India Land Ventures Ltd (ILVL), an
associate company of Americorp Group of Spain along with KGISL, part of KG Group
of Coimbatore has launched the first phase of - India Land KGISL Tech Park
- at Saravanampatti, in Coimbatore district of Tamil Nadu.
The total project cost is estimated to
be around Rs.320 crore, in which ILVL will be investing 70 per cent of the
project cost, the rest will come from KGISL.
The first phase of the project
comprising 3.4 lakh sq.ft of floor space is expected to be ready by July 2008.
The second phase of similar size is likely to be occupied from November and the
remaining space will be operational by June 2009.