GTB Developers Gets Licence for World Trade Center Township in Chengalpattu

GTB Developers (GT Bharathi Urban Developers Pvt Ltd) has announced that it has been granted a licence by the World Trade Centers Association (WTCA) to develop World Trade Center Chengalpattu.

The project is planned as an IT integrated township spread across 100 to 150 acre, rather than as an industrial estate. It has an estimated value of ₹7,000 crore and is expected to be developed in phases over approximately ten years.

Commercial, residential and education zones

The proposed masterplan includes commercial and IT office space, hospitality, residences and an education zone. GTB is at an advanced stage of identifying and securing land for the project.

The planned mix gives the Chengalpattu development a broader scope than an office or industrial project alone, with business, residential, hospitality and education components included in the masterplan.

GTB intends to explore the project under a public-private partnership (PPP) model, which is one of the structures under which World Trade Centers are developed globally.

Separate industrial proposal in Kanchipuram

GTB is also pursuing a second World Trade Center development in Kanchipuram district, proposed across approximately 500 acres. Unlike the Chengalpattu project, the Kanchipuram proposal is envisaged as an industrial World Trade Center.

The Kanchipuram development is proposed to include manufacturing and data centre zones, along with infrastructure, education and hospitality. The two proposals therefore have different stated purposes, with Chengalpattu planned as an IT integrated township and Kanchipuram positioned as an industrial World Trade Center.

Source: The Hindu