Chennai alone now commands 10% of India’s total GCC stock, making it one of the strongest GCC hubs in the country. After Chennai, Coimbatore has emerged among the top tier-2 cities preferred by global companies for GCC expansion.

The report highlights that Tamil Nadu—aiming to become a USD 1 trillion economy by 2030—is leveraging its strong industrial base, rapidly maturing services ecosystem, and deep R&D capabilities. With 750+ R&D institutes, Tamil Nadu is also the 2nd-most competitive location for electronic R&D globally.

Data Centre Momentum: Chennai & MMR Together Hold 70% of India’s DC Stock

Tamil Nadu’s data centre (DC) ecosystem is expanding at an unprecedented pace. Chennai and MMR collectively account for more than 70% of India’s data centre capacity, making them the country’s dominant DC locations.
Beyond Chennai, Coimbatore and Madurai are now emerging as new DC hotspots, driven by demand from IT/ITeS players, hyperscalers, and GCCs.

The state also hosts 54 operational SEZs—the highest in India—and around 30 SIPCOT industrial parks, positioning it as a top destination for global manufacturing and technology majors.

Infrastructure Push Reinforces TN’s Economic Strategy

Infrastructure remains central to Tamil Nadu’s growth blueprint.
Bhupesh Nagarajan, Co-chairman – FICCI Tamil Nadu State Council, said:

“Expanding airports, seaports, industrial corridors, logistics parks, expressways, and metro networks are strengthening connectivity. Projects like the Parandur greenfield airport, Chennai Metro Phase II, and major highway upgrades will further cement Tamil Nadu’s role as an economic gateway.”

This infrastructure-led progress is reshaping business corridors and linking remote regions to growth centres.

Chennai Real Estate: Balanced Housing Market, Strong Office Demand

The report notes a consistently healthy performance across residential, office, and industrial/warehousing segments:

Residential Market:

• 83,100 units launched in Chennai between 2021–9M 2025
• 85,200 units sold in the same period
• Near-perfect alignment of supply and absorption
• Mid-segment (₹40–80 lakh) housing dominates with 43% share of new supply

Sanjay Chugh, Director & City Head – Chennai, ANAROCK Group, said:

“The supply–absorption alignment shows a balanced and resilient market with strong end-user participation.”

Office & Industrial:

Chennai continues to attract demand from technology firms, GCCs, engineering companies, and new-age enterprises. Industrial and warehousing activity remains steady due to diversified manufacturing, automotive clusters, and logistics connectivity.

Growth Beyond Chennai: Tier-2 Cities Rise

ANAROCK Chairman Anuj Puri highlighted the importance of growth beyond the capital:

“Tamil Nadu’s Tier-2 cities—Coimbatore, Tiruchirappalli, Madurai, Salem—are emerging as new economic centres. Their rise reflects the increasingly distributed nature of growth across the state.”

Coimbatore, in particular, stands out with rising GCC interest, upcoming DC capacity, and strong manufacturing roots.

Other Key Highlights from the Report

• Most urbanised state in India with 48% urbanization
• Attracted USD 3.68 billion FDI in FY25
• Received USD 17.29 billion cumulative FDI (Oct 2019–June 2025)
• 3rd-largest exporting state with ~USD 52 billion exports in FY25
• Known as the “EV capital of India” – manufacturing 70% of the country’s electric 2-wheelers

Also Read: Awfis Partners with Zinnov to Power the Future of GCCs in India

The post Tamil Nadu Emerges as New GCC Magnet With 250+ Centres; Chennai Alone Has 10% of India’s Stock appeared first on Square Feat India.

The offer, with a face value of ₹5 per equity share, comprises an Offer for Sale (OFS) of up to 3.55 crore shares by the company’s promoter, Mr. Vijay Surana J. No fresh issue component has been announced.

Company Overview

Incorporated in 2004, Grand Housing focuses on plotted real estate development primarily in Tamil Nadu, especially in and around Chennai. The company’s business model involves:

• Acquiring parcels of land
• Building basic infrastructure — roads, power, sewage, water
• Converting the parcels into developable land for residential or industrial use

In some cases, Grand Housing acquires contiguous parcels to create larger tracts for more economically viable development.

Project Segments

1. Residential Plotted Development
   • Target buyers: individual homeowners constructing houses or villas
   • Plot sizes: 600–2,400 sq. ft.
   • Pricing: ₹1,500–₹5,000 per sq. ft.
2. Industrial Plotted Development
   • Focuses on large contiguous parcels for industrial use

The company’s operations are concentrated in Chennai, one of India’s most urbanized and economically dynamic cities, benefiting from cultural heritage, moderate climate, and robust population growth.

Land Bank and Financials

As of March 31, 2025, Grand Housing had land reserves of 83.13 million sq. ft. (1,908.52 acres), excluding ongoing, completed, and upcoming projects.

• Revenue from operations: ₹156.66 crore in FY25 (vs ₹94.61 crore in FY23)
• Net profit: ₹84.59 crore in FY25 (vs ₹30.92 crore in FY23)

IPO Structure & Listing Plan

The IPO will be carried out through the book-building process:

• QIBs: Not more than 50% of the offer
• Non-institutional bidders: Not more than 15%
• Retail investors: At least 35%

Smart Horizon Capital Advisors is the Book Running Lead Manager, and Bigshare Services Pvt. Ltd. is the Registrar. The company’s equity shares are proposed to be listed on BSE and NSE.

Also Read: WeWork India Files DRHP with SEBI for IPO

The post 🏠 Grand Housing Files DRHP for ₹5 Face Value IPO; Entire Offer is OFS by Promoter appeared first on Square Feat India.