First phase of FinTech City in Nandambakkam likely to be opened in Jan. 2026

The first phase of FinTech City at Nandambakkam is likely to be inaugurated in January 2026, Industries Minister T.R.B. Rajaa said.

“Chennai has been the FinTech capital of India for the longest time. We see FinTech City as the start of a new phase for Chennai in BFSI (Banking, Financial Services, and Insurance) and FinTech,” he said during the groundbreaking ceremony of a new project, ‘The Cube’, at the FinTech City.

Axis Commercial Real Estate Fund (Axis CRE Fund), in collaboration with Tishman Speyer, is developing ‘The Cube’ — a Grade-A office space of approximately 4,00,000 sq.ft.

Once operational, the building will cater to the growing demand for premium commercial spaces for companies operating in the BFSI segment in the city.

Axis CRE Fund bagged one of the first two plots through auction. This is the first investment from the Axis Commercial Real Estate Fund, Category II AIF.

This is the first private project to be taken up at the FinTech City, said Sandeep Nanduri, Managing Director of TIDCO.

He also pointed out that the Government of Tamil Nadu has spent ₹85 crore to develop roads, infrastructure, and water facilities at the FinTech City.

The standout feature of this project is its transformation of what was once a flood-prone zone into a fully protected, flood-resilient space. “We’ve built comprehensive flood-proof infrastructure, including a dedicated protective wall,” Mr. Nanduri said.

“Chennai has consistently demonstrated strong fundamentals — robust infrastructure, skilled talent pool, and a progressive industrial ecosystem — which make it an ideal location for Grade-A commercial spaces,” B Gopkumar, MD and CEO, Axis AMC, said.

Parvesh Sharma, Country Head, Tishman Speyer India, added, “Chennai is emerging as one of the country’s most dynamic markets, and FinTech City represents the next frontier in the city’s commercial development.”

Both of them also pointed out that clearances for this project were given in record time.