India Land & Properties, a part of
a global proprietary investment management company called Americorp plans to set
up a 2.5 million sq.ft (total built-up area) Chennai Tech Park at Ambattur
Industrial Estate in Tamil Nadu.
The park to spread over 10 acres of
land will entail an investment of Rs.375 crore and will be implemented in a
phased manner. The 17 floors tech park (three basements and 14 upper levels)
will have three towers - A ,B, and C with a separate utility service building,
car parking facility for about 1,400 cars, and a sewerage treatment plant.
Phase I of the project coming up on
1.4 million sq.ft is scheduled for completion by July 2007 and the final phase
by December 2007.