Capgemini will make investments ₹1,000 crore within the subsequent three years to arrange a 5,000-seat capability facility in Chennai. The power, spanning practically 6 lakh sq ft, will change into a chief vacation spot for top-tier expertise in southern India. It should help Capgemini’s numerous specialist groups, together with monetary companies, engineering, digital, cloud, and … Read more
Actual property developer RMZ Corp and CPP Investments have signed an settlement to promote considered one of their prime workplace complexes, One Paramount 1 tech park in Chennai to Singapore’s asset supervisor Keppel for round ₹2,100 crore, three sources stated. The cap price on the transaction is 8.6 per cent, the very best in latest … Read more
The primary half of 2024 noticed workplace leasing of 29.4 million sq. ft, pushed by demand primarily in Mumbai and Bengaluru, buoying hopes that the yr may finish with absorption crossing 50 million sq. ft for the third yr in a row. The 2 cities accounted for over half of the overall leasing exercise within … Read more
WeWork India, a supplier of versatile workspace, expanded its footprint within the nation by launching its facility – Olympia Our on-line world – in Chennai. Spanning 130,000+ sq. ft. of area and a couple of,000 seats throughout two flooring, Olympia Our on-line world in Guindy is the corporate’s fifty fifth constructing within the nation. With Olympia … Read more
Brigade Group, a number one actual property developer, has introduced a serious growth in Chennai with tasks throughout industrial, residential, retail, and hospitality segments, involving a complete outlay of ₹8,000 crore over the subsequent 6-7 years. One of many key tasks is the Brigade Icon, which is able to provide residential, retail, and workplace areas. … Read more
Following the Singapore mannequin, Chennai will quickly have an Built-in Ticketing System (ITS) that may present a single ticketing system for use throughout all operators in Chennai Metropolitan Space. This can assist commuters in straightforward transit in the course of the switchover from one transport system to a different. Presently in Chennai, Public Transport companies … Read more
Tata Group could strike a deal to take management of Pegatron Corp.’s iPhone manufacturing operations in India as quickly as Could, cementing Apple Inc.’s relationship with one of many nation’s most influential conglomerates. Tata Group is within the remaining phases of negotiations with Pegatron to take a majority stake within the Taiwanese agency’s Apple handset … Read more
Greenbase Industrial & Logistics Parks, a three way partnership between Niranjan Hiranandani-led Hiranandani Group and US-based personal fairness main Blackstone Group, has chalked out a contemporary funding of about ₹800 crore at Oragadam close to Chennai to create area for manufacturing corporations. The proposed funding will likely be made for creating 100 acres contiguous to … Read more
Embassy Group, the biggest shareholder in Indiabulls Actual Property, has invested ₹1,160 crore via a preferential allotment of shares and warrants. Of this, 25 per cent is upfront, and the steadiness will probably be invested over 18 months. The ground value of the issuance was Rs 111.51 per share. It has additionally contributed a number … Read more
The Tamil Nadu authorities plans to develop a brand new auto cluster from scratch at Thoothukudi in southern Tamil Nadu because of the EV manufacturing challenge of VinFast and to assist future auto investments. Additionally learn:Indian enterprises generated practically half of AI/ML transactions in APAC: Report “Chennai is a really large cluster within the automotive … Read more