Axis CRE Fund and Tishman Speyer Break Ground on Grade-A Office Project at FinTech City, Chennai

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Chennai | 27 November 2025: Axis Commercial Real Estate Fund (Axis CRE Fund), in partnership with global real estate leader Tishman Speyer, has officially broken ground on “The Cube,” a Grade-A office development at FinTech City, Nandambakkam, a state-of-the-art business district created by TIDCO. Axis CRE Fund secured one of the first two plots through an auction process.

Axis CRE Fund and Tishman Speyer Break Ground on Grade-A Office Project at FinTech City, Chennai

The ceremony was attended by key dignitaries including Dr. T.R.B. Rajaa, Minister for Industries; Mr. T M Anbarasan, Minister for MSME; Mr. Arun Roy, Industries Secretary; and Mr. Sandeep Nanduri, MD, TIDCO. From the project partners, Mr. B Gopkumar, MD & CEO, Axis AMC, and Mr. Parvesh Sharma, Country Head, Tishman Speyer India, were present.


The partnership aims to develop 400,000 sq. ft. of premium office space, strengthening Chennai’s position as a growing commercial hub and meeting rising demand for modern workspaces, especially in the BFSI sector.

Mr. B Gopkumar highlighted Tamil Nadu’s strong infrastructure, talent pool, and conducive business environment, noting Chennai’s appeal for Grade-A commercial development.

Dr. T.R.B. Rajaa emphasized that The Cube showcases Tamil Nadu’s capability to build world-class infrastructure and marks a significant step in Chennai’s ambitions in BFSI and FinTech.

Mr. Parvesh Sharma added that the project is a key milestone for Tishman Speyer in India and reflects their commitment to developing sustainable, innovative office environments.

This marks the first investment of the Axis CRE Fund (Category II AIF), which focuses on development-phase commercial real estate across major Indian markets through a strategic alliance with Tishman Speyer.

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