A leading sustainable urban development and business space solutions provider, Ascendas-Singbridge Group announced the acquisition of a 12.20-acre land parcel in Chennai to build a new IT park. Acquired from GSquare Group, the land is strategically located on an upcoming IT corridor that is connected to Old Mahabalipuram Road and Grand Southern Trunk Road — the two existing major IT corridors in the southern city. The location provides easy access to several main roads as well as the international airport, residential catchments, educational institutions and hospitals.
The proposed International Tech Park Chennai will have a total development potential of 2.3 million square feet and will have all supporting amenities that are a trademark of Ascendas-Singbridge Group’s IT parks in India. The first phase will offer approximately 1.1 million square feet of Grade A business space. Construction is expected to commence shortly. Part of the group’s iconic International Tech Park brand, this park will be its sixth property in Chennai.