Global investment firm Blackstone will invest an estimated 700 INR-Crore in Casagrand’s new warehousing development in Chennai. The project’s total development value is expected to reach 1,500 INR-Crore once completed. With strong investor interest and rising demand for organized storage, the Chennai warehousing project is expected to strengthen the region’s logistics ecosystem.
The partnership will support the construction of an anticipated 4.2 Million-SqFt of modern industrial space suitable for e-commerce, manufacturing, and 3PL businesses. Casagrand will develop two industrial and logistics parks across 154 Acres in Sriperumbudur. The company stated that construction will begin soon and the team will complete the full project within 30 months.
Also Read: Upcoming MPIDC PM MITRA Park (Package I), Dhar, Madhya Pradesh
Casagrand’s industrial division has already delivered 6 Million-SqFt of space, and another 15 Million-SqFt is currently under execution. The Chennai warehousing project reflects the growing momentum in India’s industrial real estate sector and reinforces the city’s position as a major warehousing destination.
Biltrax Construction Data is tracking 37,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
