Ample Parks to develop industrial park in Chennai, to invest Rs 800 crore
The joint venture (JV) of Mahindra Lifespaces and Actis, Ample Parks, has launched its maiden Industrial and Logistics Park in Mahindra World City (MWC), Chennai. Spread over 71 acres, this project is estimated to cost Rs 800 crore.
It would be the largest Grade-A industrial space currently available within the Domestic Tariff Area (DTA) of MWC. The park offers flexible built-to-suit options alongside ready-to-move-in spaces for R&D and commercial use and is strategically located near Oragadam Industrial Corridor – Maraimalai Nagar (OMM) micro-market, and caters predominantly to engineering, auto & ancillaries, electronics & white goods, and other allied industries.
It is expected to generate annual revenue of Rs 110 crore post completion and approximately Rs 1400 crore over next 10 years.
Also Read: Panattoni sets up industrial and logistics park in Hosur