ASCENDAS india trust ANNUAL REPORT 2014/15
6 Competition Analysis – OMR (continued)
Some of the prominent commercial developments in the micro-market include:
Building Name
Developer
Year of
Completion
Completed
Area
(sq ft)
Vacancy
4Q 2014
Quoted
Rentals
( /sq ft/month)
Main
Occupiers
Ramanujan
IT SEZ
Tata Realty and
Infrastructure Ltd
2011
onwards
3,274,000
5%
75
TCS, Cognizant,
HP, Mindtree,
Citibank,
Astrazeneca
RMZ Millennia
RMZ Corp
2005-2008 2,219,220
0%
45
(last transacted)
Ford, Caterpillar,
Shell, HP
SP Info City
(Ph 1 & 2)
Shapoorji
& Pallonji
2009, 2014 1,810,000
4%
55
Amazon, Saksoft,
Citibank, HSBC
Tidel Park
TIDCO & ELCOT
2000
1,296,000
10%
44
TCS, Ajuba,
iNautix
Chennai One SEZ IG3 Infra
Limited
2006
1,200,000
2%
50
Tata Consultancy
Services, HCL,
Wipro, Siemens,
Polaris
Prince Info City II
Prince
Foundations
2005
693,000
18%
45
IBM,
Tata Teleservices,
3i Infotech,
Thinksoft
Global Services
AKDR Tech Park
Ceebros
2009
204,000
17%
35
Ajuba, 3Edge
Solutions,
Finatel
Technologies
Source: C&W Research
Details of the upcoming projects along OMR are as follows:
Project
Developer
Location
Total Leasable
Area (sq ft)
Chennai One Phase II
IG3 Infra
Thoraipakkam 2,400,000
SP Info City (Block C)
Shapoorji & Pallonji
Perungudi
950,000
The Point
DivyaSree
Sholinganallur
650,000
Source: C&W Research
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C h e n n a i C omm e r c i a l M a r k e t O v e r v i e w
