Casagrand, the South-focused real estate giant, has just bagged a massive deal! On Thursday, they announced that global private equity superstar Blackstone agreed to invest a whopping Rs 700 crore in their latest industrial and warehousing project near Chennai. This exciting news came via a PTI report. The US-headquartered Blackstone will fuel the development of a gigantic 4.2 million sq ft space, setting the stage for big business. Casagrand is all set to create not one, but two massive industrial and logistics parks spread across a sprawling 154 acres in Sriperumbudur, Chennai. Designed especially for booming sectors like e-commerce, 3PL, and manufacturing, these projects promise a grand gross development value of Rs 1,500 crore once completed. Adding to the buzz, a domestic auto company has already pre-leased a part of the space, showing strong demand from top players. Currently gearing up for an IPO, Casagrand boasts of delivering an impressive 6 million sq ft in their industrial and warehousing division, with another 15 million sq ft under construction. Arun Mn, Casagrand’s founder, chairman, and managing director, said, “With Blackstone's global expertise and our deep regional understanding, we are confident of setting a new benchmark for industrial infrastructure in the country.” The excitement doesn’t stop here. Construction on both parks will kick off soon, and Casagrand plans to wrap up the project within 30 months. This partnership marks a sparkling chapter for industrial real estate near Chennai, bringing new energy and opportunities to the region.