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Hazoor Multi Projects has secured an INR 193.85 crore order from the National Highways Authority of India for operating as a user fee agency at Paranur Fee Plaza on NH-45 in Tamil Nadu. The contract, awarded through the e-tender process, has a tenure of 12 months and also covers maintenance of the building infrastructure located next to the toll plaza. The order adds to the company’s recent road-related contracts from NHAI and strengthens its presence in highway operations and infrastructure services. Hazoor Multi Projects also undertakes renewable energy and road construction projects.Read more
26 Aug 2026
Tamil Nadu has dropped plans to build a second airport for Chennai at Parandur, a project estimated to cost INR 274 billion (USD 2.86 billion), and is now looking at alternative locations with less impact on agricultural land. The proposed airport had received civil aviation clearance under the previous government but faced opposition from farmers. Chennai is a major manufacturing and industrial centre, with factories and suppliers linked to Hyundai, Renault, Apple, Foxconn and Tata Electronics. The state also plans to expand the existing airport’s capacity from 30 million to 55 million passengers annually.Read more
21 Aug 2026
ASK Property Fund, the real estate investment arm of Blackstone-backed ASK Asset & Wealth Management Group, has exited its investment in Shriram 122 West, a residential development by Shriram Properties in Mangadu, Chennai. The fund realised INR 340 crore against an investment of INR 215 crore, generating a gross investment multiple of about 1.6 times. The exit was announced on Tuesday, 18 August. ASK had provided growth capital to the project in 2023. Shriram 122 West has approximately two million sq ft of saleable area and is located on the outskirts of Chennai. The investment formed part of a co-investment platform between ASK Property Fund and Shriram Properties focused on residential and plotted development opportunities.Read more
21 Aug 2026
Chennai-based real estate developer GT Bharathi has secured a licence from the World Trade Centers Association (WTCA) to develop a World Trade Center business in Chengalpattu district, Tamil Nadu. The WTC is planned as the anchor of an integrated, IT-centric mixed-use township spanning approximately 150 acres, with a projected development value of around INR 7,000 crore. The proposed development will combine commercial and retail spaces, data centres, residential and luxury housing, education and hospitality facilities. GT Bharathi expects the project to create more than one lakh jobs at full build-out, with the masterplan planned in phases over roughly a decade.Read more
17 Aug 2026
Larsen & Toubro (L&T) has secured an order valued between INR 10,000 and INR 15,000 crore to build the country's largest single-cluster artificial intelligence infrastructure facility, marking the company's entry into the AI Factory business. Through its AI infrastructure arm, LTN Compute, and its AI and data centre business, Vyoma.AI, L&T will set up an NVIDIA B300-based AI Factory at its Chennai data centre campus to power the AI-native cloud platform of US-based Together AI. The facility is intended to support large-scale inference, fine-tuning and training workloads, strengthening India's AI infrastructure ecosystem.Read more
17 Aug 2026
Chennai-based residential developer DRA has started presence-less property registration and e-sale deed services for its customers under Tamil Nadu’s STAR 2.0 digital registration framework. The company has established dedicated infrastructure and digital compliance systems at its head office to enable customers to complete registrations remotely without visiting Sub-Registrar Offices. DRA said the system offers greater flexibility, including registrations on weekends, public holidays and auspicious days. The developer is the first CREDAI Tamil Nadu member to adopt the framework and has been working with the Inspector General of Registration’s office and TCS to improve the process based on customer experience.Read more
17 Aug 2026
The Greater Chennai Corporation (GCC) has suspended its revised property tax assessments for properties identified as under-assessed, following complaints from residents over higher-than-expected tax demands. The decision, announced on Thursday, restores the tax payable for affected properties to the amount applicable before the revision. The exercise was undertaken to correct assessments where property details did not match the corporation’s records. Taxpayers who have already paid the revised amount will not receive an immediate refund; instead, the excess payment will be adjusted against their property tax dues for subsequent half-years.Read more
