IndoSpace expands with two industrial parks near Chennai

July 19, 2019: IndoSpace will add two new industrial parks near Chennai - Mevalurkuppam and Koodapakkam - to its existing portfolio of five parks in Tamil Nadu.

The IndoSpace Industrial Park Meva is spread across an area of over 15 acres and 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 located in the Tiruvallur district. It is positioned on state Highway 50, and closer to NH-332 which runs across Tamil Nadu and Puducherry giving excellent road connectivity within Tamil Nadu.

“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,” said Rajesh Jaggi, managing partner - real estate, Everstone Group.

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 significant presence in Tamil Nadu with existing parks located in Coimbatore, Polivakkam, Oragadam, Puduvoyal and Vallam.

In May 2019, IndoSpace had launched two new parks in Rajpura, Punjab and Luhari, Haryana.