Hiranandani Group forays into Industrial and Logistics Parks

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By Accommodation Times Bureau

MUMBAI:

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 favourable reasons give a big impetus to diversify and foray into the industrial and logistics sector” he added.





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