World Trade Center Chennai


The World Trade Center Chennai is a 28-storied commercial center under construction at Perungudi in Chennai, India. It is expected to be operational in 2020. The center will consist of 1,800,000 sq ft of office space. The complex will also include a conference/exhibition center. The centre is a member of the international World Trade Centers Association.

History

In 2016, India's Brigade Group and Singapore's GIC, a sovereign wealth fund, jointly acquired a 16-acre land parcel at Perungudi, purchased from Kansai Nerolac Paints for 5378.6 million. The land acquisition was facilitated by Perungudi Real Estates, a special purpose vehicle formed by Brigade Enterprises and GIC, with the help of real estate firm Jones Lang Lasalle. Construction of a world trade center and residential units, entailing an investment of more than 10,000 million has been planned on the land. The foundation stone was laid on 9 June 2017.
It is expected to be operational by March 2020.

Features

The complex consists of five towers, including two office towers and a hotel tower. Developed as a Grade A++ commercial development, all the towers have three basements. The first office tower will have 28 floors above the street, the second office tower 20 floors, the third tower 8 floors, and the fourth and the fifth towers 5 floors each. The total floor space of the construction would be 2,500,000 sq ft. The 28-storied tower will have a total floor space of 1.2 million square feet, with a typical floor area of 50,000 square feet. It includes development of more than 1.8 million square feet of premium office space spread across two towers. Upon completion, the towers will be the tallest commercial structure in Chennai. It consists of premium retail and hotel within the campus. Once fully operational, the WTC can house 20,000 to 25,000 employees. A 298-unit high-end residential apartments will also be constructed. The apartment block consists of a 26-storied twin towers to be built on 5 acres of land.
The development will be led by the WTCA. WTC has become an important landmark of Chennai city.