Real Estate

Real Estate Transactions

ESR acquires 85 acres in Hosur, to invest over Rs.600-Cr to set up industrial park

Economic Times  

ESR, an Asia Pacific-focused real asset owner and manager, plans to invest more than INR 600 crore to develop an industrial and manufacturing park in Hosur, Tamil Nadu. The company has acquired 85 acres for this project, which has a development potential of 2.1 million sq ft.Located in the Hosur-Shoolagiri industrial belt, the ESR Hosur Advanced Manufacturing Park will feature 10 industrial buildings. These facilities are intended for companies operating in manufacturing, electronics, clean energy, aerospace, electric vehicles, robotics, and related industries. The park is expected to benefit from its proximity to the Hosur aerodrome and an upcoming freight corridor.