Spread across 4.5 acres, the project marks the group’s first venture into the senior living real estate segment, reflecting its focus on wellness-driven, community-based living for India’s growing elderly population.

1 Million Sq. Ft. of Thoughtful Senior Housing

The development, with a total project value of ₹300 crore, will encompass 1 million sq. ft. and offer 400 residences to be developed in two phases.

Each home will be a well-designed 2BHK unit of approximately 700 sq. ft., priced from ₹60 lakh onwards, offering residents comfort, accessibility, and thoughtful design suited for senior lifestyles.

Holistic Care and Assisted Living Ecosystem

Announcing the launch, Dr. Niranjan Hiranandani, Founder & Chairman, Hiranandani Communities, said:

“The launch marks a pioneering collaboration between Hiranandani Parks and GTB Developers, aimed at creating a world-class, wellness-driven ecosystem tailored for senior citizens. The development will integrate holistic care, on-site medical assistance, recreational and wellness programs, assisted living facilities, and hospitality services — enabling residents to lead a secure, dignified, and fulfilling lifestyle within the broader township environment.”

The project will include 24/7 medical support, recreational spaces, wellness centers, assisted care, and curated community programs, positioning it as one of Chennai’s most comprehensive senior living developments.

Strategic Entry into a Growing Market

The move marks Hiranandani Communities’ strategic entry into India’s emerging senior housing market, which has seen a sharp rise in demand due to increasing life expectancy, nuclear family structures, and changing lifestyle preferences among retirees.

Located within the Hiranandani Parks township in Oragadam — a hub for industrial and IT employment — the project is expected to benefit from the township’s existing social infrastructure and open green spaces.

Also Read: Hiranandani partners with Padukone Sports

The post Hiranandani Forays into Senior Living: ₹300 Cr, 1 Million Sq. Ft. Project ‘Elements’ to Rise in Oragadam, Chennai appeared first on Square Feat India.

GCC Office Leasing Snapshot: Q1 2025

• Total gross leasing by GCCs: 8.35 Mn sq. ft.
• Total gross office leasing (all occupiers): 19.47 Mn sq. ft.
• GCCs’ share of total leasing: 43%
• YoY growth in GCC leasing: 72% (from 4.87 Mn sq. ft. in Q1 2024)

City-wise Gross Leasing by GCCs (Q1 Comparison)

Bengaluru leads the list with a 40% share (3.3 Mn sq. ft.), followed by Delhi-NCR with 23% (1.91 Mn sq. ft.), and Chennai with 15% (1.22 Mn sq. ft.).

Sector-wise GCC Office Leasing (Q1 2025)

While IT/ITeS continues to dominate the space, there is a visible rise in demand from BFSI and manufacturing & industrial sectors. This reflects diversification in the operational focus of new and expanding GCCs in India.

Historical Office Leasing by GCCs (Top 7 Cities)

GCC Growth Outlook: 2024 to 2030

Global Origins of Indian GCCs (2024 Data)

Key Trends Driving GCC Expansion in India

• Policy support: Union Budget incentives and state-level infrastructure schemes
• Skilled talent availability beyond metros
• Cost competitiveness in Tier 2 & 3 cities
• Diversification beyond IT/BFSI into manufacturing, e-commerce, and consulting
• Growing demand for mid-sized GCCs (1,000–2,000 employees)

As the global business environment leans toward strategic offshoring and digital transformation, India’s office space market — particularly in Bengaluru, Hyderabad, Chennai, and Delhi-NCR — continues to witness robust traction from GCCs. The industry’s expansion into Tier 2 cities like Ahmedabad, Kochi, and Coimbatore signals a broader base for growth in the coming years.

Also Read: Why Commercial Real Estate Investors Are Betting On Office Spaces

The post Southern Cities Lead GCC Office Leasing with 64% Share in Q1 2025 appeared first on Square Feat India.

