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Hiranandani Group forays into industrial and logistics parks

January 2019

The doyen of real estate, who builds townships and communities based on world-class infrastructure, has now launched Industrial and Logistics Parks and it is going pan-India. India’s burgeoning logistics sector is estimated to require 839 million sq ft of light industrial and logistics space by 2022. The newly established vertical ‘GreenBase’ will provide best-in-class logistics and industrial parks, which will be more customer-centric and build optimisation and efficiency for the end-user. The industrial, logistics and warehousing sector is a natural transition for the Hiranandani Group, given its legacy and proven history in real estate, infrastructure, and mixed-used integrated township development model.

Dr Niranjan Hiranandani, Chairman & Managing Director, Hiranandani Communities, says, “Inspired by the PMO’s ‘Make in India’ campaign and the introduction of unified tax structure in the form of GST, replacing a plethora of state and federal levies, has helped to unify multiple states into a single market, bringing a structural shift to the small fragmented warehouse networks into consolidated space along with large distribution chains and centralised hubs. The government has also granted infrastructure status to the logistic industry, allowing developers to access low-cost funds for the development. All these favourable reasons give a big impetus to diversify and foray into the industrial and logistics sector.”

The new vertical for Industrial and Logistic Parks will adopt global best practices, leveraging on its established and successful integrated township model, powering new-age India’s urbanisation story. The concept shall also promote healthy living for those who work there, based on the Walk-to-Work philosophy, for one. Like the existing integrated townships model, community development in the industrial and logistics townships will include social amenities like primary healthcare and industrial housing. The operating model of GreenBase will include built-to-suit industrial facilities, cold storage, built-to-suit warehouses for end-customers as well for large 3PL players. For the businesses that opt for plug and play and need warehousing solutions, GreenBase will offer larger space off-take apart from being a valuable partner assisting the customer on an end-to-end solution, which includes from land acquisition, master planning, optimising design and built to suit and a project management consultant.

The Hiranandani Group will leverage its strengths in execution, design, engineering and delivery, coupled with market presence and brand leadership to have a lead over others. “Hiranandani Group’s intrinsic strength in infrastructure development and township development will give GreenBase a natural advantage over the competition to build and deliver world-class industrial and logistics parks. With already existing land banks and acquisition of new tracts of land, proven engineering and construction domain expertise and customer confidence, GreenBase is poised to deliver world-class infrastructure, amenities and industrial parks across India,” says N Shridhar, Group Director & CEO-Infrastructure (Industrial & Logistics), Hiranandani Group. Apart from our 500 plus acre of our own land bank reserved for this business across various locations, we are acquiring new land parcel either directly or through partnership or JV model in strategic locations. “Pune (Talegaon), Nashik, Mumbai (Panvel) Chennai (Oragadam) and Kolkata (Durgapur) is where it all begins. Our other locations for pan-India growth story will follow,” he concludes.