The Tamil Nadu-based Avigna group has planned to invest ₹800 crore in the current fiscal to develop industrial and warehousing parks in Tamil Nadu and Karnataka as part of its expansion drive. Avigna group recently completed the development as well as leasing of first phase of Hosur Park in Tamil Nadu comprising one million sq ft area. The company has demonstrated its capabilities in terms of quality development and client acquisitions with completion and successful leasing of one million sq ft. In fact, the company will develop an additional two million sq ft area at Hosur Park and one million sq ft each at Hoskote in Karnataka and Chennai during the current financial year. The company has a total of 120 acre land at Hosur industrial park and of which, 40 acres has been utilized for the first phase of one million sq ft., and also the group has 130 acre at Hoskote with a total development potential of 3 acre, of which a million sq ft will be developed this fiscal year. It has 40 acre in Chennai to build one million sq ft space and in the next four years, it will develop around 10 million sq ft of industrial and warehousing space across various states. One million sq ft each in Nellore, Andhra Pradesh, Madurai and Tamil Nadu are also in pipeline for coming years.
📅Published on:
11 June 2021
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