RE enthusiast. Updates about the Chennai real estate market coupled with time to time updates on the office, residential and retail market
#InvestinTN
#Chennai
🚨BUZZ🚨
Brigade set to develop a 35 floor skyscraper at Perungudi in YMCA Ground, set to be about 1.5 mn sft. If it gets into actual execution, it will be the tallest office tower in the city, beating Brigade's own WTC.
Representative Pic
#Chennai
#ChennaiRealEstate
Some better quality intended renders of Sattva Knowledge City, coming up in Perungudi.
One of Chennai's best office spaces is loading😍
#Chennai
#ChennaiRealEstate
✨Beauty✨
SATTVA KNOWLEDGE CITY
4.5 Mn sft of absolute World-Class premium Grade A office Spaces
Coming up in Perungudi next to the erstwhile Toll Plaza
This has to be one of the best Highrises in our city!!
Note - 3D Render / Architect's perspective
#Chennai
#ChennaiRE
✨Beauty✨
SATTVA KNOWLEDGE CITY
4.5 Mn sft of absolute World-Class premium Grade A office Spaces
Coming up in Perungudi next to the erstwhile Toll Plaza
This has to be one of the best Highrises in our city!!
Note - 3D Render / Architect's perspective
#Chennai
#ChennaiRE
The absolute scale of Guindy Industrial Estate is crazy. There are about 10,000 employees working in this footprint alone (image below). With proximity to Metro, Sub-urban Rail and also Bus Terminus, the erstwhile Industrial hub is now a thriving office hub with an office stock
🚨OMR - OFFICES INCREASE🚨
The RE Circuit buzz has it that Casagrand is all set to develop a million sft IT park off Dr MGR Salai in Perungudi
#Chennai
#ChennaiRealEstate
Baashyaam Promenade
Guindy's and the City's finest and most aesthetic office development yet, on Guindy Main Road, opposite to ITC Grand Chola.
1.83 Mn sft of Super Built up area across 5.6 acres of Land with a configuration of 5 levels of Parking and 11 office Floors
You saw it
🚨OMR Growth Story continues🚨
Lennox has established their intent to grow their Technology Centre in Taramani by committing to lease ~1.5 L sft at CapitaLand Taramani campus.
#Chennai
#ChennaiRealEstate
Fintech Tower by TIDCO at Fintech City
Once completed, this 0.6 mn sft Tower, will host companies from the BFSI sector propelling the city's growth in the domain.
#Chennai
#ChennaiRealEstate
⏫⏫Chennai OMR skyline⏫⏫ to grow with a 34-35 Floor Office Space Tower of 1.5 Mn sft soon at Perungudi!!
The developer is betting big on Chennai. Details soon
#Chennai
#ChennaiRealEstate
Renault India inaugurates expanded office at WorkEz, Helix
The entity is now moving from WorkEz, Baashyaam Willow Square (~8,000 sft) to WorkEz, Helix (~14,000 sft)
#Chennai
#ChennaiRealEstate
DLF Cybercity SEZ in Porur, now offers Non SEZ space to occupiers who do domestic business. A total of 0.5 mn sft of Non SEZ space is now available for lease in the City's largest Office campus.
#DLFCybercityChennai
#Chennai
Voora Developers to build an office space of 1.6 L sft in Ambattur Industrial Estate opposite to Kosmo One
This will be the latest developement in Kosmo One after ages!! Vacancy has decreased to all time low in Ambattur and the area was desperate for such a new development!
✨New Leasing updates at Olympia Cyberspace✨
1⃣JSW has leased ~50,000 sft
2⃣RBL Bank has leased ~15,000 sft
3⃣KB Kookmin Bank enters Chennai - leases ~15,000 sft
4⃣NKT Cables has leased ~44,000 sft
5⃣TVS Next has leased ~30,000 sft
#Chennai
#ChennaiRE
📷 Wework
🥳SES sets up Chennai GCC🥳
SES has acquired Intelsat, earlier Gogo Air, which had an approx. 20,000 sft centre in DLF Cybercity Porur.
They are further expanding the centre by leasing additional ~31,000 sft in the same floor to house their GCC.
Great news for the city!!
🚨Big
SES, 🇱🇺Luxembourg based & one of world’s leading satellite telecommunications firm to open its first Indian Global Capability Centre (GCC) & the first one in Asia Pacific outside Singapore in Chennai. To employ 300-400 people initially!!
