Casagrand Industrial & Warehousing has entered into a investment deal with Blackstone, an alternative investment firm, to develop two large-scale industrial and logistics parks across 154 acres in Sriperumbudur. The venture will see an investment of around ₹700 crore from Blackstone to develop 4.2 million sq. ft. of Grade A industrial and warehousing infrastructure. The projects are expected to reach a gross development value of ₹1,500 crore upon completion.
Casagrand Industrial & Warehousing has already delivered 6 million sq. ft., and is executing a 15 million sq. ft. pipeline. Construction of both parks will begin shortly, with phased development planned to meet rising industrial demand in the Sriperumbudur corridor.
A part of the project has already been pre-leased to an Indian auto major for developing an auto spare parts consolidation facility, and is also further expected to attract a mix of global and domestic occupants.
The company aims to complete the entire project within a time frame of 24-30 months.
Published – November 21, 2025 11:19 am IST
