A newly formed industrial and logistics platform has acquired 50 acres of land in Chennai’s Mannur locality, marking one of the first major land deals of the year. The platform plans to develop a greenfield industrial and logistics project spread across 1.2 million sq. ft., backed by an investment of over ?400 crore. Located three kilometres from State Highway 50, the project aims to meet the rising demand for modern industrial and logistics infrastructure in the region.

The platform has also taken over the management of recently acquired industrial assets totalling 3.36 million sq. ft. in Ranjangaon near Pune and Sri City near Chennai. With the addition of the Mannur site, the total managed portfolio now stands at 4.8 million sq. ft. since its establishment in 2024.

The investment group backing the platform operates in partnership with a global real estate investor and has been active in industrial and logistics development across India. Its logistics arm is among the fastest-growing players in the country, managing a nationwide portfolio of around 13 million sq. ft., making it one of the largest in the sector.

Strategically located within Tamil Nadu’s expanding industrial ecosystem, the newly acquired Mannur site offers connectivity to major industrial corridors and manufacturing hubs. The project is designed to support sectors such as e-commerce, third-party logistics, and light manufacturing, contributing to the strengthening of the region’s supply chain network.

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