Wednesday, February 21, 2007

Establishing IT Park in Madurai

Rs 4,500 cr IT township in Madurai

Ancient city Madurai(Cultural Capital of Tamilnadu) would become an one of the part for Software revolution in India.

RR Industry Plans:

RR Industries a Chennai Based Company, which is in the business of creating infrastructure facilities and offering them on long-term lease to IT companies, is setting up a completely integrated township in Madurai centered on an IT Park Complex.

The facility, to be created over four to seven years (depending on the pace of absorption of the space) will include:

  • 7 million square feet of IT Park space;

  • 25,000 apartments (some for service apartments)

  • 4 shopping malls

  • 2 multiplexes

  • 2 hospitals

  • 2 hotels

  • 2 recreation clubs

  • Restaurants & cafes

  • Treatment of water supply

  • Complete treatment of waste water and garbage disposal to the highest standards

  • Special clinics for the needs of IT employee

The facility would be developed over a period of four to seven years.

The township would include seven million sq ft of IT park space, 25,000 apartments, four shopping malls, two multiplexes, two hospitals, two hotels, two recreation clubs, restaurants and cafes.

RR Industries has developed four facilities of six-lakh sq ft and is in the process of developing 2.2 milion sq feet of space in Ambattur at a project cost of Rs 510 crore.

Earlier this month, the company announced its plans to set up a flight-training academy in Chennai investing Rs 770 crore.

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