#InvestInTN
#GCC
L&T Innovation Campus - Phase 1
2 Towers have been completed with Builtup area of 1.2 Mn sft
Tower 1 has been leased by LTI Mindtree, while Tower 2 is in talks for takeup by LTI Mindtree and L&T Technology Services
Phase 2 and 3 has total development potential of 5 Mn sft
More images of Brigade Icon, upcoming mixed use development at Anna Salai by Brigade.
Set to be the tallest Commercial and Residential tower in the CBD
#Chennai
#ChennaiRealEstate
Source : SOG Design
⏫Chennai office market on a roll⏫
Record numbers for the city as Chennai clocks a whooping 5 mn sft of Gross Leasing in the first half of 2024 along with ~12,000 seats transaction at Co-working spaces.
#Chennai
#ChennaiRealEstate
A prominent Chennai based developer has picked up this land parcel in Perungudi Industrial Estate for a new office development, potential of about 1 Lakh odd sqft.
#Chennai
#ChennaiRealEstate
Le Grand Trianon by Baashyaam
When it comes to luxury residential developments, Baashyaam is miles ahead of any other developer in the City.
This project is in Poes Garden (Kasturi Rangan Road) and houses luxurious, Super-sized lavish French homes where each unit is more than
🚨Breaking🚨
The Executive Centre has leased approx. 40,000 sft at DLF Downtown marking the firm's entry to OMR.
Tablespace has also leased ~160,000 sft at this asset.
DLF DT now houses 3 flex operators - Simpliwork, Tablespace and The Executive Centre
#Chennai
#ChennaiRealEstate
🟩Boston Consulting Group🟩has leased space in Chennai. This would be their first full fledged office in the city after having been in a business centre in Hyatt Regency for years!!
BIG!
#Chennai
#ChennaiOffice
🚨MAJOR DEAL ALERT🚨
SMFG India Credit (Formerly Fullerton India)
grows in the city by leasing ~75,000 sft at K Raheja Commerzone, Porur!
Shows SMFG's intent for Chennai and we hope this will only grow from here on
#Chennai
#ChennaiRealEstate
🚨BUZZ🚨
News in the market that a prominent Bangalore based developer has picked up this property in Velachery.
Need to wait and watch if it is going to be a residential or a mixed use development
#Chennai
#ChennaiRealEstate
adidas GBS Chennai inaugurated their new office this week at Smartworks, Olympia Pinnacle.
Spread across approx. 35,000 sft, this state of the art facility is adidas' first GCC in the country.
#Chennai
#ChennaiRealEstate
📷Video via adidas' Linkedin
SRH Experience Tower
Upcoming office building in Perungudi, by SRH Ventures spans a development of 1,98,000 sft with 2 Basement+Stilt+11 floors
Expected Completion Timeline Q2 2025
#Chennai
#ChennaiRealEstate
RMM Palmgrove
Developed by RMS Infra, this commercial project is an upcoming standalone building of size 100,000 sft in Alagappa Road, Purasaiwakkam
Double Basement + Ground + 9 Floors
#Chennai
#ChennaiRealEstate
🚨Baashyaam Promenade🚨
1.2 Mn sft of large scale office development set to change Guindy/Littlemount Skyline!
3B+S+13 Office Floors with a floorplate of 1.1 L sft each
Foundation and Basement works in Full swing.
Completion expected by 2026
#Chennai
#ChennaiOfficeMarket
⏫Leasing Update⏫
Assystem, which recently acquired L&T Infra, and The Executive Centre (Co-working) have leased ~25k & ~29k sft each at RMZ One Paramount
This is one of the best office campuses in the city & has seen significant leasing activity in the past 12 months
#Chennai
🚨Leasing Update🚨
Astrazeneca expands their presence in Chennai by leasin ~2.5L sqft at Ramanujan Intellion Park.
This takes their overall portfolio to ~0.5 mn sqft
#Astrazeneca
#Chennai
#ChennaiOffice
🚨Big Breaking🚨
Guidehouse lease 2.5L sft at RMZ One Paramount!!
Global consulting major is setting up another Development Centre in Chennai at RMZ One Paramount. This will be the company's second base after TRIL.
