Parks in Mevalurkuppam and Koodapakkam with a total area of over 41 acres launched
IndoSpace, India’s leading developer of Grade A industrial and logistics parks, today announced the launch of parks in Mevalurkuppam and Koodapakkam near Chennai, Tamil Nadu. These new parks will strengthen IndoSpace’s foothold in the South and help move towards its goal of building a portfolio of 120 million square feet of modern infrastructure across the country.
“Chennai is one of the most sought after investment and development destinations in India and is easily accessible through air, land and sea. The momentous increase in the number of Grade-A industrial parks shows that Chennai has become the nodal point for supply chain & logistics in South India. This investment is in synergy with IndoSpace’s goal to build a significant portfolio of modern logistics infrastructure across the country”,~Rajesh Jaggi, Managing Partner – Real Estate, Everstone Group
Spread across an area of over 15 acres, IndoSpace Industrial Park Meva is located in Mevalurkuppam village of Kancheepuram district. The park is situated near national highway NH-48, which runs from Delhi to Chennai, providing easy access to nearby industrial hubs.
IndoSpace Sugal Industrial Park, Koodapakkam is spread across 26 acres and is located in the Tiruvallur district in the state of Tamil Nadu. It is positioned on State Highway 50, and closer to NH-332 which runs across Tamil Nadu and Puducherry giving excellent road connectivity within state.
Both the parks come under Irungattukottai micro-market which has a large concentration of medium and small-scale enterprises supporting the large-scale auto and auto-ancillary units based in Sriperumbudur-Oragadam. Also, both parks are in proximity to the seaports of Ennore and Chennai, giving them a superior logistical advantage. IndoSpace has a significant presence in Tamil Nadu with existing parks located in Coimbatore, Polivakkam, Oragadam, Puduvoyalm and Vallam.
IndoSpace has a portfolio of around 31 million square feet across developed and under-construction projects comprising 31 industrial and logistics parks in 9 cities. In May 2019, IndoSpace had launched two new parks in Rajpura, Punjab and Luhari, Haryana.