Chennai's tallest tower with a height of 161 metre is going be developed by the Mumbai-based developer House of Hiranandani. The same will also be South India's tallest tower.
The building will consist of 245 apartments and is going to come up at the developer's 120-acre township on Chennai's IT expressway.
Named as 'Anchorage' the tower will leave behind Bengaluru's Mantri Pinnacle and Hyderabad's Lodha Towers in term of height.
Founder & MD, house of Hiranandani, Surendra Hiranandani said, “This particular building will be a total project value of about Rs 375 crores, and it will be funded internally. We are a zero debt company, and we are confident that we will be able to build it well."
Leaving Anchorage aside, the developer also plans to add 2.5 million of residential footprint in Chennai, Hyderabad and Bengaluru by 2018. They are also planning to commence commercial projects on the southern turfs.
"We have a very good commercial property segment in the Mumbai Metropolitan Region (MMR), a significant presence there. And we want to take this presence to Pune, Bangalore and Chennai," added Hiranandani.
House of Hiranandani is planning to complete Anchorage in a time period of around 60-months.