GreenBase Industrial and Logistics Park inks 2 lac sq. ft Industrial deal in Chennai

Mumbai / Chennai, April 15, 2022 – Greenbase Industrial & Logistics Park (A Niranjan Hiranandani Group & Blackstone JV) announced lease deal of two lac sq. ft built to suit industrial space for Jost India, a global leader in manufacturing of components for commercial vehicles and agricultural equipment.  The lease deal is signed for the tenure of 10 years at its self-sustainable mixed used integrated township Hiranandani Parks, Oragadam in South-West Chennai spread across 400 acres. The deal was signed in the presence of S Raghuraman, Vice-President, Greenbase Industrial Park, Chennai and G Pradeep, Managing Director, Jost India Components Pvt. Ltd. The facility is planned to be delivered and be operational by the end of 2022 generating employment for nearly 200 people.

Believing in the Group’s potency, Dr Niranjan Hiranandani, Founder, Hiranandani Group and Chairman, Greenbase Industrial and Logistics Park says “With the signing of this deal, our total delivered portfolio stands at 1.5 m sq. ft at Greenbase Chennai, a milestone accomplished in the short span of two years despite the unprecedented covid crisis. The Hiranandani Group in JV with Blackstone stays committed to invest over Rs 3000 crores to develop industrial and logistics parks across key cities in India. The existing land bank of close to 500 acres spread across 4 locations is dedicated for 15mn sq. ft of Industrial and Logistics Parks development.

Speaking on the occasion, Hemant Prabhu, Chief Operating Officer at Greenbase says that “We are gratified to forge a long-establishing business alliance with Jost India, with an aim to strengthen our business-model and add a valuable customer to our Hiranandani Family. This partnership will certainly build the deep synergies between the two organisations of a great repute, enabling an opportunity for the holistic development of the infrastructure ecosystem”.