Casagrand Industrial & Warehousing has joined hands with global investment firm Blackstone in a strategic deal to develop two large-scale industrial and logistics parks spanning 154 acres in Sriperumbudur, Chennai.

With an investment of around INR 700 crore from Blackstone, the projects will create 4.2 million sq ft of Grade-A industrial and warehousing space designed for e-commerce, 3PL, and manufacturing occupiers. The developments, expected to reach a gross value of INR 1,500 crore, aim to set a new benchmark for institutional-grade industrial infrastructure in one of India’s fastest-growing manufacturing corridors.

Casagrand Industrial & Warehousing has already delivered 6 million sq ft and is executing a 15 million sq ft pipeline. The state’s industrial growth primarily driven by electronics, automotive and export-oriented manufacturing has accelerated the need for high-specification logistics & Industrial infrastructure.

Commenting on the partnership, Arun Mn, Founder, Chairman and Managing Director, Casagrand Group said, “Our partnership with Blackstone marks a pivotal step in our journey to redefine the industrial and logistics landscape in Tamil Nadu. We are not just developing industrial parks; we are creating future-ready ecosystems that enable global manufacturers to operate with scale, speed and world-class efficiency. With Blackstone’s global expertise and our deep regional understanding, we are confident of setting a new benchmark for industrial infrastructure in the country”.

Construction on both parks will begin shortly, with phased development planned to meet rising industrial demand in the Sriperumbudur corridor. Part of the projects is already 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. Riding on the strength of its group in-house EPC capability which consists of 2200 engineers, the company aims to complete the entire project within a timeframe of 24-30 months. Together, Blackstone and Casagrand Industrial and Warehousing aim to deliver high-quality assets that support India’s expanding manufacturing ambition.