Casagrand Secures ₹700 Crore Blackstone Investment for Major Industrial Parks in Tamil Nadu
Casagrand Industrial & Warehousing has announced a ₹700 crore strategic investment from global investment firm Blackstone to develop two modern industrial and logistics parks in Sriperumbudur, Kancheepuram district. Spread across 154 acres, the projects will together deliver 4.2 million sq ft of Grade-A industrial and warehousing space designed for e-commerce, manufacturing and 3PL companies, strengthening one of India’s fastest-growing industrial hubs.
The developments are expected to reach a gross value of ₹1,500 crore upon completion. Casagrand, which has already delivered six million sq ft and has another 15 million sq ft in the pipeline, says rising demand driven by electronics, automotive and export-oriented manufacturing is accelerating the need for high-spec logistics infrastructure. A part of the upcoming parks has already been pre-leased to an Indian auto major for an auto-spare consolidation facility.
Construction is set to begin shortly with phased execution over 24–30 months, supported by Casagrand’s in-house EPC team of 2,200 engineers. Founder and CMD Arun MN said the partnership with Blackstone will help create “future-ready industrial ecosystems” that set new benchmarks in scale and efficiency. The transaction was exclusively advised by WhiteBoard Financial Advisors and Management.
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