EcoBox Parks Invests INR 400 Crore in Mannur, Chennai For Logistics Hub

Chennai: EcoBox Industrial Parks, a platform under Logicap Advisors, has made a significant move by acquiring 50 acres in Chennai's Mannur locality. This marks their first greenfield logistic asset deal in 2024.

The venture, backed by Alta Capital, aims to develop 1.2 million sq. ft. of industrial and logistics facilities, requiring an investment exceeding ₹400 crore.

Why Mannur?

Mannur’s proximity to State Highway 50, just three kilometers away, positions it as a strategic choice for modern industrial development. Ashish Shah, CEO of EcoBox Industrial Parks, highlighted that Mannur’s excellent location and connectivity address the surging demand for contemporary industrial infrastructure.

EcoBox Expands Its Portfolio

Since its formation in 2024, EcoBox Industrial Parks has expanded its portfolio to manage 4.8 million sq. ft. of space. Recent acquisitions include 3.6 million sq. ft. of industrial assets in Ranjangaon, near Pune, and Sri City, close to Chennai. The Mannur project adds another feather to their cap, cementing their presence in India’s growing industrial sector.

Alta Capital’s Footprint in India

Founded in 2021 by Siddhartha Gupta, Alta Capital operates as Rava Partners’ exclusive partner in India. Rava Partners, a real estate division of Hillhouse Investments, has invested over $2.5 billion in Asia, with $1.1 billion directed to India. Logicap Advisors, the logistics arm of Alta Capital, ranks among the top five logistics infrastructure companies in India, managing a 13-million-sq.-ft. portfolio.

Boosting Tamil Nadu’s Industrial Ecosystem

The Mannur project is set to support key industries such as e-commerce, third-party logistics, and light manufacturing. Its strategic location within Tamil Nadu’s growing industrial ecosystem will enhance supply chain infrastructure while tapping into Chennai’s robust manufacturing base.