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 World Trade Centers Association (WTCA).[1]

World Trade Center Chennai
World Trade Centre Chennai under construction
General information
StatusUnder construction
TypeOffice
LocationPerungudi, Chennai, India
Coordinates12°57′42″N 80°14′43″E
Construction started2013
OwnerBrigade Group, GIC
Height
Roof90 metres (295 ft) (Tower 1)
66 metres (217 ft) (Tower 2)
Top floor27 (Tower 1)
19 (Tower 2)
Technical details
Floor count28 (Tower 1)
20 (Tower 2)
Floor area1,800,000 sq ft
Design and construction
DeveloperBrigade Group (India) and GIC (Singapore)
Structural engineerHoK, New York

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 (JLL). Construction of a world trade center (WTC) and residential units, entailing an investment of more than ₹ 10,000 million was planned on the land.[2] The foundation stone was laid on 9 June 2017. It is expected to be operational by March 2020.[3]

Features

The complex consists of five towers, including two office towers and a hotel tower. Built on a 15-acre plot and developed as a Grade A++ commercial development, all the towers have three basements. The first office tower has 28 floors (ground and 27 floors) above the street, the second office tower 20 floors (ground and 19 floors), the third (hotel) tower 8 floors, and the fourth (restaurant) and the fifth (cafetaria and utility) towers 5 floors each. The total floor space of the construction would be 2,500,000 sq ft.[4] The 28-storied tower has 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.[5] Once fully operational, the WTC can house 20,000 to 25,000 employees. A 298-unit high-end residential apartments will also be constructed.[3] The apartment block consists of a 27-storied (G+26) twin towers to be built on 5 acres of land. Besides, there will be another tower with 80 Marriott Exclusive apartments. These towers are to be completed by October 2024.

The development will be led by the WTCA. The WTC has become an important landmark of Chennai city.[6]

See also

References
  1. "World Trade Center Chennai". WTCA. World Trade Centers Association. 2016. Retrieved 8 August 2016.
  2. "World Trade Center planned in Perungudi". The Hindu. Chennai: The Hindu. 31 March 2016. Retrieved 8 August 2016.
  3. Kandavel, Sangeetha (19 October 2019). "WTC to open doors in March 2020". The Hindu. Chennai: Kasturi & Sons. p. 6. Retrieved 20 October 2019.
  4. Vaitheesvaran, Bharani (30 March 2016). "Brigade Group to build World Trade Centre in Chennai at cost of over Rs 1000 crore". The Economic Times. Chennai: IndiaTimes Group. Retrieved 8 August 2016.
  5. "Foundation Stone Laying Ceremony of WTC Chennai". WTCA. World Trade Centers Association. 2017. Retrieved 12 May 2017.
  6. "Next World Trade Centre in Chennai Coming Soon". DIL News. Chennai: Delhi Infratech Limited. 31 March 2016. Retrieved 8 August 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.