Blackstone-Hiranandani's Greenbase to Invest Rs 15 bn in Chennai

09 Oct 2023 CW Team

Greenbase Industrial and Logistics Parks, a strategic partnership between the Hiranandani Group and the renowned US-based private equity firm Blackstone Group, is preparing for a significant investment of around Rs 15 billion in Chennai.

The intention behind this investment was to strengthen its warehousing portfolio, with a goal to expand it to nearly 640 acre within the next three years. The company's expansion strategy included adding large land parcels covering 450 acres to complement the existing 2.2-million-sq-ft warehousing facilities situated in Chennai's Oragadam district.

This dynamic logistics park was an integral part of the broader Hiranandani Park, an integrated township sprawling over 380 acres.

Regarding the planned 450-acre expansion, Greenbase Industrial and Logistics Parks had already acquired ownership of almost 100 acres and was in advanced negotiations to acquire an additional 50 acres in the vicinity of its operational logistics park.

Additionally, efforts were underway to secure an extra 300 acre in strategic locations across Chennai, including Palur.

Hemant Prabhu, the Chief Operating Officer of Greenbase Industrial and Logistics Parks, expressed optimism about the feasibility of expanding the portfolio to 640 acres within Chennai's real estate market.

This ambitious expansion plan was estimated to require an investment of approximately Rs 15 billion over the next three years.

The company's existing logistics park, spanning 190 acre, was currently in the process of developing an additional 1.3 million sq ft of infrastructure.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..