15 Aug 2026
Chennai-based developer DRA has commenced presence-less property registration and e-sale deed services under Tamil Nadu’s STAR 2.0 digital registration framework, allowing homebuyers to complete property registrations remotely without visiting Sub-Registrar Offices. The developer has established dedicated infrastructure and digital compliance systems at its head office and is working with authorised partners to facilitate the process. DRA said the initiative is intended to improve convenience, standardise documentation and reduce dependence on physical appointments and manual coordination. The service also gives buyers greater flexibility to complete registrations on weekends, government holidays and personally significant dates. The company said it is the first CREDAI Tamil Nadu developer to adopt the state’s presence-less registration framework.Read more
12 Aug 2026
Chennai Metro Rail Phase-II has achieved 54.62% physical progress on its planned 118.9-km network, with the Union government releasing INR 14,545.91 crore for the project so far. The INR 63,246-crore Phase-II project comprises three corridors Madhavaram-SIPCOT, Lighthouse-Poonamallee Bypass and Madhavaram-Sholinganallur with around 42 km underground. The project is being monitored by the Centre and Tamil Nadu government at multiple levels. Meanwhile, the 14.64-km Poonamallee Bypass-Vadapalani stretch, the first operational section of Phase-II, has completed mandatory safety clearances and is awaiting its inauguration date.Read more
09 Aug 2026
RMZ has awarded Tata Projects a contract worth approximately INR 670.24 crore to execute the main civil works for RMZ Infinity, a commercial office development in Porur, Chennai. The project will comprise four office towers with a total built-up area of around 3.54 million sq ft and a leasable area of approximately 2.94 million sq ft across a 16.4-acre site. Targeted primarily at Global Capability Centres (GCCs), the development is designed to achieve USGBC LEED Gold and WELL Gold certifications. The project will also include retail, food and beverage outlets and wellness-oriented public spaces.Read more
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06 Aug 2026
Vacancy in Chennai's prime office market has declined to 9.9% from a peak of 15.8% in 2023, supported by sustained demand from Global Capability Centres (GCCs) and a constrained supply of new office space, according to a CRE Matrix report. The city currently has 120 million sq ft of Grade A/A+ office stock, with an additional 42 million sq ft under construction. The report highlights Chennai's competitive occupancy costs, low employee attrition and expanding GCC ecosystem as key factors driving office demand. It also notes that office demand is exceeding supply by 1.8 times, while several leading developers and institutional investors continue to maintain a significant presence in the city's commercial real estate market.Read more
02 Aug 2026
SPR India has launched District 12, a commercial office development within the 63-acre SPR City in Perambur, Chennai, targeting MSMEs, startups, entrepreneurs and professionals seeking office ownership. The project forms part of the company's integrated mixed-use township and aligns with the Tamil Nadu government's 'Perambur 2.0' initiative aimed at strengthening the locality as a commercial and investment hub. Offering office spaces ranging from 120 sq. ft. to 3,000 sq. ft., the development integrates business infrastructure with retail, healthcare, residential and educational facilities. The launch event, attended by industry representatives and business leaders, highlighted growing demand for professionally managed office spaces in emerging commercial corridors across Chennai.Read more
02 Aug 2026
Urbanrise has reported receiving more than 250 home reservations within seven days of opening the pre-launch window for its residential project, 'Codename: The Next Big Thing', in Thirumazhisai, West Chennai. The development, announced during the past week, will initially comprise over 1,000 two and three-bedroom apartments supported by more than 100 lifestyle amenities. The response reflects sustained demand for housing in West Chennai, where improving transport infrastructure and connectivity have strengthened residential and investment activity. Located near the Outer Ring Road, the Poonamallee Bypass Metro station, the upcoming Kuthambakkam Bus Terminus and the Chennai–Bengaluru Expressway, the project is positioned to benefit from access to major employment centres and industrial corridors.Read more
29 Jul 2026