#Chennai
#ChennaiRealEstate
VB World by Namma Veedu Vasanta Bhavan
VB World has slowly catapulted into one of the hottest dine-in spots for people in and around Anna Nagar, with large crowds thronging through the entire week
Truly a Fusion of Global Cuisine With a Traditional Twist
Location : Shanti
Casagrand launches Casagrand Avenue Park, Perungudi Industrial Estate.
Spread across 4 Acres, this residentiaal development will house 209 elegantly designed 2, 3 & 4 BHK apartments with B+G+5 floors structure
The campus has planned 60+ world-class amenities like an exclusive
🚨New Deal Alert🚨
Chennai HQd, Thryve Digital, expands its Global Development Centre at Ramanujan Intellion Park by leasing additional 73,000 sft.
They now have ~1.73 L sft of Office space in Chennai.
#Chennai
#ChennaiOfficeMarket
Flex Operator "awfis" has leased 25,000 sft at RR Tower 4 at Guindy Industrial Estate.
Bullish on the city's potential, awfis has been signing up multiple buildings in the last 8 months (in Porur, Nungambakkam, OMR)
#Chennai
#ChennaiRealEstate
🟦Property Snapshot🟦
✨DLF Downtown✨
One of the best office buildings in the city!
5.8 Mn sft of development in total, redefining OMR's skyline.
This is SCB's largest campus outside of USA and BOA's one of the largest centres in India.
Recently Everi went live here.
#Chennai
Brigade Icon
Brigade Group launches premium mixed-use development project 'Brigade Icon'
Designed by Singapore based "SOG Design", the property spread across 5 acres will be Anna Salai's tallest Tower.
The Commercial tower (Retail and Office) facing Anna Salai will have 18
🚨Leasing Update🚨
Silicon Valley based, ACL Digital, has now leased ~53k sqft at DLF Cybercity. This is the campus' second Non SEZ transaction after wework!
Leasing momentum in Chennai is unstoppable
#Chennai
#ChennaiOffice
In what is one of the largest co-working deal in the city, Samsung has leased ~60,000 sft (~1200 seats) at wework in Olympia Cyberspace.
Samsung will relocate from Smartworks - Kochar Globe (where they hold 27,000 sft) and expand to this centre.
#Chennai
#ChennaiRealEstate
💶Fintech City Update💶
Plot S15 and S16 at Fintech City, Nandambakkam, admeasuring approx. 1.5 Acres each has been awarded formally to Axis Commercial Real Estate Fund backed by Tishman Speyer and Muthoot Fincorp
#Chennai
#ChennaiRealEstate
Four Points by Sheraton, Velachery
The boutique, 125 keys hotel is heading for a completion.
Should go live by end of Q3 '24. Great addition in Velachery with Proximity to both OMR and PTR
#Chennai
#ChennaiHospitality
#ChennaiRealEstate
🚨New Deals Alert🚨
Leasing momentum in Porur is growing by the day.
🟦RMZ One Paramount C10🟦
MedCode Services, enters Chennai with a new office of 24,000 sft
Genpact expands by leasing addnl. 24,000 sft, with an overall portfolio of 70,000 sft now
#Chennai
#ChennaiOfficeMarket
✨Royal Damera Gardens by Baashyaam✨
Luxury Real estate at its finest.
Located in Poes Garden, it offers a European/French themed architecture!
Boutique 4 Floor development with Luxury 4BHK units spanning more than 5000 sft each
#Chennai
#ChennaiResidential
🟦BIG - BREAKING🟦
Pune based MNC, Persistent Systems, extends it presence to Chennai by partnering with Smartworks for a premium managed office space at OMR.
Hiring underway currently
#Chennai
#ChennaiRealEstate
DRA's upcoming Commercial Asset at Egmore, Chennai. Approx. 1.2 L sft of Built up space in CBD region. Unique as this is a 99 year lease from Railway Land Development Authority
#Chennai
#ChennaiRealEstate
🚨Leasing Update🚨
wework expands their presence in Chennai by leasing ~1.25 L sqft in DLF Cybercity Chennai.
