Rattha Group to invest Rs.17.5 bn in Chennai IT SEZ

April 24th, 2008 - 9:55 pm ICT by admin  

Chennai, April 24 (IANS) City-based Rattha Group will promote an IT special economic zone (SEZ) in Porur, west Chennai, at an investment of Rs.17.5 billion ($437.5 million). “The IT SEZ will come up on 26 acres in Porur. It will have a built-up area of 4.5 million square feet, consisting of four blocks,” group chairman H.S. Rattha told reporters Thursday.

The SEZ is designed by US-based architect firm HOK. The first phase is expected to be ready by 2009 and the whole project by 2012.

According to Velan C., CEO of Rattha infrastructure Ltd, the proposed SEZ will also have a 100-room hotel, fine dining restaurants, retail outlets and other recreation areas such as gymnasium.

“While all other IT SEZs are coming up outside Chennai, ours is the only project that is developed in the city,” he added.

He added that the SEZ buildings would comply with the green building regulations.

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