CapitaLand Investment Limited (CLI) has marked a historic milestone by launching India’s first Net Zero business park, International Tech Park Chennai, Radial Road (ITPC-Radial Road).
Key takeaways : CapitaLand Investment introduces International Tech Park Chennai, Radial Road, a groundbreaking Net Zero business park
This cutting-edge business park has received certification from the Indian Green Building Council (IGBC) for its exceptional energy efficiency, water conservation, and waste management. Here’s what you need to know about this groundbreaking development:
The Future of Work in Chennai
Located in the Heart of IT Corridors
ITPC-Radial Road spans an impressive 5 million square feet and is strategically positioned within Chennai’s burgeoning IT corridors, making it a prime location for businesses.
Upon completion, it will feature four Grade A office blocks designed to accommodate over 50,000 IT service professionals.
Phase 1 Success
Welcoming Vestas Wind Technology India
In Phase 1 of the project, the 1.3 million square feet office block has already secured a lease commitment with Vestas Wind Technology India for approximately 250,000 square feet of office space, with ongoing interest from other tenants. Phase 2 is currently under development and is set to commence operations by the second quarter of 2024.
Dignitaries Grace the Launch
Honoring the Inauguration
The launch of ITPC-Radial Road was graced by esteemed dignitaries, including the Hon’ble Chief Minister of Tamil Nadu, Thiru. M.K Stalin, Dr. T.R.B Rajaa, Minister for Industries, Investment Promotion & Commerce, Government of Tamil Nadu, Mr. T.M Anbarsan, Minister for MSME, Government of Tamil Nadu, and senior leaders from CLI. Their presence highlighted the significance of this monumental achievement.
Paving the Way for Investments
CLI’s Commitment to Tamil Nadu
Dr. T.R.B Rajaa, Minister for Industries, Investment Promotion & Commerce, Government of Tamil Nadu, expressed his delight at CapitaLand’s continued partnership with Tamil Nadu, emphasizing the region’s appeal as a globally preferred IT destination. CLI’s CEO for India, Mr. Sanjeev Dasgupta, underscored their strong commitment to the state and their plans to invest over S$500 million in the next five years across various asset classes, particularly IT parks, logistics, and data centers.
Creating New Standards
CLI’s Pioneering Role
CLI has been a key player in advancing India’s IT infrastructure and establishing new industry standards that attract both global and Indian corporations to set up operations in the country. ITPC-Radial Road showcases CLI’s commitment to innovation and sustainability, pushing the boundaries of what’s possible in the built environment.
A Sustainable Future
Beyond Net Zero Certification
ITPC-Radial Road goes beyond Net Zero certification. It is also pre-certified by IGBC as a Platinum project and has received a WELL pre-certification, focusing on enhancing the health and well-being of its occupants.
The project will utilize an intelligent Building Management System and Digital Twin Technology to optimize energy efficiency through real-time data analysis and performance monitoring.
Additionally, the business park will provide a modern office environment with a range of amenities, including a food court, coworking space, medical center, crèche, health club, convenience stores, and open collaborative spaces adorned with public art.
CapitaLand’s Remarkable Journey in India
Over 30 Years of Excellence
CapitaLand has nearly three decades of experience in India and has been at the forefront of business park development in the country.
CLI’s portfolio includes a wide range of assets, with total assets under management of S$4 billion in India, spanning seven major cities.
In Chennai, CLI’s portfolio features two business parks, an industrial facility, two logistics and warehouse facilities, two serviced residences, and an upcoming data center.
In Summary:
- CapitaLand Investment Limited (CLI) has launched India’s first Net Zero business park, International Tech Park Chennai, Radial Road (ITPC-Radial Road), certified by the Indian Green Building Council (IGBC).
- ITPC-Radial Road is strategically located in Chennai’s fast-growing IT corridors, offering four Grade A office blocks to house over 50,000 IT professionals.
- Phase 1 has already secured a lease commitment with Vestas Wind Technology India, and Phase 2 is set to commence operations in Q2 2024.
- The inauguration event was attended by dignitaries including the Chief Minister of Tamil Nadu and various government officials.
- CLI plans to invest over S$500 million in Chennai over the next five years, contributing to the state’s infrastructure and business growth.
- ITPC-Radial Road goes beyond Net Zero certification, aiming for Platinum certification and WELL pre-certification for occupant well-being.
- CapitaLand has a long-standing presence in India, managing a diverse portfolio of assets across seven cities.
CLI is leading the way in sustainable and innovative business park development in India, setting new standards for the future of work.
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