Casagrand Industrial & Warehousing has entered into a strategic investment partnership with Blackstone, one of the world’s largest alternative investment firms, to develop two large scale industrial and logistics parks in Tamil Nadu. The projects, spread across 154 acres in Sriperumbudur, will involve an investment of approximately INR 700 crore and deliver 4.2 million sq. ft. of modern, Grade A infrastructure.
The developments are designed to cater to ecommerce, third party logistics (3PL), and a wide spectrum of manufacturing occupiers, introducing a new tier of institutional grade assets to one of India’s most dynamic industrial corridors. Upon completion, the projects are expected to achieve a gross development value of INR 1,500 crore.
Casagrand Industrial & Warehousing has already delivered 6 million sq. ft. of industrial space and is executing a pipeline of 15 million sq. ft.. Tamil Nadu’s industrial growth, driven by electronics, automotive, and export oriented manufacturing, has accelerated demand for high specification logistics infrastructure, making Sriperumbudur a strategic choice for expansion.
Commenting on the partnership, Mr. 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 demand in the Sriperumbudur corridor. Part of the project has already been pre leased to a leading Indian auto major for an auto spare parts consolidation facility. The parks are expected to attract a mix of global and domestic occupiers, reinforcing Tamil Nadu’s position as a manufacturing powerhouse.
Leveraging its in house EPC capability of 2,200 engineers, Casagrand aims to complete the projects within 24–30 months. Together, Casagrand and Blackstone intend to deliver high?quality industrial assets that support India’s expanding manufacturing ambitions and set new standards for logistics infrastructure in the region.
