Singapore-based business space solutions provider Ascendas-Singbridge on Saturday said it will develop an IT Park, comprising 8 million sq ft area, in Gurgaon at a project cost of $400 million.
In the first phase, the company would develop two buildings with about 1 million sq ft of Grade A office space. It would complete the first building in Phase 1 in Q4 of 2017.
“Ascendas-Singbridge today announced the unveiling of International Tech Park Gurgaon (ITPG), an integrated IT park within the upcoming business district in India's National Capital Region (NCR),” the company said in a statement.
The unveiling ceremony was graced by Singapore Deputy Prime Minister Tharman Shanmugaratnam and other dignitaries from Singapore and India. Through this project, Ascendas-Singbridge introduces its iconic International Tech Park suite of business space solutions to Gurgaon.
The 60-acre project 'ITPG' will provide 8 million sq ft of international standard business space when fully developed, complete with social amenities that can cater to an estimated 60,000 professionals.
“ITPG will mark a major development for Ascendas-Singbridge in North India with a project size of $400 million, under the Ascendas India Growth Programme,” the company said.