Keppel Buys Chennai's One Paramount Tech Park for Rs.21 Bn

26 Jul 2024 CW Team

Keppel, a prominent player in real estate investments, has announced its acquisition of One Paramount Tech Park, a premier commercial property located in Chennai, for Rs.21 billion. This significant deal marks Keppel's expansion into India's burgeoning tech real estate sector.

One Paramount Tech Park, situated in the heart of Chennai's IT hub, boasts state-of-the-art infrastructure and a prime location, making it a highly coveted asset. The acquisition underscores Keppel's strategic push to strengthen its portfolio in high-growth markets and capitalise on the growing demand for high-quality commercial spaces.

The tech park spans a substantial area and is known for its modern design and eco-friendly features. It houses several leading technology and IT firms, contributing to its high occupancy rate and stable rental income.

Keppel's decision to acquire the property is aligned with its broader strategy of investing in key international markets and sectors with promising growth prospects. The firm aims to leverage its expertise in managing and developing commercial real estate to enhance the value of One Paramount Tech Park.

This transaction is also expected to benefit Chennai's commercial real estate market by adding a significant asset to its portfolio. The deal highlights Keppel's commitment to expanding its footprint in India and addressing the increasing demand for premium office spaces in the region.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..