Ascendas-Singbridge to build IT park
Singapore-based business space solutions provider Ascendas-Singbridge has announced that it will develop an International Tech Park Gurugram (ITPG), comprising eight million square feet area, at a project cost of USD 400 million. The company would develop two buildings with about one million square feet of Grade A office space. It would complete the first building in Phase-I in Q4 of 2017.
Sanjay Dutt, CEO, India Operations, Ascendas-Singbridge India commented, “Gurugram is the focal point of economic growth in NCR and second largest office market in India with significant investments made by large multinational corporations. With over two decades of experience in India, we will bring our best practices to ITPG and provide best-in-class business space and asset management services in Gurugram, offering our clients an attractive business environment to operate in.”