CapitaLand begins construction on third IT park in Chennai, India

Phase 1 will comprise two buildings offering 2.6 million sqft of premium Grade A office space.

CapitaLand has started the construction of the International Tech Park Chennai in India’s Radial Road, an announcement revealed. The firm will begin on the first phase of the 23.3-acre IT park.

ITPC, Radial Road has 4.6 million sqft of development potential for premium Grade A office space. Located along Chennai’s IT corridor, ITPC, Radial Road will be developed in phases and it has been pre-certified with a Platinum rating by the Indian Green Building Council. Phase 1 will comprise two buildings offering 2.6 million sqft 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. After it becomes fully developed, it will have amenities such as restaurants, food courts, fitness centre, clinic, childcare centre and event spaces.

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.

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.

In India, CapitaLand has a portfolio of over 20 business and IT parks, industrial, lodging and logistics properties across seven cities–Bangalore, Chennai, Goa, Gurgaon, Hyderabad, Mumbai and Pune.