GT Bharathi envisions the WTC development as the centrepiece of an integrated, IT-centric mixed-use township of approximately 150 acres, with a projected development value in the region of ₹7,000 crore.
GT Bharathi, a real estate developer, has been granted a license by the World Trade Centers Association to develop a World Trade Center business in the Chengalpattu district in Tamil Nadu. The agreement places GTB among an elite global network of over 300 WTC businesses across nearly 100 countries and territories — and makes it one of the major developers to carry the WTC name in South India, says a release.
Bengaluru’s Brigade had developed a WTC in Chennai.
GT Bharathi envisions the WTC development as the centrepiece of an integrated, IT-centric mixed-use township of approximately 150 acres, with a projected development value in the region of ₹7,000 crore. At full build-out, the development is envisioned to generate over 1,00,000 jobs, positioning it as a significant engine of employment and economic activity for the region, says a release.
“Our vision is a self-sustaining live-work-learn destination anchored by the WTC business park,” said Arun Bharathi Arunachalam, Managing Director of GT Bharathi.
“The masterplan is designed to unfold in phases over roughly a decade, bringing together commercial and retail spaces, data centres, residential and luxury residential communities, educational institutions, and hospitality,” he said.
“GTB’s entry into the WTCA network strengthens our presence in one of India’s fastest-growing trade corridors,” said Badal Saboo, Business Lead – India & Asia Pacific of the World Trade Centers Association.
GTB is in active discussions to consolidate a land parcel of the scale this vision demands. Landowners holding parcels of comparable size along the OMR corridor from Thiruporur onwards, and along ECR within the Chengalpattu district, are invited to connect with GTB to explore participation in this landmark development, the release said.
“We are yet to decide on the location,” Arunachalam told businessline.
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