Greenbase adds 215 acres near Chennai, opening new industrial plots and warehouse space

Greenbase expands its Chennai industrial footprint

Greenbase Industrial and Logistics, the Mumbai-based company that is a Hiranandani Group subsidiary and a joint venture with Blackstone, has announced a programme of 215 acres in Tamil Nadu. It combines 160 acres across Palur and Oragadam with 55 acres at Arani in north Chennai. The company has backed the programme with an investment of Rs 2,000 crore for 5 million sq ft of built space, and it confirmed on 17 September 2026 that the land has been acquired and construction has begun on the Tamil Nadu portion.

A further pipeline of 4 million sq ft, requiring Rs 1,500 crore, takes the target to 9 million sq ft over five years. For anyone looking at industrial plots or built-to-suit warehouse space near Chennai, the announcement shows the programme moving from land acquisition into active construction.

The details of the Palur park

The Palur park is planned as an industrial and logistics park for Grade-A industrial, warehousing and logistics space. It will be developed in four phases and offers two formats, each with its own scale.

• Built-to-suit industrial and warehouse space on a BTS/RTM lease model: 100 acres, with approximately 2.50 million sq ft of built-up space
• Industrial plots: 60 acres, offered on a plot-sale basis with infrastructure, or on Built-Lease-Transfer and Built-Transfer models

Park-level amenities are indicative and may change. They include wide internal roads and truck aprons designed for heavy vehicles, dedicated entry and exit points, an amenity building with a training centre, co-office space and a multi-purpose hall, dormitory facilities for blue- and white-collar workers, a canteen and food court, and truck parking with driver rest areas. Parking is provided for cars, two-wheelers and commercial vehicles, along with EV charging stations. Security includes boom barriers, RFID-based access at the main entrance, 24/7 guarding and CCTV at key points.

The layout includes green buffers, landscaped zones, a retention pond, rainwater harvesting provision and rooftops suitable for solar panels. IGBC Platinum certification is proposed for the park. Infrastructure includes a dedicated receiving substation with 11/33 kV HT supply, a water supply network with common sewage and water treatment plants, common firefighting arrangements with fire pumps and tanks, stormwater drainage, and telecom and internet-ready infrastructure.

The park is built around movement logic, scalable building footprints and phased development, with access from four sides. Target occupiers include businesses in renewable energy, automotive, electronics manufacturing services, infrastructure technology, heavy engineering and third-party logistics. Companies setting up manufacturing units may be eligible for state incentives under the Tamil Nadu Industrial Policy 2014, such as a capital subsidy, stamp duty refund, training subsidy and electricity tax exemption, subject to eligibility. Stamp duty in Tamil Nadu is 7% of market value or guideline value, whichever is higher, and registration is at 2%, reduced from 4% on 1 April 2023.

The project page for the Palur park is available at Greenbase Palur Oragadam.

Location and connectivity

The Palur and Oragadam sites sit close to the Chennai-Cheyyar Industrial Road, about 500 metres away, and the Palur-Oragadam Highway, 1.20 km away. Palur Railway Station is 4.5 km from the park, Hiranandani Parks Township is 6 km away, and the Chennai Peripheral Ring Road is 7 km away. Chennai International Airport is 37 km off, and Chennai Port is 60 km. The Chennai-Bangalore Expressway passes through Oragadam.

The corridor is anchored by the SIPCOT Oragadam industrial complex, spread over about 4,500 acres, and by manufacturers including Foxconn through its Yuzhan subsidiary, Samsung, Nokia and Flex. Oragadam ranks third in India for warehousing, according to Colliers in 2024, and warehouse rents in the area have been reported at about Rs 23 to 28 per sq ft per month. Yuzhan leased 550,000 sq ft at ESR Oragadam in 2024.

Several infrastructure items are in the pipeline. The six-lane Chennai Peripheral Ring Road is under construction near Oragadam. The state has unveiled a 140 km greenfield expressway from Oragadam through Cheyyar to Tiruvannamalai, and a mass rapid transit link between Chennai and Oragadam has been proposed.

The developer behind the programme

Hiranandani Group began operations in the mid-1980s in Powai and reports about four decades of activity, with 27,686 homes delivered and 51.67 million sq ft of area developed. Greenbase has delivered about 5 million sq ft across Oragadam and Talegaon in Pune, and has 17.85 million sq ft planned or developed overall. In Chennai, Hiranandani OMR is a 120-acre township with 13 towers delivered, and Hiranandani Parks in Oragadam has delivered over 1 million sq ft of villa plots. The Highlands-South in the same township has handed over more than 800 apartments. The group is unlisted, and a REIT listing for the industrial portfolio has been considered.

What comes next

Construction is underway on the Tamil Nadu portion, and the programme runs over five years. The Palur park will be delivered in four phases, while the Arani parcel in north Chennai adds a second location to the platform. The programme builds on a 2020 memorandum with the Tamil Nadu government for a Rs 750 crore industrial and logistics park at Vadakkuppattu, Oragadam, with 2.8 million sq ft of built-up area. Plot and built-to-suit buyers and prospective occupiers will be able to follow the progress of each phase as the build-out continues.