IT Parks in Chennai
In the world of ready-to-serve attitude most of the software development companies are looking for the infrastructure built-in facilities to meet the needs of the business.
This has meant immense business potential for commercial space with built-in infrastructure to make the most of the conditions prevailing which would not be understatement to say that “Make hay when Sun shines”.
This has resulted in huge infrastructure complexes in the old Mahabalipuram Road (OMR) especially in the sprawling areas of wasteland which has virtually overnight turned into gold mines with the advent of IT development; of course it would not be an exaggeration to say so as Tamilnadu Industrial Development Corporation (TIDCO) has played a vital role by initially setting up miniature version of the IT parks - ELNET software city and then followed with a more improved version of the IT Park in the form of TIDEL Park – phases, TICEL Park and which culminated with the Siruseri IT Park near kelambakkam from the TIDCO. Also came the investment from the private sector from RMZ Millennia , Ascendas IT Park , Olympia Tech Park , Mahindra Tech Park who has come big complexes to meet the demands.
Lot of the software companies have moved away from the city to such IT parks due to economic advantages granted by the government in the development. These parks are a step towards to the suburban development which in turn leads to reduce the congestion of the city traffic. Let us take a closer look at the advantage that are in offer to them – Tax Holidays for a certain length of time for the companies , exemption in the form of all kind of taxes to name a few – Custom Duty , Excise Duty , Service Tax , Sales Tax. It also encouraged more companies to buy land and also build their complexes which will suit the need of the company rather than occupying the IT parks developed to meet the needs.
When Elnet software city had come up in the 1990’s it looked as if this concept - IT Park would not be sellout in this part of the world, but when TIDCO came up with a more advanced version in conjunction with the city’s one of the leading architect. It was a clear winner and set the trend for more of the similar nature and some of them came up with their own to suit their business needs. With the advent of the economic advantage that the government was then giving for wooing more and more of them to jump into this kind of the suburban development seemed to be the order of the day.
Initially lot of companies came into the IT complexes and occupied the built-in infrastructure and used up all the facilities. Then there was a school of thought that believed that even though all the facilities were available, they would want to have their own. It meant that more complexes were on anvil and resulting in the fact that the large sized companies moved into their own and lesser ones used these complexes with all the facilities.
With this evolvement of the thought came the conversion of the wasteland into complex of IT Offices in the OMR. Also with the government coming up with a lot of SOPs for this activity led to fast paced development of the IT corridor alongside the OMR.
Till date numerous offices have their own buildings in the OMR, from the heavy rentals they were used to paying in the city center into their own assets which has added a lot of value to the present. To name a few - TCS has three offices in this road and each one varying in the number of storeys from 3 to 8. RMZ Millennia is occupied by Cognizant in two full buildings and other has Aviva Life Insurance for having their back office operations. TIDEL Park – is occupied by HCL, iNautix to just name a few. Ascendas is occupied by predominantly ITES Companies like Ajuba, Caterpillar & Others. Nittany ITES, Indus Software solutions are occupying in private building. Sterling Technopolis is occupied by HCL in over 6 Floors. First Source Infotech is occupying a full building consisting of 7 floors are into BPO for the service of major clients like Duestche Bank and others. 3i Infotech has its own building and has 6 floors near Thoraipakkam formerly known an ICICI Infotech. On the 100 Feet Road from Thoraipakkam to Pallavaram at the Pallikaranai Junction Cognizant has office in two wings with 6 floors and next to it Jasmin Infotech who has their own building here. Further on the OMR , in Karapakkam there is the division of TCS – RTBU better known as Retail Trading Business Unit over 5 floors in two wings. Further at some distance Photon Infotech has built up their own space in 4 floors next to which Satyam has its office complex in a row type of 3 sections each of them having two wings and consisting of 6 floors, followed by a sprawling building of Infosys which has two buildings with 6 floors in each. Accenture has its own building which is consisting of 2 wings and each of them has 5 floors. At Navalore near Kelambakkam Polaris has its own building in two phases each of them having two wings and six floors in each wing. Next to which Scope International – Division of Standard Chartered Bank to handle the back end operations has its own building which consists of 8 floors in 2 wings, Cognizant has another office located in this area in 2 buildings of 6 floors each.
The above information of the office complex is just an illustration of the fact that the number of offices that have spread in OMR alone and does not cover other offices that have developed in Ambattur , Guindy and other areas where such office complex has become an essential commodity in the fast track IT business world. This is just an indication of the kind of the offices that have made their presence felt in the area, all the information that have been collected , congregated are a mere detail to the fact that so much of development of the IT parks in the area. The data presented is subject to change from the time it is collected to the time it is being published and data presented is presentation of the structure and not the details given in the article.
With government sops and the IT industry requirement of such complexes this is just the beginning of the next stage of suburban development in this sector. This is propensity of the sector it could realize in the next couple of years which will reach the peak of the suburban development.
