Chennai’s office market is entering an interesting phase. Demand for Grade-A office space is rising, while vacancy in prime office buildings has fallen below 10%.

GCCs, IT companies and other businesses are looking for quality office space, putting pressure on available supply.

This is where Mount Poonamallee Road becomes important.

A new office corridor taking shape

The stretch covering Nandambakkam, Manapakkam and Porur already has major commercial developments. It is now seeing more large-scale projects, potentially adding millions of square feet of office space.

The growing number of existing and upcoming developments is further strengthening office supply in the region. This is expected to significantly improve availability and support future demand.

RMZ Infinity, Porur

One of the biggest upcoming developments is RMZ Infinity in Porur, a large-scale commercial project expected to significantly strengthen Chennai’s western office corridor.

• RMZ Infinity spans ~2.97 million sq ft, positioned as a Grade-A office hub targeting GCCs, IT firms, and large enterprises.
• Located on the Porur–Mount Poonamallee Road corridor, an emerging alternative to OMR with improving connectivity and lower congestion.
• Tata Projects (Aug 2026) was awarded the civil construction contract by RMZ Infinity to execute works for four commercial towers.

The development is expected to feature modern office specifications, integrated amenities, and sustainability-focused design elements, aligning with the growing demand for large, consolidated office campuses in Chennai.

ASV Husainy Tech Park, Manapakkam

ASV Husainy Tech Park (Manapakkam) is a Grade-A IT/ITeS development in a fast-emerging micro-market near Guindy, Porur, and the Chennai airport corridor.

• Designed for mid-to-large companies looking for flexible office space in a well-connected city location.
• Phase 1: ~1 million sq ft of modern office space with open, flexible floor layouts and strong corporate-level facilities.
• Future expansion potential: up to 4 million sq ft, allowing the project to grow in stages over time.
• The project is expected to see steady leasing as Chennai’s office demand increases, especially from IT companies and Global Capability Centres (GCCs) shifting beyond the OMR corridor.

L&T is also building a major workplace ecosystem

L&T Innovation Campus spans 40 acres on Mount Poonamallee Road.

• Phase I is already developed and operational, comprising 2 towers with approximately 1.05 million sq ft of leasable space.
• The full campus is planned to scale up to a potential 6.5 million sq ft.
• It is being developed as a mixed-use project, extending beyond just office spaces.
• Planned amenities include food courts, retail outlets, a gym, and a creche.
• The broader ecosystem also incorporates residential development.
• Avinya Enclave (Manapakkam) serves as the residential component associated with the campus.
• Overall, the development is expected to accommodate and support 50,000+ professionals.

Fintech City adds another dimension

The growth is not limited to IT.

At Nandambakkam, the Tamil Nadu Industrial Development Corporation (TIDCO) is developing a 56-acre Fintech City aimed at bringing together banks, financial institutions, NBFCs and fintech companies.

TIDCO’s 56-acre Fintech City includes the upcoming Fintech Tower, which is another major commercial development in the corridor.

• Fintech Tower (Nandambakkam) is an ongoing TIDCO project
• Planned size: ~5.5 lakh sq ft built-up area
• Facility management/tendering work is already in progress (2026 records)
• Expected impact:
  • Adds to the corridor’s commercial ecosystem
  • Diversifies occupiers beyond IT
  • Strengthens mix of IT, GCCs, engineering, BFSI, and fintech sectors

Why this matters for Chennai real estate

The timing is important.

ICRA says the Mount Poonamallee Road micro-market is already one of the major contributors to Chennai’s Grade-A office supply, along with Tharamani and Perungudi. It also expects vacancy to remain relatively low because of strong absorption and limited fresh supply.

More offices mean more employees. More employees can create demand for rental housing, apartments, restaurants, retail, hotels, schools and other services around the corridor.

Connectivity could further strengthen the trend, particularly as Chennai’s metro network expands across the western and southwestern parts of the city.

From IT corridor to mixed-use business district?

Mount Poonamallee Road may therefore be entering a new phase.

With RMZ Infinity, ASV Husainy Tech Park, L&T Innovation Campus, Fintech City and existing office developments already forming a cluster, the corridor could gradually evolve from a road connecting different parts of Chennai into a major employment and commercial destination.

For Chennai’s real estate market, the bigger question is not simply how much office space is being built.

It is whether this concentration of jobs, offices and infrastructure will create the next major residential and commercial growth zone in the city.

The answer could increasingly point towards Mount Poonamallee Road.

