ESR India acquires 44 acres to expand logistics park in Chennai
WAREHOUSING & LOGISTICS

ESR India acquires 44 acres to expand logistics park in Chennai

APAC centred logistics and real estate platform ESR India, has expanded its existing park in Oragadam, Chennai, by 44 acres and plans to invest Rs 260 crore in construction and development, according to a press release from the company.

ESR Oragadam Industrial and Logistics Park will expand to 80 acres and be IGBC Gold Rated as a result of this acquisition. The project has the potential to create over 500 jobs in the region once it is fully operational.

The company said that the ESR smart mobile app will be integrated with this park.

Abhijit Malkani, CEO and country head of ESR India said that infrastructure development, aided by state government support, has increased demand for Grade A facilities in this region, making it a desirable location for expansion and consolidation.

Tamil Nadu emerged as the country's top investment destination in the first quarter of 2020, according to a recent survey. The southern state accounted for 18.63% of the Rs 97,859 crore of investments envisaged to execute 1,241 projects in the country.

ESR Oragadam Industrial and Logistics Park is well-connected by air, road, rail, and ports and is located on state highway 48, on the Oragadam-Walajabad road.

Oragadam is a hub for automobile, auto-ancillary, renewable energy, electronics, aerospace, and defence businesses, and is known as Chennai's growth corridor. It also houses third-party logistics companies and research and development centres.

Image Source

Also read: Geodis takes 3 mn sq ft warehouse facility from LOGOS on lease

APAC centred logistics and real estate platform ESR India, has expanded its existing park in Oragadam, Chennai, by 44 acres and plans to invest Rs 260 crore in construction and development, according to a press release from the company. ESR Oragadam Industrial and Logistics Park will expand to 80 acres and be IGBC Gold Rated as a result of this acquisition. The project has the potential to create over 500 jobs in the region once it is fully operational. The company said that the ESR smart mobile app will be integrated with this park. Abhijit Malkani, CEO and country head of ESR India said that infrastructure development, aided by state government support, has increased demand for Grade A facilities in this region, making it a desirable location for expansion and consolidation. Tamil Nadu emerged as the country's top investment destination in the first quarter of 2020, according to a recent survey. The southern state accounted for 18.63% of the Rs 97,859 crore of investments envisaged to execute 1,241 projects in the country. ESR Oragadam Industrial and Logistics Park is well-connected by air, road, rail, and ports and is located on state highway 48, on the Oragadam-Walajabad road. Oragadam is a hub for automobile, auto-ancillary, renewable energy, electronics, aerospace, and defence businesses, and is known as Chennai's growth corridor. It also houses third-party logistics companies and research and development centres. Image Source Also read: Geodis takes 3 mn sq ft warehouse facility from LOGOS on lease

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back