Greenbase Industrial and Logistics to develop logistics park in Chennai
The joint venture (JV) of Hiranandani Group and US-based private equity firm Blackstone Group has plans to acquire three land parcels spread over 211 acres across Southwest Chennai’s Oragadam area and in North Chennai. The JV intends to invest Rs 700 crore to develop industrial parks on these parcels, boosting their Chennai portfolio to 11 million sq ft.
The joint venture aims to deliver 20 million sq ft over five years across various markets.
Also Read: Rs 3,000 crore expansion plan chalked out by Hiranandani Group