ESR Group, a leading Asia-Pacific real estate developer, has acquired an additional 27 acres of land in Oragadam, Chennai, augmenting its existing industrial and logistics park to 107 acres. This expansion enables the development of an additional 2.5 million square feet of warehousing and industrial space, totaling an investment of over INR 276 crore (USD 33 million). Positioned strategically within the Oragadam-Sriperumbudur industrial cluster, the park aims to bolster Tamil Nadu's industrial landscape. ESR's commitment extends beyond infrastructure to creating a sustainable ecosystem, integrating green building practices to support environmental stewardship and enhance operational efficiencies for businesses in the region.
Leading Asia-Pacific real estate developer ESR Group is solidifying its presence in India with a significant investment in Tamil Nadu. The company recently acquired an additional 27 acres of land, bringing the total size of its existing industrial and logistics park in Oragadam, Chennai, to 107 acres. This expansion unlocks the potential to develop an additional 2.5 million square feet of warehousing and industrial space.
The total investment for this project is estimated to be over INR 276 crore (USD 33 million). This move signifies ESR's dedication to bolstering Tamil Nadu's industrial landscape and creating a modern industrial ecosystem in the state.
ESR strategically chose Oragadam for its park due to its prime location within the well-established Oragadam-Sriperumbudur industrial cluster. This area has witnessed a surge in demand for high-quality warehousing and industrial facilities in recent years. The existing park, spanning 80 acres currently, has already attracted several major companies, including CUBIC (electromechanical solutions), A2Mac1 (automotive research and development), and CCL (speciality labelling).
ESR's vision for the Oragadam park extends beyond simply providing Grade A warehousing space. The company plans to create a comprehensive industrial ecosystem that fosters innovation and environmental responsibility. This will involve incorporating modern infrastructure to upgrade the overall supply chain in the region and empower businesses with advanced logistics solutions. Abhijit Malkani, CEO of ESR India, emphasized that the expansion in Oragadam signifies ESR's commitment to supporting Tamil Nadu's ambition of becoming a major industrial hub. He highlighted that the project aims to create a more efficient and sustainable future for businesses in the region.
ESR will integrate green building practices and sustainable infrastructure into the park's design. This will allow companies to operate with greater efficiency while minimizing their environmental impact. This aligns with the growing demand for environmentally conscious industrial practices in India.
ESR Group is a major player in the Asia-Pacific real estate market, specializing in new economy real assets. They offer modern solutions for logistics, data centers, life sciences, infrastructure, and renewable energy sectors. The company has a strong presence across Australia, New Zealand, Japan, South Korea, China, Southeast Asia, and India, with a global reach into Europe and the United States.
This investment by ESR Group highlights the growing importance of Tamil Nadu as a key industrial hub in India. The company's focus on sustainability aligns with the overall vision for responsible industrial development in the country.
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