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CapitaLand Investment launches India's first net-zero business park in TN

Wednesday, 01 Nov 2023
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CapitaLand Investment (CLI) has commenced operations for Phase-I of International Tech Park Chennai, Radial Road, in the presence of Tamil Nadu Chief Minister M.K Stalin. CLI intends to invest over SGD 500 million in Chennai over the next five years across multiple asset classes. There will be a primary focus on IT parks, logistics, and data centres.

This is the first business park in India to be certified by the Indian Green Building Council (IGBC) as net-zero in the area of energy efficiency, water conservation and waste management. The five million sq. ft. business park would offer four Grade-A office blocks with the capacity to seat more than 50,000 IT service professionals. CLI hopes to further contribute to the government’s efforts in enhancing the region's infrastructure.

In Phase-I, the 1.3 million sq. ft. office block has already signed a lease commitment with Vestas Wind Technology India for about 2,50,000 sq. ft of office space.

The development of Phase-II is currently underway and set to begin operations by second quarter of 2024. Phase-I and Phase-II of ITPC-Radial Road comprising of 2.6 million sq. ft. of office space is being developed by CapitaLand Investment under the newly launched CapitaLand India Growth Fund 2 (CIGF2), towards developments across gateway cities in India.  



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