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Our Bureau

Bangalore , May 16

Ascendas India announced its IT Parks fund would double to Rs 2,000 crore in the next five years.

The IT infrastructure provider also announced it would double its portfolio to four million square feet over the next 18 months.

Announcing its development plans for International Tech Park Bangalore (ITPB), the company said a sum of Rs 150 crore would be invested in building and infrastructure in ITPB. Its sixth building there, covering 4,00,000 sq. ft, would be complete by September. Another Built-to-suit building covering 4,50,000 square feet land would be completed by September 7, informed Mr Jonathan Yap, Chief Executive Officer, Ascendas India.

He also said the firm was leasing four acres of land within ITPB to Taj Hotels. The 200-room hotel would be complete by next year.

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