DLF Cybercity has announced to invest about Rs 500 crore for the construction initiation in phase three of its IT Special Economic Zone (SEZ) project in Chennai.
Started in 2007, the IT SEZ which is located at Mount Poonamalle Road in Manapakkam will expand about 1.6 million sq. ft. in phase three. The plan is to add three new blocks which will provide intelligent workspace to their potential clients. The new premium office is expected to complete soon and likely to contribute, according to the current market, around Rs 134 crore annually in earnings to DLF.
After the completion of phase three, the Cybercity Chennai IT SEZ will become one of the largest operational projects in the city with a total office space of 7.2 million sq. ft., confirms Amit Grover, Director, DLF.
Source: ET Realty