IndoSpace to invest Rs.4,500 crore in Tamil Nadu

09 Oct 2024 CW Team

IndoSpace has announced plans to invest Rs.4,500 crore in developing logistics and warehouse parks across Tamil Nadu. This strategic investment aims to bolster the region's infrastructure and cater to the growing demand for efficient supply chain solutions.

The initiative aligns with the rapid growth of e-commerce and the need for modern warehousing facilities. IndoSpace’s development will include state-of-the-art logistics parks designed to enhance operational efficiency and support various industries, including retail, manufacturing, and distribution. The company’s focus on high-quality infrastructure is expected to attract both domestic and international businesses looking to establish a presence in the region.

This investment is anticipated to create thousands of jobs and stimulate economic growth in Tamil Nadu. By improving logistics capabilities, IndoSpace aims to facilitate smoother operations for businesses, thereby contributing to the overall development of the industrial sector.

Moreover, IndoSpace's commitment to sustainable practices will be a key focus in this development, ensuring that the logistics parks incorporate eco-friendly technologies and practices. This approach not only aligns with global sustainability trends but also enhances the appeal of the facilities to environmentally-conscious tenants.

With this significant investment, IndoSpace is poised to play a crucial role in shaping the logistics landscape in Tamil Nadu. The initiative not only reflects the company’s growth strategy but also underscores the importance of logistics infrastructure in supporting the burgeoning economy and facilitating trade in the region.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..