GreenBase, a fully owned subsidiary of India’s leading real estate conglomerate, Hiranandani Group, will create a Wind Turbine Park and Warehousing set-up for Vestas India, the leading wind turbine manufacturing multinational,
Hiranandani Group Promoted GreenBase Inks Deal with Vestas India
Hiranandani Group promoted GreenBase Inks Deal with Vestas India
Hiranandani Group promoted GreenBase signs Industrial and Warehousing deal with Vestas India
GreenBase, a fully owned subsidiary of India’s leading real estate conglomerate, Hiranandani Group, will create a Wind Turbine Park and Warehousing set-up for Vestas India, the leading wind turbine manufacturing multinational, at Oragadam, Chennai. The development will be spread over half a million sq. ft. The groundbreaking ceremony for the ‘built to suit’ set-up took place on 12 September 2019 at the Industrial and Logistics Park, located within Hiranandani Parks, Oragadam, Chennai.
The newly established vertical ‘GreenBase’, the brain-child of Dr. Niranjan Hiranandani, the leading Indian Real Estate developer, will provide Industrial and Logistics Parks which will be more customer-centric and build optimization and efficiency for the end-user. At Oragadam, Chennai; GreenBase is creating and facilitating an Industrial and Logistics Park of global standards. Given the Hiranandani Group’s track record in terms of its rich legacy and strength in developing mega, mixed-use integrated townships along with the development of core infrastructure, the new development in the Logistics sector by GreenBase will dovetail perfectly into the Group’s activities.
Vestas India is setting up an assembly and warehousing facility, which will be spread over 23 acres at the Industrial and Logistics Park. This underscores the growing economic development at Oragadam, Chennai; in keeping with the trends witnessed in recent times. This project by Vestas will result in the creation of new jobs as also business opportunities for allied and ancillary industrial units, and will give a big fillip to the development of the industrial and manufacturing sector in Oragadam, said Dr. Niranjan Hiranandani, co-founder, and MD, Hiranandani Group.
“The Indian Government has also granted infrastructure status to the logistics industry; making it an even more positive situation. These are favorable reasons, which provide an impetus to diversify and foray into the industrial and logistics sector,” he added. The Group has allocated 115 acres for the Industrial and Logistics Park out of 430 acres of the mixed-used integrated township, Hiranandani Parks in Oragadam, Chennai. The acreage is dry land and is suitable for industrial and logistics usage. It offers strategic advantages, including the provision of STP, power substation, security cabin, boundary wall, etc. Infrastructure and security for industrial parks have been well planned and executed.
For end-users, the required core infrastructure in the form of required water and uninterrupted power is available at the Industrial and Logistics Park. The development also opens up the potential for attracting further investment through Vestas vendors within the Hiranandani Industrial & Logistics Park.