Hiranandani Group forays into industrial and logistics parks with ‘GreenBase’

  • Industry News
  • Dec 24,18
The GreenBase vertical will provide industrial and logistics parks which will build optimisation and efficiency for the end user.
Hiranandani Group forays into industrial and logistics parks with ‘GreenBase’

Mumbai, December 2018: Hiranandani Group has launched industrial and logistics parks. India’s logistics sector is estimated to require 839 million sq ft of light industrial and logistics space by 2022. The newly established vertical ‘GreenBase’ will provide best in class logistics and industrial parks which will be more customer-centric and build optimisation and efficiency for the end user.
 
“Inspired by the ‘Make in India’ campaign and the introduction of unified tax structure in the form of GST, replacing a plethora of state and federal levies which has helped to unify multiple states into a single market, bringing a structural shift to the small fragmented warehouse networks into consolidated space along with large distribution chains and centralised hubs. The government has also granted infrastructure status to the logistic industry allowing developers to access low-cost funds for the development. All these favourable reasons give a big impetus to diversify and foray into the industrial and logistics sector” said Dr Niranjan Hiranandani, Co-Founder & Managing Director, Hiranandani Group.
 
The new vertical for industrial and logistic parks will adopt global best practices leveraging on its established and successful integrated township model powering new-age India’s urbanisation story. The concept shall also promote healthy living for those who work there, based on the Walk to Work philosophy. Like the existing integrated townships model, community development in the industrial and logistics townships will include social amenities like primary healthcare and industrial housing. The operating model of GreenBase shall include built-to-suit industrial facilities, cold storage, built-to-suit warehouses for end customers as well for large 3PL players. For the businesses that opt for plug and play and need warehousing solutions, GreenBase will offer larger space off-take apart from being a valuable partner assisting the customer on an end-to-end solution which includes land acquisition, master planning, optimising design and built-to-suit and a project management consultant.
 
The Hiranandani group will leverage its strengths in execution, design, engineering and delivery coupled with market presence and brand leadership to have a lead over others. “Hiranandani Group’s intrinsic strength in infrastructure development and township development shall give GreenBase a natural advantage over the competition to build and deliver world-class industrial and logistics parks. With already existing land banks and acquisition of new tracts of land, proven engineering and construction domain expertise and customer confidence, GreenBase is poised to deliver world-class infrastructure, amenities and industrial parks across India,” informed N Shridhar, Group Director & CEO-Infrastructure (Industrial & Logistics).
 
Apart from our 500-plus acre of our own land bank reserved for this business across various locations, we are acquiring new land parcel either directly or through partnership/JV model in strategic locations. “Pune (Talegaon), Nashik, Mumbai (Panvel) Chennai (Oragadam) and Kolkata (Durgapur) is where it all begins. Our other locations for pan India growth story will follow,” he concluded.

Related Stories

Process Equipment
Wipro GE plans Rs 8,000 crore investment in indian manufacturing, R&D

Wipro GE plans Rs 8,000 crore investment in indian manufacturing, R&D

The strategic investment bolsters the company's local manufacturing footprint to address the growing domestic and international market

Read more
Aerospace Defence
Taurus and Jindal Defence JV starts small Arms Pilot production

Taurus and Jindal Defence JV starts small Arms Pilot production

Under the guidance of Taurus’ expert team from Brazil, the Indian facility has commenced the production of pilot batches of firearms in March 2024

Read more
Policy Regulation
Bajaj allocates Rs 5000 cr to CSR Skill Development

Bajaj allocates Rs 5000 cr to CSR Skill Development

The Group’s key CSR initiative includes Bajaj Engineering Skills Training (BEST) programme, launched in 2023, which aims to enhance the skills of engineering and diploma graduates in the latest te..

Read more

Related Products

Premium Quality Reduced Head

Industrial Services

Advance Hydrau Components Pvt Ltd offers an array of rivet nut, reduced head.


Read more

Request a Quote

Blended Learning

Industrial Services

Eduquestindia Institute Pvt Ltd offers Blended Learning. There is often a debate around the thought as to which is a better approach to training and development for corporates. On the one hand, the Read more

Request a Quote

Rapid Authoring

Industrial Services

Eduquestindia Institute Pvt Ltd offers Rapid Authoring. The business environment in which the modern day corporates operate is quite intriguing. An increased competition over time has brought in ad Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back