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
Market Experts Weigh in on Declining Volatility and Lack of Fresh Triggers
Petroleum products, electricity, real estate should be brought under GST purview
The Future of Trump Towers in India: A Luxury Real Estate Empire
Donald Trump's connection with India is deeply intertwined with his global real estate empire, particularly through the Trump Organization's ventures in luxury residential projects.
Lodha Group's Q2FY25 Results: Net Profit Soars 108% to Rs 423.1 Crore, Revenue Up 53%
Real estate developer Macrotech Developers, also known as the Lodha Group, has reported a consolidated net profit of Rs 423.1 crore in the second quarter of FY25, marking a 108% increase year-on-year. Revenue also saw a significant rise of 53%, reflecting
NAR India Teams Up with UCO to Transform Indian Real Estate with National MLS Initiative
New Delhi: In a groundbreaking move to revolutionize India's real estate market, the National Association of REALTORS® (NAR) India has formed a strategic partnership with UCO to launch a National MLS (Multiple Listing Service) system.
Stock Market Update: Sensex Ends Lower, Nifty Below 22,400 Amid Global Uncertainty
The Indian stock market saw a mixed performance today, with the Sensex ending 201 points lower and the Nifty closing below 22,400. Global investment giant Blackstone's acquisition of a 14.3% stake in Kolte-Patil Developers, a leading real estate player, a
Navi Mumbai International Airport Set for June Inauguration, Gautam Adani Announces
Gautam Adani has announced that the highly anticipated Navi Mumbai International Airport will be inaugurated in June. This new airport is expected to significantly boost the region's infrastructure and economic development.