ICICI Venture and Tishman Speyer's 50:50 JV, TSI Ventures, procured an 113-acre land parcel in Chennai for development of a 4.90 mn sq ft residential township. The proposed site lies off the National Highway 4 (Chennai - Bangalore Highway) on the way to Sriperumbudur Industrial Cluster close to the Hyundai car manufacturing unit. The site has good accessibility and connectivity and is expected to be the next growth corridor in Chennai, with firm demand from IT/ITES as well as manufacturing sectors.

Land acquisition is in progress. The project is proposed to be developed in two phases, comprising of high-end villas and townships and garden apartments.