Panchshil Realty to invest Rs 1,000 crore to develop IT Park in Indore
INDORE
: A Pune-based realty company has taken up space on the Super Corridor in Indore to develop an Information Technology (IT) Park with an investment of Rs 1,000 crore.
The facility is expected to generate about 10,000 jobs in the tech sector.
"This is our first investment outside the state of Maharashtra. We are putting up a million sq ft of IT Park on Super Corridor. This facility will generate about 10,000 jobs and be a boost for the state. We are focused to get GCC companies," said Atul Chordia, chairman,
Panchshil Realty
on the sidelines of an event.
The proposed IT Park will give space to occupants on 10-15 years long lease and eye investment from GCC firms.
The Pune headquartered realty firm has delivered more than 32 million sq ft of IT Park in Pune which has generated more than 6 lakh jobs.
"We wanted to step out of Maharashtra and got to know about the presence of some large companies in Indore. The plan is to put up a world class facility in Indore and then rent it out to large IT companies on minimum 10-15 years lease. This has been our business model back in Maharashtra," said Chordia.
The realty firm has around 500 clients as their occupants in the Pune facility.
The firm has delivered 21.49 million sq.ft. across more than 25 office parks and data centres, and another 24.45 million sq.ft. is under-development. The facility houses multinational companies and GCCs like HSBC, Citi Bank, EY, Credit Suisse, IBM, Mastercard and Hyundai.
"The MP govt has been instrumental in creating an investor-friendly ecosystem, and their commitment to promoting growth is evident in every step of our journey. MP's contribution to India's services sector is immense, and as we continue to grow, we are also committed to providing skills to underprivileged youth in the IT sector," said Chordia.
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