World Trade Center township on the anvil for Chengalpattu
The project has an estimated value of ₹7,000 crore and will be developed in phases over approximately ten years
The World Trade Center Chengalpattu project, proposed by GTB Developers, has received a license from the World Trade Centers Association (WTCA) to develop an IT integrated township on a 100 to 150 acre site. This ambitious project, valued at ₹7,000 crore, is anticipated to be constructed in phases over a span of approximately ten years. The masterplan incorporates commercial and IT office spaces, hospitality facilities, residential units, and an educational zone.
GTB Developers are currently in the advanced stages of identifying and securing the necessary land for the Chengalpattu project. Additionally, the company is exploring the prospect of developing a second World Trade Center in the Kanchipuram district, which is proposed to cover a substantial 500 acres. Unlike the Chengalpattu project, this industrial World Trade Center is envisioned to encompass manufacturing and data centre zones, alongside infrastructure, education, and hospitality services.
GTB Developers are considering a public-private partnership (PPP) model for the Chengalpattu project, which is among the various structures under which World Trade Centers are typically developed worldwide. As part of their efforts, the organization is actively soliciting terms and conditions for the project, as outlined by the World Trade Centers Association.
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