Greenbase Announces ₹3,500 Crore Greenbase 2.0 Expansion, Acquires 215 Acres in Chennai for Industrial & Logistics Infrastructure
Greenbase Announces ₹3,500 Crore Industrial Expansion Across India, Focuses on Chennai
Greenbase Industrial and Logistics, the Hiranandani Group-backed industrial and logistics platform, will invest ₹3,500 crore to develop 9 million square feet of industrial, warehousing and logistics infrastructure as part of its Greenbase 2.0 expansion over five years.
Chennai Land Acquisition
The company has acquired 215 acres of land across Chennai — 160 acres in Palur, Oragadam, and 55 acres in Arani, North Chennai. Greenbase will develop 5 million square feet of industrial and logistics space in Tamil Nadu with an investment of ₹2,000 crore, where the land has been acquired and construction has begun.
The Arani site is situated about 30 km from Kattupalli Port, a key logistics hub for the region. The 55-acre park at Arani is being developed with about 1.2 million square feet of space, with an anchor client identified in the renewable energy space. Greenbase expects to complete the park in about two years. The 160-acre park at Palur is also under development, with the first phase targeted for completion within two years.
Pan-India Pipeline and Existing Portfolio
Greenbase will additionally invest about ₹1,500 crore for a 4 million square foot pipeline across South and West India, where land acquisition is to be completed.
Greenbase's current portfolio includes industrial and logistics parks in Oragadam, Chennai, and Talegaon, Pune. Phase one has already been built and delivered, totalling approximately 5 million square feet. Overall, it has 17.85 million square feet of planned and developed area.
Key anchor occupiers include Vestas, Gurit, Hellermann Tyton, Sanmina, Baker Hughes, Magna and Hyundai Transys.
Strategic Intent and Market Focus
N. Sridhar, chief executive officer, Greenbase, said the company is 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.
The expansion focuses on institutional-grade industrial, warehousing and logistics infrastructure across India's strategic manufacturing corridors, supported by sustained demand for Grade A industrial and warehousing space.
Context: Oragadam's Industrial Growth
The Oragadam Industrial Corridor is Tamil Nadu's primary industrial spine — a 4,500-acre SIPCOT-anchored zone that has evolved from a single-purpose automotive hub into a multi-sector manufacturing and logistics corridor hosting 22+ Fortune 500 companies. Located at the confluence of five major infrastructure corridors and supported by Tamil Nadu's 14.74% manufacturing growth rate in 2024–25, the Oragadam corridor is the most strategically positioned industrial belt in South India for businesses seeking Grade A infrastructure with national and global logistics reach.
Oragadam is South Asia's largest auto-ancillary hub and is now emerging as a versatile industrial destination. With over 22 Fortune-500 companies, the Sriperumbudur-Oragadam belt has seen tremendous industrial growth in less than four years, which makes it the most developed industrial area in Chennai.