Work on the final phase of the Ramanujan IT City, the Rs 3,000-crore IT SEZ in Chennai, has begun with the construction of serviced apartments and a convention centre..
Being developed by Tata’s Tril Infopark Ltd with 4.5 million sq ft of leasable space, about 3.1 million sq ft has been let out. The rest is under construction and will be ready in the first quarter of 2015, according to C. Velan, Executive Director and COO, Tril Infopark.
The size and scale sinks in as we walk the length of buildings, stretching over 750 metres — the length of over seven football fields — lined with covered walkways, fountains and greenery.
The total built-up area, including the 100-unit serviced apartment to be managed by Taj Vivanta, will be over 7 million sq ft.
Located at Taramani, the Ramanujan IT City dwarfs the Tidel Park, the one million sq ft IT building that initiated the concept of an IT corridor in the State in 2000.
As of now, over 18,000 employees work in the 15 companies that have taken up space at the IT City, and in six months the number is set to double. At full capacity, a couple of dozen IT companies will employ over 45,000 IT professionals.
Some of the largest domestic and multinational players including HP, Cognizant Technology Solutions, Tata Consultancy Services, Mindtree, Cisco and Pershing, the affiliate of Bank of New York Mellon have taken up space.
HP and CTS have taken over entire towers and one of the two towers coming up will house TCS, points out Velan, to emphasise that the 25-acre Ramanujan IT City will be home to large scale tenants.
Tril Infopark is ahead of the market in leasing out space at about Rs 65 a sq. ft a month, and agreements can go up to Rs 70 for space that is coming.
A portion of the 30MW of power the building will need will be generated from renewable sources.
Tril Infopark has entered into a group captive arrangement to tie up for 5 MW of wind power and is setting up over 750 KW of solar power on its roof top.
Ramanujan IT City is set to get LEED Gold certification as a green building for its environment friendly measures, he said.