This is the first Non SEZ transaction in the campus, after I had reported DLF opening up spaces for Non SEZ clients
wework now has 2 centres totalling ~2.5L sqft
#Chennai
Upper House, Boat Club by Ceebros
Luxury residences at the most premium location in Chennai - Boat Club
This boutique residential development hosts only 9 units. Each of config/size : 4 Bed, Family & Home office / 5500 & 5860 sq. ft
#Chennai
#ChennaiRealEstate
The Broadstone by Appaswamy Real Estates
Premium 3 & 4 BHK high-rise apartments in Manapakkam, right outside DLF Cybercity.
Prices start at 1.92 Cr with apartments ranging from 1900 sft to 2500 sft
#Chennai
#ChennaiResidential
ASV Husainy Tech Park - The largest development in Chennai by a homegrown developer!! ~1 Mn sft campus in Porur (Micro-market) to be operational by Q3 2024. Each floor has ~85,000 sft of leasable area.
#Chennai
#ChennaiOffice
Kaylir Canteen
Kaylir Canteen in CIT Colony, is a quick service kitchen that offers home-style South Indian food.
Head out for a beautiful, scrumptious unlimited meal for lunch or for some neat tiffin options for breakfast/evening.
Also, the place is Pet Friendly!
📷 The Hindu
Centre Point 1
1.9 Lakh Leasable Area across 2B+4S+ 4 to 11 Floors Office Building (Similar configuration as Olympia Cyberspace but smaller footprint) - Floorplate of ~22,000 sft in Guindy Industrial Estate behind Olympia Tech Park (behind BNP Paribas Building - Centrepoint 2)
✨More Leasing updates at Olympia Cyberspace✨
6⃣ BDO Global has leased 20,000 sqft
7⃣ V Ships has leased 40,000 sqft
8⃣ Symbyont Smartspaces has leased a cumulative of 1.4 L sqft
#Chennai
#ChennaiGrowthStory
#Guindy
✨New Leasing updates at Olympia Cyberspace✨
1⃣JSW has leased ~50,000 sft
2⃣RBL Bank has leased ~15,000 sft
3⃣KB Kookmin Bank enters Chennai - leases ~15,000 sft
4⃣NKT Cables has leased ~44,000 sft
5⃣TVS Next has leased ~30,000 sft
#Chennai
#ChennaiRE
📷 Wework
The tallest commercial building is approx 109 mts in Chennai whereas the tallest residential is about 175 mts.
We need to incentivise developers with higher Fsi if you need a skyline
More Developments --> Higher Rentals
#Chennai
#ChennaiRealEstate
Brigade Tech Boulevard
Location & Micro-market - Radial Road | PTR
Total Leaseable Area - Approx. 8.5 L Sqft
2 Towers of G + 12 floors each
Floor plate ranges between approx. 30,000 – 32,000 sq. ft.
1 MLCP Block of 5 Floors
#Chennai
#ChennaiOfficeMarket
🚨NEW DEAL ALERT🚨
Ascendion, a US-based AI-first software engineering services firm, has leased approx. 40,000 sft at Futura Tech Park.
The company launched its GenAI Studio last week in Chennai.
#Chennai
#ChennaiRealEstate
The iconic Anna Flyover / Gemini Flyover of the CBD.
Will the revival of CBD happen in the next 5 years?
As the city rampantly grows towards the South and West zones, it is imperative that the developers start re-looking at potential of CBD. While the land prices have
SKCL Summit
Commercial office space tower on Gandhi Mandapam Road (few buildings before Ciclo Cafe) with 11 office floors
Total Built up Area - 1.2 Lakhs sft
Floorplate - 11,400 sft approx.
#Chennai
#ChennaiRealEstate
awfis continues to be bullish on Chennai.
Has leased the entire Rajkamal Pinnacle Building in Nungambakkam (except for Ground and 1st occupied by bmore)
The centre will be one of the largest co-working / managed spaces in the CBD
#Chennai
#ChennaiRealEstate
Club 1 by Appaswamy Real Estates
Another boutique, luxury residences at the most premium location in Chennai - Boat Club
This premium residential development houses 7 units and a terrace deck with Swimming Pool.
Each unit's config/size : 3BHK / ~3,445 sq. ft
#Chennai
We have added just about 20 mn sft in 6 years, since 2018.
The city has been struggling without any quality office spaces and no incentives for developer to look at commercial space against residential since low FSI and height restrictions couple with cost of land skyrocketing
Chennai adds this number in like 5-6 years and we ask why don’t we have enough white collar jobs! Lack of office supply & reputable local real estate players haunting Chennai for years!
