TARAMANI | Ramanujan IT City l U/C

[arunmani]

you cannot compare home food to hotel/hostel food.
I studed in gct 91-95. I liked the food and was happy about it. Just to keep it interesting our mess reps would change the name of usual dishes to something interesting. eg. Rava onion pulav (uppma)

[iaafosc]

Originally Posted by Cosmicbliss

yup good idea...infact...i feel every single station on that line should be adopted by an IT major.... at least the maintenance aspect...i'm sure there have been prior discussions about this on this forum .....if the government needs to improve Chennai's image.....then we first need to improve the state of our mrts/suburban stations.....and let god save the Metro stations....

its the government's job to maintain the stations, not private players.[/QUOTE]

ya ...and look how beautifully they're maintaining it...it's nice to bicker about the inefficiencies of the government ...but if one wishes change then alternative options/systems need to be looked into....

[kannan infratech]

X Posted (Indians Unite)

http://www.skyscrapercity.com/showpo...postcount=8750

[murlee]

So sad that they changed that awesome design... Now, it is kinda normal.

[madrasi7777]

If they had stuck to the renders then this building could have taken the cake from India Land building in Ambattur.

Originally Posted by kannan infratech

X Posted (Indians Unite)

http://www.skyscrapercity.com/showpo...postcount=8750

[karkal]

Mistry to launch real estate fund in Singapore

By Yassir A Pitalwalla Jan 28 2013 , Mumbai

To unlock Tata Realty investment in IT parks and road projects

The $100 billion Tata group, now headed by real estate and construction baron Cyrus Mistry, plans to float a real estate investment trust or a business trust in Singapore.

The idea is to unlock a closely held subsidiary’s investment in projects such as IT parks, malls and roads already built or under construction assets such as IT parks, malls and road projects.

The subsidiary, Tata Realty & Infrastructure (TRIL), also intends to buy some smaller IT parks in India.

“We plan to float a real estate investment trust (REIT) in Singapore which will pool our completed IT parks… The REIT will helps us unlock capital from built and leased out assets and re-deploy it for infrastructure projects such as the Mumbai trans-harbour link which we have bid for,” a top official of the subsidiary told Financial Chronicle.

For the Mumbai harbour link, TRIL has formed an equal partnership with the Italy-headquartered, ¤8 billion Atlantia, one of the world’s largest operators of motorway infrastructure, and the ¤36.95 billion Vinci of France, a big construction company.

If the consortium manages to win the Mumbai bid, the planned REIT will help fund the equity contribution required for the project without a big cash infusion from Tata Sons, the parent firm.

The IT parks include Chennai’s Ramanujam IT special economic zone (SEZ) which plans a processing zone of 3.5 million sq ft of built-up area and a non-processing zone consisting of Cambridge Green a high-end residential enclave, a retail mall, service apartments and an international convention centre.

In March 2011, the company purchased a 700,000 sq ft greenfield IT park from Kotak India Real Estate Fund I for Rs 525 crore. It also plans to build a 600,000 sq ft IT park in Bangalore.

At the Ramanujam IT city 1.2 million sq ft of space has already been leased out to firms including HCL, Cognizant and TCS. In all 2.8 million sq ft will be ready for occupation by March.

Besides, the company plans to build mixed-use 1.3 million sq ft of space for retail and residential use, the Tata Centre in Bangalore, and is in the process of acquiring three toll road projects at a cost of Rs 600 crore.

“We are evaluating whether to float an REIT or a business trust in Singapore. A business trust will allow us to have a mix of both completed and leased assets as well as under development assets. An REIT can only be for completed assets such as toll roads and leased office space,” said the TRIL official.

If the company goes in for a business trust it could potentially fold in its 700,000 sq ft Trilium mall in Amritsar; the under construction Tritvam residential complex in Kochi and Capital Height, its 10 acre integrated residential and retail complex.

It also plans to pool in its subsidiary TRIL Roads that has been awarded the Rs 1,371 crore project of four-laning a 110 km stretch of the Pune-Solapur highway.

“We will take a call on which of the two routes to adopt depending on the valuation and advice from merchant bankers,” said the TRIL official. The business trust will target investors who are keen to have a rental base and a development play that generates capital appreciation albeit at a slightly higher risk of project execution.

The REIT, on the other hand, will target investors such as sovereign wealth funds and pension funds interested in a steady rental income.

ypitalwalla@mydigitalfc.com

[murlee]

2.2.4. TRIL Info-park Limited

TIDCO and the Consortium led by
M/s. Tata Realty and Infrastructure Limited
are jointly implementing the IT-ITES
Special Economic Zone with an Integrated
International Convention Centre with all
supporting infrastructure in 25.27 acres of
land at Taramani, Chennai.

A total of 34 lakh sq.ft. of built-up
space is being constructed in the Processing
Zone. The first two blocks of 6.5 lakh sq.ft.
each have been completed and fully leased
out.

The largest third block comprising 14
lakh sq. ft. and the last block comprising 7
lakh sq. ft. are scheduled to be completed
and handed over for fit outs shortly.

The work relating to construction of additional
IT space by another 11 lakh sq.ft. (apart
from present 34 lakh sq.ft.) has started.


Construction of convention centre will also
be taken up during the year and the entire
project is expected to be completed by the
end of 2014.

In total, 4.5M sqft of quality IT space at such a superb location..

[chennaidesi]

No apartments or serviced apartments coming there.
Also what happen to conference center etc.

Also what happened to one more block of 25 acres, initially dlf was interested, but because of rail track in between that area was not cleared for SEZ but now the sez rule changed, it says even 10 acres will be given SEZ, so is there any chance for DLF or TATA?

[arunv]

Why this appartment inside Tata is not happening ?

[H Factor]

Originally Posted by murlee

In total, 4.5M sqft of quality IT space at such a superb location..

4.5Mn office space in this location and that too an SEZ is good for Chennai IT. On a conservative estimate, post 4.5M completion around 45000 employees will be working from this place. OMR will have 3 business districts:

Top- Madhya kailash till Toll: Around 110000

TRIL- 45000
Tidel- 10000
Ascendas-20000
RMZ/SP info-30000
TVH/Prince etc- 5000

Middle: Post toll till Sholinganallur= 80,000

ELCOT SEZ Wipro (20K), HCL (20k), CTS (20K), Satyam (5k)= 65000
Tecci park, Accenture, TCS offices etc= 15000

Tail: Siruseri IT park, Infosys= 65000

TCS- 25000
CTS- 20000
Hexaware, Syntel iGate etc= 10000
Infy= 5000
TCS= 5000

With lot of minor IT parks, OMR alone will have 3 lakhs. (which is like 1 million upper middle class population).

[satishanu]

^ great post..thanks

[chennaidesi]

How about Guindy to manapakkam stretch.

With Alandur station and St thomas mount hub becoming operational I think Guindy is a very ideal place for office(IT and Non IT) and also lot of guindy estate building space can be used to construct class A space and not expensive also. Do you guys think Guindy is good for office ,but also now the old HTL land is going to be made as apartments by VGN builders do you guys think this apartments will occupy more prime space in guindy.
Also back side(or to one side) of guindy race course there are roads leading to Velachery near checkpost called race course road they are very nice looking and they are ideal for residential use. Any thoughts?

[chennaidesi]

Also 20 more acres of land available near Tidel where DLF park was supposed to come didnt material due to train track with sez now since sez can be in 10 acres many might be interested.