Hiranandani-Backed Greenbase to Invest ₹3,500 Crore in Industrial and Logistics Infrastructure

Hiranandani Group-backed industrial and logistics platform Greenbase Industrial and Logistics is set to invest ₹3,500 crore over the next five years to expand its industrial, warehousing and logistics infrastructure portfolio across India.

Under its Greenbase 2.0 expansion plan, the company will develop approximately 9 million sq ft of industrial and logistics infrastructure. Of this, around 5 million sq ft will be developed in Tamil Nadu, backed by an investment of ₹2,000 crore. The company has already acquired land for this phase and construction has begun. Another ₹1,500 crore is planned for a 4-million-sq-ft development pipeline across South and West India.

The Tamil Nadu expansion is supported by the acquisition of 215 acres of land across two locations in the Chennai region. Greenbase has acquired 160 acres at Palur, Oragadam, and another 55 acres at Arani in north Chennai.

The projects are being positioned as institution-grade industrial, warehousing and logistics developments aimed at companies operating across India’s manufacturing and supply-chain ecosystem.

Greenbase said the expansion will focus on strategic manufacturing corridors and is being supported by sustained demand for Grade-A industrial and warehousing space. The company’s existing portfolio includes industrial and logistics parks in Oragadam, Chennai, and Talegaon, Pune, where its first phase has already delivered approximately 5 million sq ft.

The new developments are expected to target a range of industries, including renewable energy, automotive, electronics manufacturing, infrastructure technology, heavy engineering and third-party logistics. These sectors require specialised industrial facilities with reliable utilities, transport connectivity and the capacity to expand operations.

Greenbase’s expansion comes as India’s manufacturing ecosystem continues to generate demand for modern industrial infrastructure. Manufacturers increasingly require facilities that combine production, warehousing, distribution and supporting services rather than relying on fragmented industrial locations.

The company’s Tamil Nadu investment also highlights the growing importance of the Chennai region as an industrial and logistics destination. The state has developed a broad manufacturing ecosystem spanning automobiles, electronics, engineering and other export-oriented industries.

Sustainability and technology are also expected to form part of the new developments. Planned features include rooftop solar, water retention and recharge systems, EV charging infrastructure and proposed IGBC Platinum certification. Greenbase also plans to incorporate AI and IoT applications into construction and operations.

The expansion could have implications beyond the industrial parks themselves. Large-scale manufacturing and logistics developments typically generate demand for supporting roads, utilities, warehouses, transportation services, worker facilities and nearby commercial infrastructure.

For industrial real estate, the shift toward institution-grade assets is also significant. Companies looking to expand manufacturing or distribution operations increasingly require facilities designed around specific operational requirements, rather than basic industrial sheds.

Greenbase’s existing and planned portfolio therefore reflects a broader transition in India’s industrial property market, where location, infrastructure quality, sustainability and connectivity are becoming increasingly important to occupiers.