CapitaLand, Singapore based diversified real estate group, has commenced construction for the first phase of the International Tech Park Chennai (ITPC), Radial Road in Chennai. Located along Chennai’s IT corridor, 9.3ha IT park has 4.6 million sq ft of development potential for premium Grade A office space.
ITPC has been pre-certified with a Platinum rating by the Indian Green Building Council. Phase 1 will comprise two buildings offering 2.6 million sq ft of premium Grade A office space for IT and ITeS companies. The first and second blocks will be operational by Q4 2022 and Q2 2024 respectively. When fully developed, it will have amenities such as restaurants, food courts, fitness centre, clinic, childcare centre and event spaces.
The project is accessible by several main roads and is well-connected to Chennai International Airport. It is also located close to residential properties, educational institutions and hospitals. The park is conceptualised to have sustainable and resilient design solutions with focus on safety, health, wellness, and technology integration such as contactless features and app-based solutions among others.
Dr C Velan, City Head, Chennai Operations, CapitaLand India, said: “ Designed with green features to achieve water and energy efficiencies such as the 75% naturally lit office spaces as well as luscious landscape complementing Chennai’s weather and ecosystem, it will be a draw as tenants are increasingly placing sustainability as a top priority.”
ITPC, Radial Road is CapitaLand India’s third IT park and eighth property in Chennai. The other properties are ITPC at Taramani, which is a joint venture with Tamil Nadu Industrial Development Corporation; CyberVale, an IT Special Economic Zone in Mahindra World City; OneHub Chennai, a 1,250-acre integrated industrial township on Old Mahabalipuram Road (OMR), two logistics and warehouse facilities at Oragadam and Periyapalayam; and two lodging properties, Somerset Greenways Chennai and Citadines OMR Chennai.