The Airports Authority of India (AAI) is progressing with the modernisation of Chennai International Airport, with the remaining works expected to be completed by December 2026. The infrastructure upgrade is designed to expand passenger handling capacity, improve operational efficiency and enhance passenger facilities. Despite delays caused by the pandemic and adverse weather, the project has advanced significantly. Once fully completed, the expanded airport is expected to strengthen Chennai's position as a major aviation hub in southern India and support future growth in domestic and international air traffic.Read more
29 Jul 2026
Real estate developers in Chennai have sought clarification from the Chennai Metropolitan Development Authority (CMDA) regarding the implementation of Floor Space Index (FSI) provisions under the city's Transit-Oriented Development (TOD) policy. Industry stakeholders have requested greater clarity on the applicability of premium FSI along metro corridors to ensure consistent project approvals and planning. The outcome is expected to influence future residential and commercial developments while supporting efficient land use around Chennai Metro's expanding transit network.Read more
29 Jul 2026
Strata has invested INR 96 crore across residential developments in Chennai and Bengaluru, marking its continued expansion into professionally managed residential real estate investments. The investment has been deployed through projects in two of South India's strongest housing markets, reflecting sustained demand for structured investment opportunities in the residential sector. The move also highlights the growing role of technology-driven investment platforms in broadening access to institutional-quality real estate assets for a wider investor base.Read more
28 Jul 2026
ChennaiProperties.com has launched a new integrated brand campaign, Chennai-na… ChennaiProperties.com Dhaan, aimed at strengthening its connection with homebuyers by celebrating the city's culture and identity. Instead of focusing on property prices or projects, the campaign highlights iconic elements associated with Chennai and links them to the home-buying journey. Rolled out across Chennai Metro stations, trains, FM radio, digital platforms and social media, the initiative reflects the platform's hyperlocal approach. The company said the campaign also reinforces its long-standing presence in helping people buy, sell and rent properties across Chennai.Read more
21 Jul 2026
• The Greater Chennai Corporation (GCC) has extended its special property tax collection camps until July 31, 2026, providing property owners additional time to clear pending dues.
• The initiative aims to improve tax compliance by offering residents accessible payment facilities and assistance through designated collection centres across Chennai.
• The extension forms part of the civic body’s efforts to strengthen property tax revenue collection and improve municipal financial management.
• Revenue generated through property taxes supports essential civic services, infrastructure maintenance and urban development activities undertaken by the corporation.Read more
20 Jul 2026
• Brigade Hotel Ventures Limited (BHVL) plans to invest around INR 1,100 crore to develop three Hyatt-branded hotels in Chennai, strengthening its hospitality portfolio and expanding its presence in South India's premium hotel market.
• The projects include Grand Hyatt Chennai ECR, Hyatt Regency Chennai and Hyatt Place Chennai OMR, collectively adding nearly 600 keys to the city's hospitality inventory over the next few years.
• Grand Hyatt Chennai ECR, expected to open in 2029, will feature about 200 rooms, multiple dining venues, wellness facilities and extensive MICE infrastructure, targeting business travellers, leisure guests and destination weddings.
• The expansion aligns with BHVL's long-term growth strategy and Hyatt's India expansion plans, reflecting growing demand for premium branded hotels driven by business travel, tourism and large-scale events in Chennai.Read more
18 Jul 2026
Urbanrise has received strong backing from channel partners ahead of the launch of its upcoming residential project in Chennai, with more than 300 partners participating in a two-day pre-launch event. The developer said the project's initial launch inventory is valued at over INR 1,000 crore, while channel partners collectively committed business exceeding three times that value and submitted a significant number of expressions of interest. Participants from Chennai, Bengaluru and Hyderabad attended the event, indicating early market confidence in the development. The project, currently referred to as "Codename: The Next Big Thing", is yet to receive its official name and is expected to be launched in the coming months.Read more
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