Realty major Hiranandani Group and US-based private equity firm Blackstone Group's joint venture, GreenBase, is planning to invest over Rs 3,000 crore to develop industrial, logistics and warehousing parks across key cities in India.
In the next five years, the joint platform is looking to build and expand its portfolio by at least 15 million sq ft, taking it to more than 20 million sq ft.
The company is targeting a valuation of between Rs 5,500 crore and Rs 6,000 crore for its portfolio once the proposed expansion is completed.