Hiranandani’s Greenbase to invest Rs 2,000 cr to develop 5 million sq ft in Tamil Nadu

Hiranandani Group-backed industrial and logistics platform Greenbase Industrial and Logistics is planning to invest Rs 2,000 crore to develop 5 million sq ft across 215 acres in Tamil Nadu as it expands its industrial and warehousing footprint across India.

The company has acquired 160 acres in Palur, Oragadam, and 55 acres in Arani, North Chennai, as part of its Greenbase 2.0 expansion. It has a further 4 million sq ft in the pipeline for acquisition, which would entail an additional investment of Rs 1,500 crs and take its cumulative development target to 9 million sq ft.

The development will focus on institution-grade industrial, warehousing and logistics infrastructure across strategic manufacturing corridors, amid sustained demand for Grade A industrial and warehousing space.


"Global manufacturers are looking for dependable ecosystems, faster execution, sustainability and infrastructure that can support scale over the long term. Greenbase 2.0 is our commitment to creating future-ready industrial destinations, backed by the development discipline and institutional credibility of the Hiranandani Group," said Niranjan Hiranandani, Chairman, Hiranandani Group.

The company's first phase has already been built and delivered, totaling around 5 million sq ft across its existing parks at Oragadam in Chennai and Talegaon in Pune. Some of its key anchor occupiers include Vestas, Gurit, Hellermann Tyton, Sanmina, Baker Hughes, Magna and Hyundai Transys.

“We are bullish on the long-term outlook for India’s industrial and logistics sector. The Made in India momentum is not only creating demand from large manufacturers; it is also creating a much broader ecosystem of ancillary businesses in infrastructure technology, renewable energy, auto components, industrial technology, electronics and other new-age industries,” said N. Sridhar, CEO, Greenbase.

According to him, as manufacturing becomes a larger contributor to India’s economy, the need for high-quality industrial and logistics infrastructure will grow with it.

The expansion is backed by Hiranandani Group, with Greenbase also remaining open to strategic partnerships and collaborations for future phases of development.

The new developments will target occupiers across renewable energy, automotive, electronics manufacturing services (EMS), infrastructure technology, heavy engineering and third-party logistics (3PL).

This expansion is aligned with India's broader industrial infrastructure push, including improved last-mile connectivity, emerging multi-modal transit hubs and the government's Make in India agenda aimed at strengthening the country's global manufacturing competitiveness.

The company plans to incorporate rooftop solar, water retention and recharge systems and EV charging infrastructure at its parks, along with proposed IGBC Platinum certification and AI and IoT applications across construction and operations.