ESR Group has acquired 57 acres of land in Cuttack, Odisha to develop a logistic park with an investment of about Rs 360 crore. The park will have a total development potential of 1.2 million square feet and will accommodate six buildings. ESR Cuttack Logistics Park aims to meet the growing demand for logistics facilities driven by e-commerce, retail, and 3PLs in Odisha. ESR Group has a development work-in-progress of $13 billion as of June 30, 2023. ESR India has assets under management of about $1.6 billion.