@Guidance_TN
@Vish_speaks
@TRBRajaa
Disprz, a leading provider of GenAI-powered, learning and skilling suite, has expanded into a 250+ seater office at Smartworks, Pinnacle in Thoraipakkam.
#Chennai
#ChennaiRealEstate
BDO India has inaugurated their new office at Olympia Cyberspace spread across 20,000 sft. This centre will strengthen their business catering to TN and other surrounding regions.
#Chennai
#ChennaiRealEstate
🚨New Leasing Update🚨
US Based Healthcare RCM company, Med-Metrix, has leased approx. 25,000 sft in Millenia Business Park, Perungudi (Brookfield Properties)
#Chennai
#ChennaiRE
Brigade Icon
Brigade Group launches premium mixed-use development project 'Brigade Icon'
Designed by Singapore based "SOG Design", the property spread across 5 acres will be Anna Salai's tallest Tower.
The Commercial tower (Retail and Office) facing Anna Salai will have 18
Q Bar at The Hilton
Been a while since this famous rooftop pub opened back to the public with a facelift back in Dec '23.
The rooftop deck now hosts air-conditioned lounges with some lip-smacking food and beverages.
Head out for a beautiful, pleasant evening during the weekdays
🚨NEW DEAL🚨
ZoomRx has leased ~12,000 sft at Global Infocity.
ZoomRx is a Chennai based Multinational firm, offering consulting in the healthcare sector
#Chennai
#ChennaiRealEstate
Mizuho Global Services leases 40k sft at Brigade WTC!!
Growth of GCCs in Chennai, particularly BFSI GCCs, is propelling office space takeup in the city!
#Chennai
#ChennaiOfficeMarket
Indian MNC, 🟧Coforge🟦, has leased 150 seats with Indiqube at Millenia Business Park, Perungudi!
They used to have a smaller office in the same campus with Regus Business Centre earlier.
#Chennai
#ChennaiOffice
New Deals at WorkEz, Helix
AdamsBridge Global and Renault Nissan Technology & Business Centre India have expanded and leased 250 seats each at WorkEz, Helix in Velachery.
Tennessee based, AdamsBridge Global, offers managed service and annotative service solutions across diverse
🟦BIG - BREAKING🟦
Pune based MNC, Persistent Systems, extends it presence to Chennai by partnering with Smartworks for a premium managed office space at OMR.
Hiring underway currently
#Chennai
#ChennaiRealEstate
🚨New Deal Alert🚨
Omnicom group entity - DDB Mudra Group, has leased ~43k sft at RMZ One Paramount.
This is one of the Global Solutions Centers of Excellence (COEs), that Omnicom group has opened in India. The other 2 in Bengaluru and Gurugram.
#Chennai
#ChennaiOfficeMarket
Bonfiglioli has leased ~20k sft at Featherlite The Address. The organisation has a full fledged industrial manufacturing setup in Thirumudivakkam and this is their first full fledged office space in the city.
Engineering/Manufacturing sector's office take up is growing!
#Chennai
⏫New Leasing Deal⏫
US Based IT Services firm, EPAM, has leased ~15,000 sft with Simpliwork at DLF Downtown.
India is the second largest delivery centre for the organisation.
#Chennai
#ChennaiOfficeMarket
Parkhouse Mews by Appaswamy Real Estates
Premium 3 & 4 BHK high-rise apartments in Velachery with close proximity to Phoenix Marketcity. Prices start at 3 Cr with apartments ranging from 1886 sft to 2608 sft
Appaswamy is redefining luxury housing
#Chennai
#ChennaiResidential
Keppel has signed a term sheet with RMZ Corp to buy out RMZ One Paramount (Phase 1 incl C10,C20 and C30 Buildings) at approx. 2100 Crores.
This will be Keppel's first office space acquisition in the city
#Chennai
#ChennaiRealEstate
🚨New Leasing Update🚨
US Based Healthcare RCM company, Med-Metrix, has leased approx. 25,000 sft in Millenia Business Park, Perungudi (Brookfield Properties)
#Chennai
#ChennaiRE
Indian MNC, Hexware, has leased 65k sft at Featherlite The Address in Pallavaram.
Great news for the location where significant deals of size larger than 50k sft have been happening over the last 1 year!
