Hiranandani to invest Rs 1,000 crore in Chennai industrial park

GreenBase, a fully owned subsidiary of real estate conglomerate, Hiranandani Group, will create a wind turbine park and warehousing set-up for Vestas India at Oragadam near Chennai.

The development will be spread over half a million sq. ft.

The ground breaking ceremony for the ‘built to suit’ set-up took place on 12 September 2019 at the Industrial and Logistics Park, located within Hiranandani Parks, Oragadam.

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 : amazonaws.com

Research Desk

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