+
IndoSpace to invest Rs 2k crore in TN
Real Estate

IndoSpace to invest Rs 2k crore in TN

IndoSpace, India's leading developer and owner of Grade A industrial real estate, has entered into a Memorandum of Understanding with the government of Tamil Nadu to invest over Rs 2,000 crore in the state.

This investment by IndoSpace is expected to generate 15,000 new jobs, providing a substantial boost to employment opportunities in the state, the company said.

Tamil Nadu continues to be a very important destination for us in developing industrial parks. It makes us proud that in providing world-class industrial logistics facilities to our clients, we are also able to contribute to enhancing the state's industrial infrastructure, said Rajesh Jaggi, Vice Chairman - Real Estate, Everstone Group.

He expressed confidence that the partnership will not only contribute to Tamil Nadu's economic development but also work towards strengthening the overall economy for the nation.

IndoSpace has an existing land bank of around 600 acres in the region. With an expansive presence of 14 Grade A industrial and logistics parks strategically located around the main industrial hubs, IndoSpace has developed and leased around 13 million sq ft with a total investment of Rs 4,000 crore in the state.

This investment agreement with the Tamil Nadu government is a part of the company's continued commitment towards supporting industrial requirements and has led to the planning of an additional 5 million sq ft of land in the state.

IndoSpace, India's leading developer and owner of Grade A industrial real estate, has entered into a Memorandum of Understanding with the government of Tamil Nadu to invest over Rs 2,000 crore in the state. This investment by IndoSpace is expected to generate 15,000 new jobs, providing a substantial boost to employment opportunities in the state, the company said. Tamil Nadu continues to be a very important destination for us in developing industrial parks. It makes us proud that in providing world-class industrial logistics facilities to our clients, we are also able to contribute to enhancing the state's industrial infrastructure, said Rajesh Jaggi, Vice Chairman - Real Estate, Everstone Group. He expressed confidence that the partnership will not only contribute to Tamil Nadu's economic development but also work towards strengthening the overall economy for the nation. IndoSpace has an existing land bank of around 600 acres in the region. With an expansive presence of 14 Grade A industrial and logistics parks strategically located around the main industrial hubs, IndoSpace has developed and leased around 13 million sq ft with a total investment of Rs 4,000 crore in the state. This investment agreement with the Tamil Nadu government is a part of the company's continued commitment towards supporting industrial requirements and has led to the planning of an additional 5 million sq ft of land in the state.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code