Chennai Tech Park to be completed by end-2007

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. Source: DQ Channels