EcoBox Industrial Parks Acquires 50 Acre in Chennai’s Mannur
ECONOMY & POLICY

EcoBox Industrial Parks Acquires 50 Acre in Chennai’s Mannur

EcoBox Industrial Parks, a newly formed operating platform of Logicap Advisors, backed by Alta Capital, has acquired 50 acre of land for the development of a greenfield logistics asset in Chennai’s Mannur locality. This marks the company’s first land deal of the year.

The company plans to develop 1.2 million square feet of industrial and logistics space, with an investment of over Rs 4 billion. Located just three kilometers from State Highway 50, the project is set to meet the growing demand for modern industrial and logistics facilities.

Ashish Shah, CEO of EcoBox Industrial Parks, mentioned that Mannur’s strategic location and connectivity make it an ideal site to address the increasing demand for modern industrial infrastructure. He added that this acquisition is an important step in expanding their presence in key industrial regions of India.

EcoBox Industrial Parks has also taken over the management of 3.6 million square feet of industrial assets acquired by Logicap from IndoSpace in Ranjangaon near Pune and Sri City near Chennai. With the addition of the Mannur site, EcoBox's total managed space now amounts to 4.8 million square feet since its formation in 2024.

Alta Capital, founded by Siddhartha Gupta in 2021, is the sole operating partner of Rava Partners in India. Rava Partners is the real estate division of Singapore’s Hillhouse Investments. Since its inception, Rava Partners has invested over $2.5 billion across Asia, with more than $1.1 billion of that committed in India through Alta Capital.

Logicap Advisors, the logistics arm of Alta Capital, is among the fastest-growing logistics infrastructure companies in India, with a total portfolio of 13 million square feet, making it the fifth-largest in the country.

The Mannur site, strategically located in Tamil Nadu’s expanding industrial ecosystem, is well-connected to key industrial corridors and Chennai’s manufacturing base. The development will cater to industries such as e-commerce, third-party logistics, and light manufacturing, enhancing the region's supply chain infrastructure.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

EcoBox Industrial Parks, a newly formed operating platform of Logicap Advisors, backed by Alta Capital, has acquired 50 acre of land for the development of a greenfield logistics asset in Chennai’s Mannur locality. This marks the company’s first land deal of the year. The company plans to develop 1.2 million square feet of industrial and logistics space, with an investment of over Rs 4 billion. Located just three kilometers from State Highway 50, the project is set to meet the growing demand for modern industrial and logistics facilities. Ashish Shah, CEO of EcoBox Industrial Parks, mentioned that Mannur’s strategic location and connectivity make it an ideal site to address the increasing demand for modern industrial infrastructure. He added that this acquisition is an important step in expanding their presence in key industrial regions of India. EcoBox Industrial Parks has also taken over the management of 3.6 million square feet of industrial assets acquired by Logicap from IndoSpace in Ranjangaon near Pune and Sri City near Chennai. With the addition of the Mannur site, EcoBox's total managed space now amounts to 4.8 million square feet since its formation in 2024. Alta Capital, founded by Siddhartha Gupta in 2021, is the sole operating partner of Rava Partners in India. Rava Partners is the real estate division of Singapore’s Hillhouse Investments. Since its inception, Rava Partners has invested over $2.5 billion across Asia, with more than $1.1 billion of that committed in India through Alta Capital. Logicap Advisors, the logistics arm of Alta Capital, is among the fastest-growing logistics infrastructure companies in India, with a total portfolio of 13 million square feet, making it the fifth-largest in the country. The Mannur site, strategically located in Tamil Nadu’s expanding industrial ecosystem, is well-connected to key industrial corridors and Chennai’s manufacturing base. The development will cater to industries such as e-commerce, third-party logistics, and light manufacturing, enhancing the region's supply chain infrastructure.

Next Story
Infrastructure Energy

Nidhi Khare Assumes Additional Charge as MNRE Secretary

Nidhi Khare, a 1992-batch IAS officer from the Jharkhand cadre, has taken over as Secretary of the Ministry of New and Renewable Energy (MNRE) in an additional capacity. Currently serving as Secretary in the Department of Consumer Affairs, she brings over three decades of administrative expertise to her new role.In her first meeting with MNRE officials, including Additional Secretary Sudeep Jain and Joint Secretary Lalit Bohra, Khare emphasized the importance of meeting financial and operational targets while aligning renewable energy projects with global quality standards. She also prioritize..

Next Story
Infrastructure Energy

US Lifts Restrictions on Three Indian Nuclear Entities

In a major development, the United States has removed restrictions on three key Indian nuclear entities: Bhabha Atomic Research Centre (BARC), Indira Gandhi Atomic Research Centre (IGCAR), and Indian Rare Earths (IRE), according to the US Bureau of Industry and Security (BIS).This decision follows an announcement by US National Security Advisor Jake Sullivan, who recently stated that the US would ease barriers to facilitate civil nuclear partnerships between Indian and American firms.The move, seen as a step towards implementing the India-US civil nuclear agreement signed 16 years ago, aligns ..

Next Story
Infrastructure Energy

Global Nuclear Energy Surges with 70 GW Under Construction: IEA

Nuclear energy is gaining global traction, with over 70 GW of capacity under construction—the highest in 30 years—according to the IEA’s latest report, The Path to a New Era for Nuclear Energy. Technological advancements, policies, and investments, including small modular reactors (SMRs), are fueling this growth.The report further stated that more than 40 countries are expanding nuclear's role, but challenges like project delays, financing, and supply chain risks persist.China leads the sector, with 25 reactors under construction since 2017, positioning itself to surpass the US and Europ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000