23 hrs ago
Sumadhura Group Plans ₹2,000 Crore Industrial Logistics Expansion
Sumadhura Group is a real estate company planning to build more warehouses and industrial parks.
It expects to spend ₹2,000 crore over the next four to five years.
The company wants to create 10 million square feet of space by 2030.
Much of this space will be in Bengaluru, with the rest in Chennai and Hyderabad.
Sumadhura has started its first project outside Bengaluru in Chennai.
The Chennai project will have warehouses for businesses such as manufacturers, car companies, online retailers and logistics firms.
It will cost ₹400 crore and is expected to be finished by December 2028.
The company plans to use some of its own money and borrow the rest.
Sumadhura Group plans to invest ₹2,000 crore over four to five years in industrial and logistics parks.
The group aims to develop 10 million sq ft of Grade A built-to-suit space across Bengaluru, Chennai and Hyderabad by 2030.
Sumadhura entered Chennai with a ₹400-crore project at Red Hills, covering 52 acres and 1.2 million sq ft.
The Chennai park is designed for manufacturing, automotive, e-commerce and third-party logistics companies and is expected by December 2028.
The expansion will be funded through about ₹1,000 crore from internal sources and ₹1,000 crore in debt.
- Who
- Sumadhura Group, led by Chairman and Managing Director Madhusudhan G.
- What
- A planned ₹2,000-crore expansion into industrial and logistics parks, including a ₹400-crore Chennai facility.
- Where
- Bengaluru, Chennai and Hyderabad; the new Chennai park will be at Red Hills in North Chennai.
- When
- The investment is planned over four to five years; the Chennai project is expected to be completed by December 2028, with the broader target set for 2030.
- Why
- To expand its warehousing business as demand for Grade A industrial and logistics space grows in southern markets.
Key facts
- Total planned investment
- ₹2,000 crore over four to five years
- Planned industrial and logistics space
- 10 million sq ft by 2030
- Chennai project
- ₹400 crore Grade A park at Red Hills in North Chennai
- Chennai project size
- 52 acres and 1.2 million sq ft of warehousing space
- Expected completion
- December 2028
- Funding plan
- Approximately ₹1,000 crore from internal sources and ₹1,000 crore through debt
- Existing Bengaluru facility
- The 2.5-million-sq-ft Sumadhura Logistics Park in Hoskote
Quotes
Madhusudhan G
Chairman and Managing Director of Sumadhura Group
“By 2030, we will optimistically reach 10 million sq ft (of Industrial Warehousing & Logistics Parks). Around 40-45% will be in Bengaluru and remaining between Chennai and Hyderabad”
financialexpress.com
Sources
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