A warehousing and logistics parks developer is planning to invest more than ?550 crore to build its second industrial and logistics (I&L) park in the state, taking total investment to over ?1,000 crore. The company entered south India last year, investing more than ?450 crore to develop its first park on a 50-acre land parcel in Hosur.

The second warehousing facility, spanning 60 acres, will be built in the Sriperumbudur-Oragadam corridor with a development potential of 1.6 million sq ft, adding to the 1.25 million sq ft at the first park.

“Over the next 2 to 3 years, our goal is to scale up to over 10 million square feet of high-quality, sustainable infrastructure across key high-growth corridors,” said the managing director.

Construction of the new park is likely to begin by March-April 2026, and the development is estimated to generate over 1,500 jobs. The project will cater to the evolving needs of global and domestic manufacturers, particularly in the automotive, electronics, and engineering sectors.

A favourable regulatory backdrop, along with government support through policy and reforms, is expected to boost infrastructure spending and overall demand for modern logistics facilities. Confidence among developers, owners, operators, and investors in this asset class has remained high, driven by the rapidly increasing need for last-mile deliveries and logistics.

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