Kailas Group JV unveils ₹150-cr warehousing project

Sree Kailas Group has partnered with Indospace, a renowned developer of industrial parks and warehouses, to set up a six-lakh sq. ft warehousing and industrial project at Sunguvarchatram, near Sriperumbudur at an investment of ₹150 crore in Tamil Nadu. It will come up on 30 acre of prime industrial land and is destined to be commissioned within 18 months from the date of commencement of construction.

Chairman at Sree Kailas Group, S. Rajkumar, informed that the presence of industry giants in mobile phones and electronics, manufacturing and proximity to Oragadam and Sriperumbudur makes Sunguvarchatram one of the most sought-after areas for commercial and residential real-estate properties. It has great scope for setting up world-class, next-generation, A-Grade industrial and logistics parks catering to the requirement of FMCG, e-commerce, and industrial users.