ASCENDAS india trust ANNUAL REPORT 2014/15
4 Development Performance
ITPC was conceptualised as a ‘plug-and-play’ concept and is equipped with such features to provide a complete lifestyle
environment with value-added amenities. Some of these features include:
• Food courts, 100% power back-up, Wi-Fi/broadband connectivity.
• Large floor plates for efficient space usage and layout, central air-conditioning.
• State-of-the-art fire and security systems centrally controlled and monitored building management systems, and
a pharmacy.
• Lush landscaping with fountains adds aesthetic appeal to the property.
• In addition, round-the-clock in-house maintenance teams and qualified project management teams are available to
oversee all requirements such as general maintenance and fit-out requirements of the tenants.
5 SWOT Analysis
Strengths
• The project is located in the IT Corridor, which is a prominent and established IT/ITES location.
• The project is integrated with retail amenities and food court.
• ITPC is located close to the MRTS stations and thus connected by rail to the downtown locations
in central Chennai and the southern suburbs – an advantage enjoyed by few projects on OMR.
Weaknesses
• Lack of vacant land for further expansion.
Opportunities
• It enjoys proximity to residential catchment areas of Adayar, Perungudi, Thiruvanmiyur and
Velachery. OMR is also witnessing high supply of residential apartments.
• With the current tenant mix, the subject property may attract high profile tenants.
Threats
• Competition from upcoming IT/ITES supply in the micro-market and from other IT/ITES SEZs in
the city.
6 Outlook
In terms of IT/ITES office space, OMR continues to remain a favoured destination, with most of the absorption expected
before the Perungudi toll plaza because of easier and more cost-effective commuting. There will be greater demand for
Grade A office spaces along the corridor, since there is a severe dearth of high quality office buildings in the central areas.
As a result of this demand, rentals in the micro-market (suburban OMR) is expected to see upward pressure.
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I T P C : P r o p e r t y A n a l y s i s
