InvIT Trust, India's first perpetual warehousing and industrial parks InvIT, currently manages an AUM of 22.96 million square feet across over 75 warehouses and 42 industrial parks in 18 cities, serving more than 100 tenants.

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India's first perpetual warehousing and industrial parks InvIT listed on the National Stock Exchange, ndr invit trust , has inaugurated a 1 lakh sq ft (0.1 million sq ft) warehousing facility at Verna Industrial Estate, South Goa. The development marks a significant milestone in the company's regional expansion, taking its total portfolio in the state to approximately 1.3 million sq ft and establishing NDR as the largest developer in Goa.

Key Details of the Verna Facility

The newly inaugurated facility is fully operational and has been leased to a leading manufacturing client, reflecting strong occupier interest in high-quality, compliant warehousing solutions in the region. The following table summarises the key parameters of the development:

Parameter: Details
Facility Size: 1 lakh sq ft (0.1 million sq ft)
Location: Verna Industrial Estate, South Goa
Facility Grade: Grade A
Occupier: Leading manufacturing client
Total Goa Portfolio: Approximately 1.3 million sq ft
Inauguration Date: 6th May 2026

Strategically located in Verna, one of Goa's key industrial hubs, the facility benefits from strong connectivity to major highways, ports, and industrial clusters. It is designed to cater to manufacturing and industrial occupiers, incorporating efficient layouts, scalability, and compliance with modern warehousing standards.

Leadership Commentary

Speaking on the occasion, Amrutesh Reddy, Director, NDR InvIT Managers Private Limited, said: "Goa is fast evolving as a credible industrial and manufacturing hub, and this development marks an important step in our strategy to expand into high-growth, underpenetrated markets. Our Verna facility is built to global standards and tailored to the needs of modern manufacturing occupiers. With this inauguration, we are not only strengthening our presence in the state but also reinforcing our commitment to building high-quality infrastructure that supports India's manufacturing-led growth."

About NDR InvIT Trust

NDR InvIT Trust is India's first perpetual warehousing and industrial parks InvIT. The Trust's portfolio and key metrics are outlined below:

Parameter: Details
AUM: 22.96 million square feet
Number of Warehouses: Over 75
Industrial Parks: 42
Cities Covered: 18
Number of Tenants: More than 100

The Trust's tenant base spans sectors including third-party logistics, e-commerce, technology, engineering, automobiles, white goods, retail, and FMCG. Through its platform, NDR InvIT Trust focuses on enabling sustainable economic and social growth through strategic infrastructure investments.

Historical Stock Returns for NDR InvIT Trust

1 Day5 Days1 Month6 Months1 Year5 Years
-0.18%+0.55%+2.82%+11.63%+25.46%+31.49%

Will NDR InvIT Trust pursue additional acquisitions or greenfield developments in Goa to further consolidate its position as the largest developer in the state?

How might the growing industrial activity in Goa influence NDR InvIT Trust's distribution yields and unit price performance on the NSE in the near term?

Which other underpenetrated Tier-2 or coastal markets is NDR InvIT Trust likely to target next as part of its regional expansion strategy?

NDR InvIT Trust Issues Corrigendum to Revised Postal Ballot Notice for Preferential Unit Issuance

3 min read     Updated on 06 May 2026, 09:50 AM
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NDR InvIT Trust issued a corrigendum dated May 05, 2026, to its Revised Postal Ballot Notice dated April 20, 2026, amending the list of 64 proposed allottees for cash consideration with a combined maximum of up to 5,35,25,000 units, and revising the swap consideration unit count from up to 90,00,000 to up to 88,76,829 units. The overall preferential issue covers up to 6,24,01,829 units at INR 135.80 per unit. Post-preferential issue, total units outstanding are projected at 45,84,14,043, with public holding rising to 65.10% from 59.60%.

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NDR InvIT Trust , through its Investment Manager NDR InvIT Managers Private Limited, issued a corrigendum dated May 05, 2026, to its Revised Postal Ballot Notice dated April 20, 2026, read with the Postal Ballot Notice dated April 17, 2026. The corrigendum introduces several amendments to the postal ballot notice and its explanatory statement, and shall form an integral part thereof from the date of issuance. All other contents of the Postal Ballot Notice, save and except as modified by this corrigendum, remain unchanged.

