SPR Group signs Rs 5,500 cr MoU with Tamil Nadu

It has committed to invest Rs 5500 cr over the next seven years across Chennai, including in the development of an integrated township, Market of India, spread across 65 acres at Binny Mills, Perambur.

The SPR City Project will comprise India’s largest multi-commodity wholesale trade centre - Market of India, residential towers, world class School, Mall and Office buildings. The project is expected to generate over 1.33 lakh employment opportunities both direct and indirect. Spread over 5.5 million sq ft, 3 million sq ft is planned towards shopping area and around 2.5 million sq ft will be dedicated to infrastructure, warehousing and parking.

The multi-commodity wholesale trade centre, Market of India, will include more than 5,000 shops and 300 retail outlets with world class infrastructure, warehousing, logistics supply and trade ecosystem. Of the above total 5000 shops, around 1500 traders have already signed Expression of Interest.

Hitesh P Kawad, MD, SPR Group said SPR Group is committed to the promotion and development of the state. The integrated township will serve as a wholesale gateway to India and South Asia. Market of India has been conceived and developed post careful study of similar projects across the China and Other Asian Countries. We have taken the best and most positive aspects of these projects and customised them to an Indian context for the success and longevity of the project.

Located just 4 km from Chennai Central, Egmore and Parrys, the residential-cum-commercial project will aim to solve various problems such as congestion and infrastructure issues in Sowcarpet, George Town, Parrys, Ritchie and other market areas. Market of India once fully operational will offer cost effective land solutions at just 1/4th the prevailing market price.