Chennai's Porur Office Campus Sold for a Whopping Rs 2,550 Crore
A major property deal in Chennai sees the 2.4 million sqft LEED Platinum-rated office campus in Porur sold for Rs 2,550 crore to Prime Offices Fund (PRIME), a commercial real estate fund managed by Nuvama Asset Management and Cushman & Wakefield Management Private Limited (NCW).
Real EstateChennaiOffice CampusPorurTech FirmsReal EstateSep 26, 2025
The campus is a LEED Platinum-rated, fully leased development that houses global capability centres and leading tech firms. Located along one of Chennai’s most sought-after office corridors, it offers modern infrastructure, campus-style amenities, and good connectivity to nearby residential and commercial hubs. The sale underscores the growing importance of Chennai as a hub for global tech companies and the attractiveness of the Porur micro-market.
“This second acquisition under PRIME is a strong validation of our strategy,” said Gaurav Puri, chief investment officer at NCW. “Chennai continues to attract global companies, and Porur is a micro-market with strong long-term growth potential.” The campus’s LEED Platinum rating and its fully leased status make it a highly attractive investment for PRIME.
The sale of the campus also highlights the robust real estate market in Chennai, particularly in areas like Porur, which are seeing a surge in demand from tech firms and global capability centres. The modern infrastructure and amenities of the campus, combined with its strategic location, make it an ideal choice for companies looking to establish a strong presence in the city.
Nuvama Asset Management and Cushman & Wakefield Management Private Limited (NCW) have a proven track record in managing and growing commercial real estate investments. The acquisition of the Porur campus is expected to further strengthen PRIME’s portfolio and position in the market. The deal is a testament to the confidence investors have in the long-term potential of the Chennai real estate market and the Porur micro-market in particular.
As the tech and real estate sectors continue to grow in Chennai, the Porur office campus is likely to remain a key asset for PRIME and a hub for innovation and growth in the region. The acquisition not only solidifies PRIME’s position in the market but also sets a benchmark for future property deals in the city.
Frequently Asked Questions
What is the significance of the LEED Platinum rating for the office campus?
The LEED Platinum rating is a prestigious certification that indicates the office campus meets the highest standards of sustainability and environmental performance. It ensures that the building is energy-efficient, uses resources responsibly, and provides a healthy work environment.
Who are the buyers of the Porur office campus?
The buyers of the Porur office campus are Prime Offices Fund (PRIME), a commercial real estate fund managed by Nuvama Asset Management and Cushman & Wakefield Management Private Limited (NCW).
What is the size of the office campus sold in Porur?
The office campus sold in Porur is 2.4 million square feet in size.
What does the acquisition mean for the Porur micro-market?
The acquisition of the Porur office campus by PRIME highlights the strong long-term growth potential of the Porur micro-market. It is likely to attract more global companies and further boost the local real estate market.
How does this deal impact the Chennai real estate market?
This deal reinforces the confidence investors have in the Chennai real estate market, particularly in the Porur area. It is expected to stimulate further investment and development in the region, making Chennai an even more attractive location for tech companies and global capability centres.
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