ESR India acquires 44 acres to expand logistics park in Chennai

APAC centered logistics and real estate platform ESR India, has expanded its existing park in Oragadam, Chennai by 44 hectares and plans to invest Rs 260 crore in construction and development, according to a company press release.

ESR Oragadam Industrial and Logistics Park will expand to 80 hectares as a result of this acquisition and will receive IGBC Gold Rated. The project has the potential to create more than 500 jobs in the region once fully operational.

The company said the ESR smart mobile app will be integrated with this park.

Abhijit Malkani, CEO and country head of ESR India, said infrastructure development, aided by state government support, has increased demand for Grade A facilities in this region, making it a sought-after location for expansion and consolidation.