Chandigarh-based Sukhm Infrastructures has signed an agreement with the Punjab government for putting up an integrated IT park in Mohali.

The company - a consortium of Mukesh Ambani-led Reliance group, the Dalmias, Bergruen (US), and Yellow Stone (Chandigarh-based real estate firm) will develop the park. The project to be implemented in two phases will be spread over an area of 220 acres of land.

Phase I to spread over 125 acres of land will entail an investment of Rs.925 crore and Phase II with an investment of Rs.800 crore will spread over 95 acres of land.

It is learnt that 60 per cent of the total area has been earmarked for the IT park, 30 per cent will be residential and 10 per cent is for commercial establishments. The park will have an IT tower, call centres, software development companies and IT training institutes.

Also, an IT-enabled fashion tower will come up on about four acres. The company has also approached Austrian, UK and Canadian High Commission trade consultants to promote the zone.

Work on Phase I and Phase II is likely to begin by end-December 2006 and February 2007 respectively. The entire project is scheduled for completion within three years.