CREDAI Chennai Hosts Member Interaction with Port City Colombo
Chennai, September 25, 2026: CREDAI Chennai hosted an interaction between its members and representatives of Port City Colombo to introduce the multi-billion-dollar project’s development framework to real estate developers and allied industry professionals. Given Chennai’s geographical proximity and commercial ties with Sri Lanka, the event aimed to help local developers explore potential engagement in construction, design, and regional real estate development.
Members engaged directly with representatives to assess market opportunities aligned with their respective business priorities. The session was attended by CREDAI Chennai office bearers, developer members, industry representatives, and officials from Port City Colombo.
A.R. Rahul Nadh, Member Secretary, Chennai Metropolitan Development Authority (CMDA), attended as the distinguished guest and delivered a special address. He said, “Chennai is evolving rapidly in terms of scale, infrastructure, investment and urban growth, and our planning and regulatory systems must evolve alongside it. CMDA is undergoing a major transformation, including the introduction of SPEED – Single Platform for Efficient Expedited Development, an AI-enabled online planning approval system that will create an integrated digital ecosystem bringing together CMDA, DTCP, urban and rural local bodies and NOC-issuing departments. Alongside this, the formulation of the Master Plan for the expanded Chennai Metropolitan Area and the ongoing evolution of the Tamil Nadu Combined Development and Building Rules will help create a planning framework that is clear, contemporary and predictable”.
Addressing the gathering, Mehul H. Doshi, President, CREDAI Chennai, said: “Our objective was to showcase Port City Colombo to our members and government officials. It has a great master plan and since the Tamilnadu government is considering establishing an AI city, this can serve as a good model for the same. The interaction enabled members to obtain relevant information directly and independently assess whether any of the opportunities align with their respective business interests. Chennai and Colombo share longstanding geographical and commercial ties, and such interactions can contribute to greater professional engagement between the two cities.”
Highlighting the importance of regional collaboration, Thulci Aluwihare, Deputy Managing Director, CHEC Port City Colombo (Pvt) Ltd., said: “Chennai is a natural starting point for this conversation, given its proximity to Colombo and strong real estate ecosystem. India, and South India in particular, is an important market for Port City Colombo. This interaction with CREDAI Chennai provided an opportunity for the Indian real estate community to understand the Port City development and further strengthen cross border investment ties. We look forward to continuing this dialogue and exploring areas of mutual interest.”
