JLL instrumental in CEAT buying 163 acre land near Chennai

Leading real estate consultancy firm JLL India has played an active role in tyre major CEAT purchasing a 163-acre land parcel near Chennai to set up a radial tyre manufacturing plant.

JLL India, it is learnt, strategically advised and concluded the transaction for CEAT, the flagship company of RPG Enterprise.

This is one of the largest industrial investments and private land acquisition arrangements in Tamil Nadu facilitated by an international property consultancy. it is said.

In this property located near Sriperumbudur on the outskirts of Chennai, CEAT is planning to set up a greenfield plant with an estimated investment of Rs 5,000 crore.

The company had acquired 163 acre through G Square Group and the Rs 5,000 crore investment will be made over three to five years.

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