Strategic Expansion in Key Markets

This marks the fourth land acquisition by TVS Emerald in the current financial year. Prior to this, the company acquired:

• A 12-acre land parcel on Radial Road, Chennai
• A ~4.8-acre land parcel in Padur, Chennai
• A 4-acre land parcel in Thanisandra, Bengaluru

With these acquisitions, the overall development potential of TVS Emerald’s ongoing and upcoming projects now stands at 8.2 million sq ft.

Leadership Vision & Market Positioning

Sriram Iyer, Director and CEO of TVS Emerald, emphasized the company’s steady expansion in major real estate hubs. “We have been growing steadily with multiple acquisitions across Chennai & Bengaluru. The acquisition of this land parcel – our 4th this year – will only help us further consolidate our position in the market. Our presence in key micro-markets will help us move closer to a leadership position and reinforce our position as a trusted brand in the residential space.”

Implications for the Real Estate Market

TVS Emerald’s strategic investments highlight the growing demand for residential and mixed-use developments in Chennai and Bengaluru. With a robust pipeline of projects, the company aims to cater to the evolving needs of homebuyers while strengthening its market footprint.

As the company continues its expansion, industry experts anticipate that TVS Emerald’s increasing footprint in high-growth micro-markets will further elevate its position as a key player in India’s real estate sector.

Also Read: Bengaluru Housing Market

The post TVS Emerald Expands Presence with 10-Acre Land Acquisition in Bengaluru appeared first on Square Feat India.

Sriram Iyer, Director & CEO of TVS Emerald, commented on the landmark acquisition, saying, “This acquisition underscores our strategic growth plan and strengthens our market leadership in both Chennai and Bengaluru. Securing land on the premium Radial Road corridor enhances our portfolio and creates substantial value for our stakeholders. This move aligns with our vision of developing world-class properties in high-potential locations.”

The new acquisition follows the success of TVS Emerald’s previous projects in the area, including TVS Emerald Elements and TVS Emerald Lighthouse, both of which have seen strong sales. TVS Emerald’s consistent expansion strategy aims to further solidify its presence in Chennai’s booming real estate market.

TVS Emerald, a subsidiary of TVS Holdings, has already delivered approximately 3.6 million square feet of residential projects in Chennai and is currently developing around 8.6 million square feet across various locations.

Also Read: Bajaj Family Members and Trust buys apartments for Rs 103.73 Crore

The post TVS Emerald Acquires 12-Acre Land Parcel on Pallavaram-Thoraipakkam Road in One of Chennai’s Largest Real Estate Deals appeared first on Square Feat India.

Spread across ~ 60 acres, the proposed project is estimated to have a developable potential of approximately 1.6 million square of saleable area, comprising primarily of residential plotted development.

The site is strategically located in between Grand South Trunk road (GST road) and NH-4, just off Oragadam Junction (on the 6-lane SH-48) offering access to other parts of the city via Chennai Bypass Road, Chennai Tiruvallur High Road and Red Hills Road.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy to add this land parcel to our portfolio. It fits with our strategy of deepening our presence across India’s leading cities. We will aim to build an outstanding plotted development project in Chennai that creates long term value for its residents.”

Oragadam Junction is recognized as one of the fastest-growing business and largest industrial corridors of Chennai, with manufacturing facilities of 22 Fortune 500 companies spread across the industrial belt stretching from Sriperumbudur to Oragadam. The area is well-connected via road and rail and offers good civil and social infrastructure consisting of schools, colleges, hospitals and retail outlets.

Also Read: Godrej Properties sells over 1 million square feet of area in a new launch at its project Godrej Garden City in Ahmedabad

The post Godrej Properties acquires 60-acres land parcel in Chennai appeared first on Square Feat India.

Embassy Chennai is strategically located in Chennai’s fast-growing IT corridor, comprising a cluster of IT parks and associated infrastructure to support the city’s technology economy, including global capability centers. The new office also represents an important historical milestone for BNY Mellon’s operations in Chennai, marking their presence in the city for more than 20 years, and will accommodate different teams assisting global operations including Pershing X, a recently launched business unit within Pershing that will design innovative solutions for the advisory industry in India. India is currently home to BNY Mellon’s largest workforce outside of North America and the youngest by demographics.

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