DLF Archives - Chennai News

Proposed Tech Parks In Chennai / Upcoming Major IT Parks in Chennai 2024-2029: Chennai, known as the "Detroit of India" for its robust automobile industry, is rapidly emerging as a hub for information technology (IT) and related industries. With a growing demand for office space and technology infrastructure, several major IT parks are set to reshape the city's skyline over the next few years. Here's a comprehensive list of upcoming major IT parks in Chennai from 2024 to 2029: IT Park NameEstimated Size (Million Sq.ft)Fintech City Phase 1Approximately 10DLF Downtown6.8L&T Innovation Campus6.5RMZ One Expansion5.1Sattva PerungudiApproximately 4International Tech Park Expansion3.3TCS Siruseri Phase 23.2Embassy Splendid Expansion3Raheja PallikaraniApproximately 2Lee Kim Tah SiruseriApproximately 2Brigade Radial Road1.5ASV Icon (Navalur)1.2Prestige-WS1Baashyam GuindyApproximately 1Casagrand (3 projects)Approximately 1.1ASV Husainy Phase 11TNHB, Peters RoadApproximately 1Capgemini ExpansionApproximately 0.8Brigade Anna SalaiApproximately 0.6Tidel Park Avadi0.55Phoenix Mall IT Tower0.4 Additionally, several smaller IT parks ranging from 250,000 to 400,000 sq.ft are under construction across the city, predominantly for flex space. The government has recently allotted around 12 acres for three IT parks along the Outer Ring Road. With the implementation of new Floor Space Index (FSI) regulations, further developments are expected across major corridors. Chennai's development as a leading IT destination requires joint venture (JV) and real estate (RE) focused policies. The infrastructure, especially along Radial Road, deserves significant attention and improvement to support the city's growing tech ecosystem. Overall, these upcoming IT parks signify Chennai's readiness to embrace technological advancements and attract investments, contributing to its status as a prominent IT hub in India.

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