Hiranandani Group’s GreenBase inks industrial and warehousing deal with Vestas India

GreenBase, a fully owned subsidiary of real estate major Hiranandani Group, will set up a Wind Turbine Park and Warehousing infrastructure for Vestas India at Oragadam on the outskirts of Chennai. The development will be spread over half a million sq. ft.

According to a press note, the newly established vertical ‘GreenBase’, the brain-child of. Niranjan Hiranandani, will provide Industrial and Logistics Parks which will be more customer-centric and build optimisation and efficiency for the end user.

“This project by Vestas will result in creation of new jobs as also business opportunities for allied and ancillary industrial units, and will give a big fillip to development of the industrial and manufacturing sector in Oragadam”, said Niranjan Hiranandani, co-founder and MD, Hiranandani Group.

“We will invest around Rs 1,000 crore over the next 2-3 years on the development of this park,” he added. The group has allocated 115 acres for the Industrial and Logistics Park out of 430 acres of the mixed used integrated township, Hiranandani Parks in Oragadam.

Image credit : img.staticmb.com

Research Desk

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