Conclusion: A New Office Destination Taking Shape

With rising GCC demand and several large developments already operational or underway, Mount-Poonamallee Road is steadily emerging as an important office destination in Chennai. Projects such as RMZ Infinity, ASV Husainy Tech Park, L&T Innovation Campus and Fintech City are set to add significant office capacity and help bridge the gap between demand and supply.

For companies looking for the right location, this growing corridor offers an opportunity to plan ahead, secure suitable office space and build for future expansion.

From identifying the right location and building to negotiating leases and managing fit-outs, professional guidance from Verified.RealEstate Corporate team  can help occupiers move smoothly from footprint planning to handover.

FinTech City in Nandambakkam is Tamil Nadu’s flagship 56-acre financial technology cluster developed by TIDCO to host banks, fintech firms, GCCs and digital financial services companies. Designed as a world-class business district, it features Grade-A office spaces, the government-built 5.5-lakh sq ft FinTech Tower, plug-and-play infrastructure, single-window approvals, high-speed digital connectivity and seamless access to the airport and Chennai Trade Centre—positioning it as one of India’s most strategic fintech ecosystems.

The Cube: A Landmark Development in Chennai’s FinTech City

The Cube is a prominent Grade-A commercial office tower being developed by Axis Commercial Real Estate Fund (Axis CRE Fund) in collaboration with global real estate leader Tishman Speyer. Located within the rapidly evolving FinTech City at Nandambakkam, it becomes the first-ever private commercial development in this government-planned fintech hub.

Built on a 1.5-acre plot acquired through a TIDCO-managed transparent bidding process, The Cube is positioned to attract BFSI, fintech and Global Capability Centre (GCC) tenants seeking high-quality workspaces in a central Chennai location.

Location: The Heart of Chennai’s FinTech Future

The Cube is located inside FinTech City, Nandambakkam, next to the Chennai Trade Centre and minutes away from:

• Chennai Airport
• Kathipara & Guindy Business District
• Mount-Poonamallee Road
  This central location gives BFSI(Banking, Financial Services & Insurance) and fintech companies access to talent, transit and world-class digital infrastructure within a future-ready business ecosystem.

Project Scale & Specifications

• Total Built-up Area: ~4,00,000 sq ft
• Building Configuration: Ground + 10 floors
• Project Cost: ~₹280 crore
• Land Area: 1.5 acres
• Developer: Axis CRE Fund
• Development Manager: Tishman Speyer
• Target Occupiers: BFSI, fintech, GCCs, banks, financial services

Designed as a sustainable Grade-A office, The Cube is expected to incorporate global workspace standards that Tishman Speyer is known for.

Why The Cube Is a Big Deal for Chennai

• First private office tower inside FinTech City
• Government’s FinTech Tower (5.5 lakh sq ft) next door
• Marks a strong partnership between TN Govt, Axis AMC & Tishman Speyer
• Strengthens Chennai’s position as a national fintech & BFSI hub
• Expected to catalyse high-quality job creation and institutional investment
• Positioned as a central alternative to OMR for premium office tenants

Development Timeline

• June 2024: Axis CRE Fund closed at ~₹550 crore
• Aug 2024: FinTech City land parcel awarded
• Nov 2025: Bhoomi Pooja & groundbreaking
• 2028: Expected completion

TIDCO’s FinTech Tower: The Government’s Anchor Project in FinTech City

Alongside private developments like The Cube, the Government of Tamil Nadu—through TIDCO (Tamil Nadu Industrial Development Corporation)—is developing the state-of-the-art FinTech Tower, the anchor facility inside FinTech City. This tower is designed to host fintech companies, BFSI institutions, startups and innovation labs, creating a complete financial technology ecosystem. With modern workspace standards, digital infrastructure and government-led support systems, the FinTech Tower forms the institutional backbone of Chennai’s emerging fintech district.

Key Specifications of the TIDCO FinTech Tower

• Total Built-up Area: ~5.5 lakh sq ft
• Building Configuration: Ground + 10 floors
• Land Area: ~2.26 acres
• Estimated Project Cost: ~₹240 crore
• Developer: TIDCO (Tamil Nadu Industrial Development Corporation)
• Purpose: To host fintech companies, BFSI institutions, startups, accelerators and innovation centres
• Location: Inside FinTech City, Nandambakkam, adjacent to The Cube’s private development zone
• Completion / Opening: Expected inauguration in January 2026
• Amenities Planned:
  • Plug-and-play office spaces
  • High-speed digital backbone
  • Incubation and co-working zones
  • Conference and training facilities
  • Parking and green-certified building design
• Strategic Role: Acts as the core government-built anchor attracting fintech firms and enabling rapid ecosystem scaling