Tamil Nadu Industrial Development Corporation Limited (TIDCO) has announced the e-auction of developed vacant plots in Fintech City, located in Nandambakkam, Chennai. The auction is for two adjacent land parcels, totalling 3 acres, in the master-planned development of Fintech City’s south phase. The land is proposed to be used for development of BFSI/Fintech-related GCCs.
Fintech City, spanning 111.4 acres, represents a strategic investment of ₹12,000 crore, aiming to create 150,000 jobs upon full operation. With its mix of residential, commercial, and hospitality developments, including a convention and hotel complex, and a central park, this greenfield city is a hub of modern infrastructure and immense possibilities.
TIDCO has invited BFSI and Fintech companies, GCCs and real estate developers (end usage for BFSI/Fintech companies) to participate in this e-auction. The plots on offer, S15 and S16, each 1.5 acres, are part of a multiple-use zone suitable for office, residential, and hospitality developments, with no further reclassification required. The land is encumbrance-free, with a 99-year lease period, and all clearances will be processed through a single-window system.
