Ascendas-Singbridge to construct $400M IT park in India
Aug 30, 2016 – Sustainable urban and business space solutions provider Ascendas-Singbridge is set to build a $400M IT park in Gurgaon, India.
The new 60-acre International Tech Park Gurgaon (ITPG) will feature 743,000sq m of business space, as well as social amenities to meet the needs of 60,000 professionals. It will also include food courts along with banking, transport and covered parking spaces.
The first phase of the project will include two buildings offering 93,000sq m of Grade-A business space. Work on the first building is currently underway, and is expected to be complete in the fourth quarter of 2017.
Ascendas-Singbridge’s deputy group CEO Manohar Khiatani said: “ITPG will be our eighth IT Park in India and we are convinced that this development will enhance the attractiveness of the National Capital Region and help create quality jobs.”
Ascendas-Singbridge India operations CEO Sanjay Dutt said: “Gurgaon is the focal point of economic growth in NCR and second largest office market in India with significant investments made by large multinational corporations.
“With over two decades of experience in India, we will bring our best practices to ITPG and provide best-in-class business space and asset management services in Gurgaon, offering our clients an attractive business environment to operate in.”