This has meant immense business potential for commercial space with built-in infrastructure to make the most of the conditions prevailing which would not be understatement to say that “Make hay when Sun shines”.
This has resulted in huge infrastructure complexes in the old Mahabalipuram Road (OMR) especially in the sprawling areas of wasteland which has virtually overnight turned into gold mines with the advent of IT development; of course it would not be an exaggeration to say so as Tamilnadu Industrial Development Corporation (TIDCO) has played a vital role by initially setting up miniature version of the IT parks - ELNET software city and then followed with a more improved version of the IT Park in the form of TIDEL Park – phases, TICEL Park and which culminated with the Siruseri IT Park near kelambakkam from the TIDCO. Also came the investment from the private sector from RMZ Millennia , Ascendas IT Park , Olympia Tech Park , Mahindra Tech Park who has come big complexes to meet the demands.
Lot of the software companies have moved away from the city to such IT parks due to economic advantages granted by the government in the development. These parks are a step towards to the suburban development which in turn leads to reduce the congestion of the city traffic. Let us take a closer look at the advantage that are in offer to them – Tax Holidays for a certain length of time for the companies , exemption in the form of all kind of taxes to name a few – Custom Duty , Excise Duty , Service Tax , Sales Tax. It also encouraged more companies to buy land and also build their complexes which will suit the need of the company rather than occupying the IT parks developed to meet the needs.
When Elnet software city had come up in the 1990’s it looked as if this concept - IT Park would not be sellout in this part of the world, but when TIDCO came up with a more advanced version in conjunction with the city’s one of the leading architect. It was a clear winner and set the trend for more of the similar nature and some of them came up with their own to suit their business needs. With the advent of the economic advantage that the government was then giving for wooing more and more of them to jump into this kind of the suburban development seemed to be the order of the day.
Initially lot of companies came into the IT complexes and occupied the built-in infrastructure and used up all the facilities. Then there was a school of thought that believed that even though all the facilities were available, they would want to have their own. It meant that more complexes were on anvil and resulting in the fact that the large sized companies moved into their own and lesser ones used these complexes with all the facilities.
With this evolvement of the thought came the conversion of the wasteland into complex of IT Offices in the OMR. Also with the government coming up with a lot of SOPs for this activity led to fast paced development of the IT corridor alongside the OMR.
Till date numerous offices have their own buildings in the OMR, from the heavy rentals they were used to paying in the city center into their own assets which has added a lot of value to the present. To name a few - TCS has three offices in this road and each one varying in the number of storeys from 3 to 8. RMZ Millennia is occupied by Cognizant in two full buildings and other has Aviva Life Insurance for having their back office operations. TIDEL Park – is occupied by HCL, iNautix to just name a few. Ascendas is occupied by predominantly ITES Companies like Ajuba, Caterpillar & Others. Nittany ITES, Indus Software solutions are occupying in private building. Sterling Technopolis is occupied by HCL in over 6 Floors. First Source Infotech is occupying a full building consisting of 7 floors are into BPO for the service of major clients like Duestche Bank and others. 3i Infotech has its own building and has 6 floors near Thoraipakkam formerly known an ICICI Infotech. On the 100 Feet Road from Thoraipakkam to Pallavaram at the Pallikaranai Junction Cognizant has office in two wings with 6 floors and next to it Jasmin Infotech who has their own building here. Further on the OMR , in Karapakkam there is the division of TCS – RTBU better known as Retail Trading Business Unit over 5 floors in two wings. Further at some distance Photon Infotech has built up their own space in 4 floors next to which Satyam has its office complex in a row type of 3 sections each of them having two wings and consisting of 6 floors, followed by a sprawling building of Infosys which has two buildings with 6 floors in each. Accenture has its own building which is consisting of 2 wings and each of them has 5 floors. At Navalore near Kelambakkam Polaris has its own building in two phases each of them having two wings and six floors in each wing. Next to which Scope International – Division of Standard Chartered Bank to handle the back end operations has its own building which consists of 8 floors in 2 wings, Cognizant has another office located in this area in 2 buildings of 6 floors each.
The above information of the office complex is just an illustration of the fact that the number of offices that have spread in OMR alone and does not cover other offices that have developed in Ambattur , Guindy and other areas where such office complex has become an essential commodity in the fast track IT business world. This is just an indication of the kind of the offices that have made their presence felt in the area, all the information that have been collected , congregated are a mere detail to the fact that so much of development of the IT parks in the area. The data presented is subject to change from the time it is collected to the time it is being published and data presented is presentation of the structure and not the details given in the article.
With government sops and the IT industry requirement of such complexes this is just the beginning of the next stage of suburban development in this sector. This is propensity of the sector it could realize in the next couple of years which will reach the peak of the suburban development.
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