ESR Group Expands Industrial and Logistics Park in Chennai with 27-Acre Land Acquisition
ESR Group has acquired an additional 27 acres of land to expand its existing industrial and logistics park at Oragadam in Chennai, bolstering Tamil Nadu's industrial landscape.
Industrial ParkLogistics ParkEsr GroupChennaiTamil NaduReal EstateInfrastructureReal Estate NewsJun 17, 2024
The park is strategically located in the heart of the Oragadam-Sriperumbudur cluster, which has witnessed robust growth in demand for Grade A assets. ESR India CEO Abhijit Malkani said, 'ESR's expansion in Oragadam is a pivotal step in our support for Tamil Nadu's commitment to becoming a major industrial hub. This project transcends Grade A industrial buildings.' By upgrading the supply chain with modern infrastructure, the ESR Group is empowering a new era of advanced manufacturing and logistics for customers and communities.
ESR Group focuses on new economy real assets and offers customers modern solutions for logistics, data centres, life sciences, infrastructure, and renewables. The company's fully integrated fund management and development platform extends across Australia/New Zealand, Japan, South Korea, Greater China, Southeast Asia, and India, including a presence in Europe and the US. With this expansion, ESR Group is crafting an ecosystem that prioritises innovation and environmental responsibility, enabling businesses to operate efficiently while minimising their environmental impact.
Frequently Asked Questions
What is the size of the additional land acquired by ESR Group?
The company has acquired an additional 27 acres of land.
Where is the ESR Oragadam Industrial and Logistics Park located?
The park is located in Oragadam, Chennai.
What is the total development potential of the park?
The park has a development potential of 2.5 million square feet.
What kind of customers has the park attracted so far?
The park has welcomed high-quality customers such as CUBIC, A2Mac1, and CCL.
What is ESR Group's focus?
ESR Group focuses on new economy real assets and offers modern solutions for logistics, data centres, life sciences, infrastructure, and renewables.
Related News Articles
Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.
Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts
IMD issues yellow alert for Mumbai, red alert for Palghar and Pune; heavy to very heavy rainfall expected in the next 24 hours
Nagpur Townships Inspected by State-Appointed Panel, Issues Persist
A state-appointed panel inspected several townships in Nagpur, Maharashtra, but issues related to water supply, irrigation clearance, and inspection delays remain unresolved.
Indore Sees 12.8% Rise in Property Revenue During Festive October
The city of Indore recorded a significant 12.8% increase in property revenue during the festive season in October. According to Balkrishna More, the Deputy Inspector General of Registration for the Indore region, the surge in real estate activity can be a
Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law
Arvind Gurumurthy, a distinguished legal professional, has made significant contributions in the fields of M&A, private equity, and corporate law. With a successful seven-year tenure as Partner at Kochhar & Company, Arvind has extensive experience in hand
Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?
Arthur Laffer, the director of NexPoint Diversified Real Estate Trust (NXDT), has made a significant purchase of $87,156 in company stock. This move could signal his confidence in the company's future performance. Investors should consider this as a potential indicator of a bullish market play.