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CHENNAI
SEPTEMBER 30, 2006
Chennai Tech Park, the first IT park in the country to be promoted by 100 per
cent FDI route would be complete and operational by end-2007.
Disclosing this to the media, S Salai Kumaran, director and COO of India Land
and Properties, the promoters, said that the IT Park project would be coming up
in 10 acres at Ambattur Industrial Estate, Chennai.
"It will have a total built-up space of 2.5 million sq. ft. making it
one of the largest IT park projects in India, designed specially to cater to IT
and ITES companies," he said.
Kumaran said the company, which is an Indian subsidiary of a NRI-venture
Americorp, would invest about Rs 125 crore of the Rs 375 crore for the project,
the rest of which is to be funded through bank funding.
"The two towers - Signature, would be completed in two phases, first one
which would be ready by March and the completion of the whole project will be by
end-2007," he said.
Kumaran claimed that it would be 'intelligent' building in terms of
maintenance and security. It would also be the first IT Park to have an
eco-friendly design with Gold Rated Green Building Specifications for user
comfort and high-energy efficiency. Page(s) 1
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