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International Tech Park Pune Wins Commercial Property of the Year at The Realty Plus Excellence Awards 2014 (West)


August 25, 2014 - Mumbai, Maharashtra, India

Leading business space solutions provider, Ascendas Group is pleased to announce that the International Tech Park Pune (“ITPP”) won the Commercial Property of the Year at the at the Realty Plus Excellence Award 2014 (West). 
 
ITPP, Ascendas Group’s first IT Park in Maharashtra, developed as a joint venture with the Maharashtra Industrial Development Corporation (“MIDC”) is located in the third Phase of Rajiv Gandhi Infotech Park, Hinjewadi, Pune. The 25-acre IT SEZ project is designed to provide a complete ‘work & play’ environment for IT and technology-related businesses.

 

Mr Lee Fu Nyap, CEO Ascendas India Operations said, “Ascendas is proud to partner with MIDC to develop a world-class business address that will attract talent and offer an international business lifestyle that has become the trademark of Ascendas business space. This award will further encourage us to showcase the best features of our parks around Asia and set new benchmarks in Maharashtra’s already vibrant business space arena.”
 
Adjudged by an eminent panel of judges, the award was conferred on ITPP for demonstrating excellence at a conceptual, development and delivery level. ITPP’s Phase 1 “Cedar’ building that is fully operational offers 660,000 sq ft of business space is LEED India “Gold” pre-certified and enjoys 100% commitment from an eminent IT solutions company.

About International Tech Park Pune,

An Ascendas IT Park with MIDC International Tech Park Pune (ITPP), developed and managed by Ascendas in association with MIDC is designed to provide a complete ‘work & play’ environment for IT and technology-related businesses. ITPP is located within the 3rd Phase of the Rajiv Gandhi Infotech Park, Hinjewadi, Pune a designated Special Economic Zone (SEZ). In close proximity to the Pune-Mumbai Expressway, ITPP is easily accessible from Pune city centre, railway station and the airport.

To be developed in five phases, ITPP will offer 2.2 million sq ft of premium office space when fully completed. The 660,000 sq ft Phase 1 ‘Cedar’ building is already complete with 100% commitment from a leading IT solutions company. The Phase 2 building offering 620,000 sq ft of space is expected to be completed by early 2016.

Set amidst lush landscaping, with a panoramic view of the hills of Deccan plateau, ITPP is an ideal business environment where creativity and ideas can bloom. Besides lushly landscaped environments, the parks will be replete with amenities including retail space, F&B outlets, sports arena, banks and ATMs, transportation facilities and comprehensive security management system. A dedicated Ascendas team will manage all real estate needs, so that the clients can focus on their business.
 
About Ascendas Group www.ascendas.com

Ascendas is Asia’s leading provider of business space solutions with more than 30 years of experience. Based in Singapore, Ascendas has built a strong regional presence and serves a global clientele of over 2,700 customers in 26 cities across 10 countries including Singapore, China, India, South Korea and Vietnam.

Ascendas specialises in masterplanning, developing, managing and marketing IT parks, industrial & logistics parks, business parks, science parks, hi-specs facilities, office and retail spaces. Leveraging on its track record and experience, Ascendas has introduced new business space concepts such as integrated communities and solutions which seamlessly combine high-quality business, lifestyle, retail and hospitality spaces to create conducive human-centric work-live-play-learn environments. Its flagship projects include the Singapore Science Park and Changi City at Changi Business Park in Singapore, International Tech Park Bangalore in India and Ascendas-Xinsu in Suzhou Industrial Park, China. Ascendas provides end-to-end real estate solutions, assisting companies across the entire real estate process.

In November 2002, Ascendas launched Singapore’s first business space trust, Ascendas Real Estate Investment Trust (A-REIT), and in August 2007, Ascendas India Trust (a-iTrust) was listed as the first Indian property trust in Asia. In July 2012, Ascendas listed Ascendas Hospitality Trust (A-HTRUST), which comprises a portfolio of quality hotels in Australia, China, Japan and Singapore. Besides managing listed real estate funds, Ascendas also manages a series of private funds with commercial and industrial assets across Asia. 

Photo Caption: International Tech Park Pune

Source: Business Wire India

BusinessWireIndia

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