Prestige Group enters in to 7 acres JV Deal in Chennai with WS Industries

Prestige Group enters in to 7 acres JV Deal in Chennai with WS Industries

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1 year(s) ago

Prestige Group and WS Industries Partner for IT Park in Chennai’s Emerging Tech Corridor. Prestige Group, a prominent Bengaluru-based developer, has joined forces with Chennai’s WS Industries to develop a major IT park on Mount-Poonamallee Road. Prestige Group enters into 7 acres JV Deal in Chennai with WS Industries to develop IT Park.

  • Project Highlights:

    • Location: 7 acres of prime land on Mount-Poonamallee Road, Chennai
    • Size: 1.1 million sq ft (nearly as big as Tidel Park, the city’s first mega tech park)
    • Project Cost: Estimated at ₹750-800 crore (including land valuation)
    • Significance: Strengthens Mount-Poonamallee Road’s position as Chennai’s third IT corridor (after OMR and Radial Road)
  • About WS Industries:

    • Established company (founded in 1962) undergoing revitalization.
    • Recently acquired land for a logistics and light engineering hub project (Sunguvarchatram).
    • Focus on infrastructure development with a promising project pipeline.
  • Quote:

    • Nagarajan Seyyadurai, Chairman of WS Industries, expressed enthusiasm about the partnership and its potential to create a landmark development in Chennai’s growing IT hub (Porur).

This joint venture signifies a strategic move by both companies. Prestige Group leverages its expertise in developing large-scale IT parks, while WS Industries benefits from their established presence in Chennai.

The project is poised to be a significant addition to Chennai’s IT infrastructure and contribute to the growth of the Mount-Poonamallee Road area as a major tech hub.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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