Hiranandani to invest Rs 25 bn in warehouses, to enter co-working space

Company plans to get a toehold in automobiles, MSMEs and e-commerce warehousing by the first quarter of 2019

The Hiranandani group will invest Rs 25 billion into two major projects, marking its entry into the warehousing and logistics space. The company plans to get a toehold in automobiles; micro, small and medium enterprises; and e-commerce warehousing by the first quarter of 2019.

“In the next five years, logistics and warehousing will be a big business. We have taken two large locations — at Talegaon Chakan in Pune and at Oragadam in Chennai. These are major automobile and industrial areas,” said Niranjan Hiranandani, founder and managing director (MD) of the group.

The real estate giant is developing 250 acres