A south-focused real estate developer announced that a global investment firm has agreed to invest ?700 crore in an upcoming industrial and warehousing infrastructure project near Chennai, according to a recent report. The developer stated that it has entered into a strategic investment arrangement under which the international investment firm will fund the creation of 4.2 million sq ft of industrial and logistics space. The plan includes developing two large-scale industrial and logistics parks across 154 acres in the Sriperumbudur region near Chennai. These projects are designed to support businesses in sectors such as e-commerce, third-party logistics, and manufacturing, and are expected to reach a total development value of ?1,500 crore upon completion. A domestic automobile company has already pre-leased a portion of the upcoming space. The developer’s industrial and warehousing division has already delivered 6 million sq ft of space, with an additional 15 million sq ft currently under development. Construction on both parks is set to begin soon, and the entire project is expected to be completed within 30 months, according to the statement.

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