Background: Preferential Issue of Units

The Postal Ballot Notice was issued to unitholders of NDR InvIT Trust in accordance with Regulation 22(2)(c) of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 ("SEBI InvIT Regulations"), read with Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2025/102 dated July 11, 2025. The notice sought unitholder approval for the issuance of up to 6,24,01,829 units of the Trust at an issue price of INR 135.80 per unit on a preferential basis.

Key Amendments Introduced by the Corrigendum

The corrigendum addresses multiple modifications across Resolution Items and the Explanatory Statement:

  • Resolution Item No. 1 (Page 3): The list of proposed allottees for cash consideration has been amended and substituted. A total of 64 proposed allottees, all categorised as Non-Sponsor, are listed, with a combined maximum allotment of up to 5,35,25,000 units.
  • Resolution Item No. 2 (Page 7): The approval for issuance of units on a preferential basis by way of swap consideration has been revised from up to 90,00,000 units to up to 88,76,829 units.
  • Explanatory Statement Item No. 2 (Page 17): The maximum number of units to be issued under the swap consideration is amended to up to 88,76,829 units.
  • Explanatory Statement Item No. 2 (Page 18): The consideration clause is updated to reflect the revised figure of up to 88,76,829 units against transfer of securities of the target entities.

Swap Consideration: Target Entities

The revised swap consideration of up to 88,76,829 units is to be issued to the shareholders of the following target entities:

Target Entity Maximum Units (Up to)
NDR Unique Space Private Limited 6,299,015
NDR Bigbox Private Limited 119,224
NDR Space Private Limited 2,458,590

Proposed Allottees for Cash Consideration: Key Investors

The amended list of proposed allottees for cash consideration comprises 64 Non-Sponsor investors. The following table highlights select major allottees by maximum unit allocation:

Sr. No. Name of Proposed Allottee Maximum Units (Up to)
18. Larsen & Toubro Limited 1,10,25,000
19. LTM Limited 55,00,000
36. Infrastructure and Real Assets Fund 73,50,000
1. NEO Real Asset Yield Fund 18,50,000
62. Kenai Advisors LLP 18,25,000
42. Everest Food Products Private Limited 18,25,000
21. Rudira Aqua Limited 14,50,000
43. Kunjal Lalitkumar Patel 14,50,000
2. Munjal Mavjibhai Lakhani 11,25,000
47. Vimal Labhubhai Lakhani 11,00,000
Total (All 64 Allottees) 5,35,25,000

Revised Unitholding Pattern

The corrigendum also amends Exhibit-A of the Explanatory Statement, presenting the unitholding pattern of the Trust before and after the preferential issue, based on the latest BENPOS date of April 10, 2026, and assuming allotment to all allottees up to the maximum number of units.

Category Before Preferential Issue (Units) Before (%) After Preferential Issue (Units) After (%)
Sponsor & Sponsor Group (A) 15,99,85,532 40.40 15,99,85,532 34.90
Public Holding – Institutions (B1) 3,40,55,154 8.60 4,39,80,154 9.59
Public Holding – Non-Institutions (B2) 20,19,71,528 51.00 25,44,48,357 55.51
Total Public Holding (B) 23,60,26,682 59.60 29,84,28,511 65.10
Total Units Outstanding (C = A+B) 39,60,12,214 100.00 45,84,14,043 100.00

The corrigendum was signed by Neha Chovatia, Company Secretary and Compliance Officer of NDR InvIT Managers Private Limited, and is available on the Trust's website at https://www.ndrinvit.com/ .

Historical Stock Returns for NDR InvIT Trust

1 Day5 Days1 Month6 Months1 Year5 Years
-0.18%+0.55%+2.82%+11.63%+25.46%+31.49%

How might Larsen & Toubro's significant stake acquisition in NDR InvIT Trust influence the trust's future asset acquisition strategy and pipeline in the warehousing and logistics sector?

With the Sponsor & Sponsor Group's holding set to dilute from 40.40% to 34.90% post-issuance, what are the potential governance and control implications for NDR InvIT Trust's long-term decision-making?

How could the swap-based acquisition of NDR Unique Space, NDR Bigbox, and NDR Space Private Limited impact the trust's distribution per unit (DPU) and overall yield for existing unitholders?

More News on NDR InvIT Trust

1 Year Returns:+25.46%