Hiranandani Group forays into Industrial and Logistics sector
The doyen of Real Estate who builds townships and communities based on world-class infrastructure now has launched Industrial and Logistics Parks and it is going Pan India. India’s burgeoning logistics sector is estimated to require 839 mn sq. ft of light industrial and logistics space by 2022. The newly established vertical ‘GreenBase’ will provide best in class Logistics and Industrial parks which will be more customer-centric and build optimization and efficiency for the end user. Industrial, Logistics & Warehousing sector is a natural transition for the Hiranandani group, given its legacy and proven history in real estate, infrastructure, and mixed-used integrated township development model.
Dr Niranjan Hiranandani said that, “Inspired by Hon’ble PMO’s ‘Make in India’ campaign and the introduction of unified tax structure in the form of GST, replacing a plethora of state and federal levies which has helped to unify multiple states into a single market, bringing a structural shift to the small fragmented warehouse networks into consolidated space along with large distribution chains and centralized hubs. The government has also granted infrastructure status to the logistic industry allowing developers to access low-cost funds for the development. All these favorable reasons give a big impetus to diversify and foray into the industrial and logistics sector” he added.
The new vertical for Industrial and Logistic parks will adopt global best practices leveraging on its established and successful integrated township model powering new-age India’s urbanization story. The concept shall also promote healthy living for those who work there, based on the Walk to Work philosophy, for one. Like the existing integrated townships model, community development in the industrial and logistics townships will include social amenities like primary healthcare and industrial housing. The operating model of GreenBase shall include Built-to-suit industrial facilities, Cold storage, Built to suit Warehouses for end customers as well for large 3PL players. For the businesses that opt for plug and play and need warehousing solutions, GreenBase will offer larger space off-take apart from being a valuable partner assisting the customer on an end-to-end solution which includes from land acquisition, Master planning, Optimising Design and Built to suit and a Project Management consultant.
The Hiranandani group will leverage its strengths in Execution, Design, Engineering & Delivery coupled with market presence and brand leadership to have a lead over others. “Hiranandani Group’s intrinsic strength in infrastructure development and township development shall give GreenBase a natural advantage over the competition to build and deliver world-class Industrial and Logistics Parks. With already existing land banks and acquisition of new tracts of land, proven engineering and construction domain expertise & Customer confidence, GreenBase is poised to deliver world-class infrastructure, amenities and industrial parks across India” quotes Mr. N Shridhar, Group Director & CEO-Infrastructure (Industrial & Logistics). Apart from our 500 plus acres of our own land bank reserved for this business across various locations, we are acquiring new land parcel either directly or through partnership/JV model in strategic locations. “Pune (Talegaon), Nashik, Mumbai (Panvel) Chennai (Oragadam) &Kolkatta(Durgapur) is where it all begins. Our other Locations for Pan India growth story will follow,” he concluded.