Greenbase Industrial acquires 215 acres land in Chennai
Mumbai-based Greenbase Industrial and Logistics Pvt Ltd has acquired 215 acres (over 9 million sq ft ) of land in Chennai. The land was acquired for Rs 2,000 crore, as it is looking to develop a 5 million sq ft land pool.
According to the Hiranandani Group-backed company, another 4 million sq ft is in the pipeline for acquisition, with an additional investment of Rs 1,500 crore. The firm has acquired 160 acres in Palur, Oragadam, and 55 acres in Arani, North Chennai. This expansion is focused on institution-grade industrial, warehousing, and logistics infrastructure across India’s strategic manufacturing corridors.