Tamil Nadu to Form SPV for Co-Working Hub Network

13 Aug 2025 CW Team

The decision was finalised at a meeting involving the Chennai Metropolitan Development Authority (CMDA), the special projects department, and the urban development department. Officials said the Chief Minister stressed that all 30 proposed co-working hubs must function continuously without being hindered by bureaucratic changes.

At present, the only operational centre in Kolathur is jointly managed by the CMDA and Greater Chennai Corporation (GCC). “This arrangement is not sustainable long term, as changes in officials can cause coordination and funding issues. The SPV will be structured like Chennai Metro Rail Limited (CMRL), Chennai Unified Metropolitan Transport Authority (CUMTA), and the Smart City Mission,” an official said.

Alongside running the centres, the SPV will also launch a recruitment facilitation programme. CMDA member-secretary G. Prakash said job agencies, including leading firms, will be invited to operate on-site or virtually from the hubs to connect employers with job seekers.

“Agencies will conduct interviews, vet profiles, and promote the centres as credible job placement forums. This system will be rolled out within months of forming the SPV,” he said. A dedicated online portal will carry job listings, recruitment camp details, and related information, while professionals using the hubs can voluntarily share their profiles for inclusion in the recruitment network.

The Kolathur centre currently sees about 100 daily visitors, with numbers expected to rise sharply once the remaining 29 hubs open. The placement service will be free, with the SPV acting as a bridge between companies, startups, and candidates.

The government believes the SPV will provide financial stability, efficient management, and consistent service delivery, while turning the co-working spaces into hubs for employment generation and skill development across Chennai.

The Tamil Nadu government will set up a Special Purpose Vehicle (SPV) to manage its planned network of co-working spaces under the Chief Minister’s project, ensuring uninterrupted operations regardless of changes in administration. The SPV will operate as a private company with its own CEO, funded directly by the state and vested with executive powers.The decision was finalised at a meeting involving the Chennai Metropolitan Development Authority (CMDA), the special projects department, and the urban development department. Officials said the Chief Minister stressed that all 30 proposed co-working hubs must function continuously without being hindered by bureaucratic changes.At present, the only operational centre in Kolathur is jointly managed by the CMDA and Greater Chennai Corporation (GCC). “This arrangement is not sustainable long term, as changes in officials can cause coordination and funding issues. The SPV will be structured like Chennai Metro Rail Limited (CMRL), Chennai Unified Metropolitan Transport Authority (CUMTA), and the Smart City Mission,” an official said.Alongside running the centres, the SPV will also launch a recruitment facilitation programme. CMDA member-secretary G. Prakash said job agencies, including leading firms, will be invited to operate on-site or virtually from the hubs to connect employers with job seekers.“Agencies will conduct interviews, vet profiles, and promote the centres as credible job placement forums. This system will be rolled out within months of forming the SPV,” he said. A dedicated online portal will carry job listings, recruitment camp details, and related information, while professionals using the hubs can voluntarily share their profiles for inclusion in the recruitment network.The Kolathur centre currently sees about 100 daily visitors, with numbers expected to rise sharply once the remaining 29 hubs open. The placement service will be free, with the SPV acting as a bridge between companies, startups, and candidates.The government believes the SPV will provide financial stability, efficient management, and consistent service delivery, while turning the co-working spaces into hubs for employment generation and skill development across Chennai.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..