An IT firm is acquiring a plot on the Pallavaram-Thoraipakkam radial road for ₹1,020 crore.

Pallavaram Thoraipakkam Radial Road is emerging as a prominent location for global capability centers.

KLA Tencor Software India Private Limited has acquired over 12 acres of land along the Pallavaram Thoraipakkam radial road for over ₹1,020 crore, making it the largest land transaction recorded in the zone.

“The seller is an individual based in Hyderabad. A captive Global Capability Center (GCC) is expected to come on site,” said a source with knowledge of the transaction.

It was learned that CBRE was the advisor for this transaction.

Another source with knowledge of the deal said US semiconductor company KLA Corporation through its KLA India has signed a memorandum of understanding (MoU) with the Tamil Nadu government and the site could be used for the project. Earlier this year, the company signed an agreement to set up a research and development (R&D) and innovation center in Chennai with an investment of ₹3,510 crore.

The Pallavaram-Thoraipakkam radial road is emerging as a prominent location for the GCC.

GCC Corridor

A few days ago, Industries Minister Keerthana announced that a GCC corridor would be created along the road. The government chose this region as it already hosts an established IT infrastructure and serves as a critical north-south connector for the southern GCC cluster with direct connectivity to the Chennai International Airport via the Pallavaram flyover.

Published – 6 September 2026 05:00 IST