The Hindu Business Line : The V Phase 5 by March next

Ascendas (India) Pvt Ltd is planning to complete the Phase V of its IT space venture `The V' in Hyderabad by March 2007. The 13-storeyed building would offer a space of 6.50 lakh sq ft, Mr Jonathan Yap, Chief Executive Officer, said.

Addressing a press conference here on Wednesday, he said the new phase, which would offer the companies the `last mile bandwidth too, would have a six-levelled parking space.

The 20-acre fully occupied facility offered a space of one million sq ft, housing 7,500 "highly-skilled IT pros". On the company's expansion plans, he said the company could expand the Rs 1,000-crore fund it launched in September last to develop IT space in India. "It could go well up to Rs 2,000 crore in the next few years," he said.

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