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India Land to invest Rs 375 cr in Chennai IT park

Our Bureau

Chennai , Sept. 27

India Land and Properties Ltd, which is part of Americorp — an international real estate investment, development and management company, will invest Rs 375 crore to set up a 2.5 million sq ft Information Technology Park in Chennai.

The project called `Chennai Tech Park' is coming up in 10 acres at Ambattur Industrial Estate on the western outskirts of Chennai.

Mr Salai Kumaran, Director and Chief Operating Officer, India Land and Properties Ltd, said that the project is scheduled to be completed by March 2007.

He said that the building's energy efficiency and eco-friendly features would match Gold Rated Green Building norms.

The building will have 17 floors, including three levels in the basement.

India Land has roped in British architect Ms Zaha Hadid, a Pritzker Prize winner 2004, for the project. The resident architects are the Chennai-based Cheralathan Associates. Buro Engineers of Singapore and Shapoorji Pallonji are the structural consultants and construction contractors respectively.

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