#Chennai
#Chennaiofficemarket
4DT and 5DT, the upcoming office towers at DLF Downtown will be completed by 2027-28.
The towers are expected to be taller than the existing 1Dt and 2DT, however, it is to be seen if they can go past 25 Floors.
#Chennai
#ChennaiRealEstate
Blackstone backed Nexus REIT in talks to buy out the 0.6 mn sft Marina Mall, located in Navalur.
Nexus REIT already bought out Forum Mall in Vadapalani earlier, in a pan India deal with Prestige.
#Chennai
#ChennaiRealEstate
🚨Leasing Activity in the city🚨
Sterling Technopolis, Perungudi
OMR
1. Awfis has leased approx. 32,000 sft (1 Full floor) - This is Awfis' 4th Centre in OMR
✨Casagrand Hola Chennai - Sholinganallur✨
Latest launch in Chennai with 1,2,3 BHK apartments,4 BHK Floor Villas and Individual Villas. Spread across 62 acres, the community is proposed to have 23 acres of open spaces.
Units start from 892 sft and range upto 3228 sft
#Chennai
SRH Experience Tower
Upcoming office building in Perungudi, by SRH Ventures spans a development of 1,98,000 sft with 2 Basement+Stilt+11 floors
Expected Completion Timeline Q2 2025
#Chennai
#ChennaiRealEstate
Thank you all, for the support extended so far.
Hit a small milestone for this page. Hope to keep you guys well informed about Chennai Real estate market, as always, in the days to come.
Thank you
Bechtel Engineering further grows their presence in Chennai
They have leased an additional 35,000 sft at RMZ One Paramount thereby taking their overall portfolio to 85,000 sft in the Campus
#Chennai
#ChennaiRealEstate
Hyderabad based, Symbyont Smartspaces, a premium managed space (co-working) operator has leased ~30,000 sft at RMZ One Paramount. They are already present in CBD, Guindy and OMR and this is their 4th Centre in the city.
#Chennai
#ChennaiRealEstate
Promising! but we will fall behind other cities if we do not ramp up new supply addition.
Increase in FSI is a must to pave way for new developments and redevelopment of CBD is a necessary incidence for increased office stock
#Chennai
Chennai leads Bengalur & Hyderabad in offshore MNC office leasing for FY2023. Now is the time for Chennai to catchup. We need to built office spaces,social and other infra & market our city!!
@TRBRajaa
@Guidance_TN
✨Arihant Rohini✨
Boutique Commercial building at the heart of CBD has been almost leased out. Anchor tenant is Tata Motors followed by GSK, Croma leasing out one full floor each.
Such redevelopment projects are key for revitalising the CBD region
#Chennai
#ChennaiOfficemarket
Interiors of Baashyaam Promenade
Baashyaam has just raced past the Chennai based developers and some of the pan India developer's assets in the City in terms of Design, Aesthetics and Premiumness.
Insane!! Setting the bar high!!!
#Chennai
#ChennaiOfficeMarket
#ChennaiRealEstate
⏫HUGE⏫
CapitaLand International Tech Park has established their own, premium managed space solution in Taramani named,✨ BRIDGE+✨
The 35,000 sft facility with approx. 350 seats has been leased out by one single client!!! Name soon..
#Chennai
#ChennaiRE
⏫HUGE⏫
CapitaLand International Tech Park has established their own, premium managed space solution in Taramani named,✨ BRIDGE+✨
The 35,000 sft facility with approx. 350 seats has been leased out by one single client!!! Name soon..
#Chennai
#ChennaiRE
🟦NEW DEAL🟦
TPF Software Inc. has leased approx. 22,000 sft at The Address by Featherlite
TPF Software Inc. (TSI) is an Information Technology company founded in 1986 that pioneered development of products based on IBM’s TPF and ZOS technologies that are used by several fortune
🚨New Deals Alert🚨
New Leasing deals in MapleTree Assets owned, Global Infocity Park in OMR Zone 1
Grace Davison Chemicals and Apptium, each, lease 7,500 sft
#ChennaiOffice
#ChennaiRealEstate
🚨New Leasing Update🚨
L&t Infrastructure, now Assystem, has leased approx. 24,000 sft in RMZ One Paramount. The Engineering centre will host upto ~250 employees
#Chennai
#ChennaiOffice