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1 Introduction
OMR, also known as Rajiv Gandhi Salai, is home to a number of IT/ITES developments. Since the development of
TIDEL Park (one of the earliest developments set up through a joint venture between TIDCO
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and ELCOT
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) in 2000,
office market along the corridor has registered tremendous growth. As of 2014, OMR had a total office stock of
approximately 27.8 million sq ft. The major players in the IT/ITES arena have their own campuses while the small and
medium enterprises occupy the multi-tenanted structures. In addition to TIDEL Park, other initiatives by the government
along this corridor include the ELCOT SEZ and SIPCOT
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IT Park.
Taramani is an established IT/ITES micro-market located at the beginning of OMR. Prominent IT/ITES parks situated in this
location include Tidel Park, Ramanujan IT SEZ, International Tech Park Chennai (“ITPC”), Elnet Software City, and TICEL
Biotech Park. Taramani borders the Indian Institute of Technology, Chennai on the west. It is home to several research
labs and institutions, such as the Central Leather Research Institute, Central Electronics Engineering Research Institute,
National Environmental Engineering Research Institute, and Voluntary Health Services and the most renowned polytechnic
of Tamil Nadu, Central Polytechnic. The National Institute of Fashion Technology is also located in Taramani. Further south
along OMR, several small-scale industries and factories are located within the Vikram Sarabhai Instronics Estate.
The World Bank opened one of its largest offices in the world in Taramani to house its growing financial and technical support
services. The 120,000 sq ft facility is on a 3.5 acres plot near ITPC. The area is developing to be one of the more attractive
residential localities in Chennai. The Taramani MRTS Station and Thiruvanmiyur MRTS Station are located in close proximity
to ITPC. They are also close to the newly developed residential locality of Velachery.
Profile of ITPC
Overview
Date of Operation
Pinnacle (August 2005)
Crest (December 2007)
Zenith (December 2010)
Configuration
Total Project Area
15 acres
Development Mix
Commercial development with support retail and other amenities
Built-up Area
1,978,914 sq ft
Floor Plate Area (Approximate)
65,000 sq ft (Pinnacle), 70,000 sq ft (Crest), 70,000 sq ft (Zenith)
Number of Floors
Pinnacle (12 floors)
Crest (15 floors)
Zenith (14 floors)
E
I T P C : P r o p e r t y A n a l y s i s
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Tamil Nadu Industrial Development Corporation
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Electronics Corporation of Tamil Nadu
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State Industries Promotion Corporation of Tamil Nadu
