Hiranandani-backed Greenbase has acquired 215 acres near Chennai to develop factories, warehouses and logistics facilities in Palur–Oragadam and Arani. The company announced the acquisition on 17 September 2026 and said construction had begun. It plans to invest ₹2,000 crore to develop 50 lakh sq ft of industrial and logistics space across the two locations.
Greenbase places the site about 500 metres from the Chennai–Cheyyar Industrial Road and 1.2 km from the Palur–Oragadam Highway.
Palur–Oragadam will offer factories, warehouses and industrial plots
Greenbase has acquired about 160 acres in the Palur–Oragadam belt to develop an industrial and logistics park. The park will be built in four phases and will have space for manufacturing, assembly, warehousing and cold storage.
- Options for businesses · Lease a ready-to-move facility, have Greenbase build one to suit their operations, or buy an industrial plot with shared infrastructure.
- Planned facilities · Internal roads for heavy vehicles, truck parking, a power substation and stormwater drainage.
- First-phase timeline · Greenbase aims to complete the first phase within about two years of its September 2026 announcement.
Palur–Oragadam gives manufacturers and suppliers space near an established production corridor, with options to lease a facility or acquire a serviced plot.
Arani adds a logistics site near Kattupalli Port
Greenbase acquired 55 acres at Arani near Gummudipoondi, about 30 km from Kattupalli Port. The location could suit manufacturers and logistics companies that move goods through the port.
Arani adds a north Chennai location with access to Kattupalli Port, which could suit occupiers that move goods through the port.
Greenbase said it had identified a renewable-energy company as a prospective major tenant at Arani. The company’s name was undisclosed in the announcement, which set a target of about two years for completing the park.
How Chennai fits into Greenbase’s ₹3,500 crore expansion
The two Chennai-area parks are part of Greenbase 2.0, a five-year expansion plan. The wider programme includes another ₹1,500 crore for 40 lakh sq ft of industrial and logistics space across South and West India. Land acquisition for that additional space was pending at the time of the announcement. Together, the two parts bring the planned investment to ₹3,500 crore and the development target to 90 lakh sq ft.
Hiranandani and Blackstone partnered on the original Greenbase platform. Hiranandani is initially funding and developing the Greenbase 2.0 expansion on its own.
What this means for Chennai’s industrial real estate
The expansion gives businesses two options in different parts of Chennai’s industrial market. Palur–Oragadam gives manufacturers and their suppliers a choice between leasing a facility and acquiring a plot in an established industrial belt. Arani adds industrial and warehouse space in a corridor with access to Kattupalli Port. For businesses comparing the two parks, the key details will be which facilities become available first and what lease or plot terms Greenbase offers.