Baashyam Constructions has bought the place and will be building a residential complex, a 34-storey building in place of Crowne Plaza, according to a person aware of the development. This building could also become an iconic place for the new Chennai but the Plaza was kind of a public place which will now become a private place, he said.
KKR, a leading global investment firm, and Shriram General Insurance Company, a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals,.