+
ESR Group acquires 27-acre Chennai land for Rs 2.76 billion
Real Estate

ESR Group acquires 27-acre Chennai land for Rs 2.76 billion

ESR Group announced the acquisition of an additional 27 acre of land to expand its existing industrial and logistics park at Oragadam in Chennai. With this acquisition, the ESR Oragadam Industrial and Logistics Park now spans 107 acre, offering a development potential of 2.5 million square feet.

According to a statement released on Monday, the company emphasised that the Rs 2.76 billion investment reflects ESR's commitment to strengthening Tamil Nadu's industrial landscape.

The ESR Oragadam Industrial & Logistics Park is strategically positioned in the Oragadam-Sriperumbudur cluster, an area experiencing strong demand growth for Grade A assets.

The latest expansion follows the successful development of the first two phases of ESR Oragadam, which have attracted several high-profile clients including CUBIC, A2Mac1, and CCL.

Abhijit Malkani, CEO of ESR India, described the expansion in Oragadam as a crucial step in supporting Tamil Nadu's aspiration to emerge as a key industrial hub. He characterised the project as surpassing traditional Grade A industrial buildings.

Malkani stated that by enhancing the supply chain with modern infrastructure, ESR Group aims to facilitate advanced manufacturing and logistics capabilities for its customers and communities.

He further elaborated that ESR is developing an ecosystem prioritizing innovation and environmental responsibility, integrating green building practices and sustainable infrastructure into their designs to enable efficient operations while reducing environmental impact.

ESR Group is recognised as the leading new economy real asset manager in the Asia-Pacific region and one of the largest globally listed real estate investment managers. Its integrated fund management and development platform spans across Australia/New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, with additional presence in Europe and the US.

ESR Group announced the acquisition of an additional 27 acre of land to expand its existing industrial and logistics park at Oragadam in Chennai. With this acquisition, the ESR Oragadam Industrial and Logistics Park now spans 107 acre, offering a development potential of 2.5 million square feet. According to a statement released on Monday, the company emphasised that the Rs 2.76 billion investment reflects ESR's commitment to strengthening Tamil Nadu's industrial landscape. The ESR Oragadam Industrial & Logistics Park is strategically positioned in the Oragadam-Sriperumbudur cluster, an area experiencing strong demand growth for Grade A assets. The latest expansion follows the successful development of the first two phases of ESR Oragadam, which have attracted several high-profile clients including CUBIC, A2Mac1, and CCL. Abhijit Malkani, CEO of ESR India, described the expansion in Oragadam as a crucial step in supporting Tamil Nadu's aspiration to emerge as a key industrial hub. He characterised the project as surpassing traditional Grade A industrial buildings. Malkani stated that by enhancing the supply chain with modern infrastructure, ESR Group aims to facilitate advanced manufacturing and logistics capabilities for its customers and communities. He further elaborated that ESR is developing an ecosystem prioritizing innovation and environmental responsibility, integrating green building practices and sustainable infrastructure into their designs to enable efficient operations while reducing environmental impact. ESR Group is recognised as the leading new economy real asset manager in the Asia-Pacific region and one of the largest globally listed real estate investment managers. Its integrated fund management and development platform spans across Australia/New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, with additional presence in Europe and the US.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?