Hiranandani Industrial & Logistics Platform inks 2lac sq. ft deal in Chennai

Greenbase Industrial & Logistics Park (A Niranjan Hiranandani Group & Blackstone JV) announces the lease deal of Two lac sq. ft built to suit industrial space for Jost India, a global leader in the manufacturing of components for commercial vehicles and agricultural equipment. The lease deal is signed for the tenure of 10 years at its self-sustainable mixed-used integrated township Hiranandani Parks, Oragadam in South-West Chennai spread across 400 acres. The deal was signed in the presence of Mr S Raghuraman, Vice-President, Greenbase Industrial Park, Chennai, and Mr G Pradeep, Managing Director, Jost India Components Pvt. Ltd. The facility is planned to be delivered and be operational by the end of 2022 generating employment for nearly 200 people. The Hiranandani Group in JV with Blackstone stays committed to investing over Rs 3000 crores to develop industrial and logistics parks across key cities in India. The existing land bank of close to 500 acres spread across 4 locations is dedicated to 15mn sq. ft of Industrial and Logistics Parks development..