Chennai Tech Park to be completed by end-2007

Chennai Tech Park, the first IT park in the country to be promoted by 100
percent FDI route would be complete and operational by end-2007.

Disclosing this to the media, S Salai Kumaran, Director and COO, 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 Signature tower would be completed in two phases-first one would be
ready by March and the whole project will be completed by end 2007,” he said.

Kumaran claimed that it would be an '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 users
comfort and high-energy efficiency.

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