CapitaLand has begun construction of its first phase of a 23.3-acre IT park in Chennai, India. ITPC, Radial Road has 4.6 million square feet of development potential for premium class A office space.
Vinamra Srivastava, CEO, business parks, at CapitaLand India, said, “Chennai is one of our key markets for growth. It is the most diversified market for us in India, and we have invested in IT parks, industrial townships, warehousing and lodging in the city. With both operational CapitaLand IT parks in Chennai — ITPC at Taramani and CyberVale — fully occupied, our ITPC, Radial Road will offer more options for IT and IT-enabled services [ITeS] companies to expand their businesses in the city. We will continue to balance our growth across key markets in India as we look to increase our assets under ma
