L&T Realty has proposed an IT Park. The project site is at Malumichampatti Village, Kovai in Coimbatore, Tamil Nadu. The construction work began in 2022 with an estimated budget of INR 465 crores. They planned the project timeline over 5 years, with the completion date set for 2027. As of March 2022, the company has submitted a project for environmental clearance, and it is in the initial stage of approval.
KEY PROJECT SPECIFICATIONS:
The concept behind this IT Park is to promote scientific and technological developments undertaken by various companies housed within the premises. This IT Park complex encourages co-working and supports innovation, which leads to the social and economic development of the employees, as well as the residents of Coimbatore. Once operational, this IT Park will be one of Coimbatore’s most sought after office locations.
The project spreads over an area of 4 acres and has a proposed built-up area of 18,49,595 sq. ft. The commercial complex includes two 12-storey buildings with a capacity of 8,000 occupants in each building. Incorporating a sewage treatment plant and rainwater harvesting promotes environmental and economic sustainability.
| Project Name | L&T IT Park, Coimbatore |
| Name of the Developer | L&T Realty |
| Location | Coimbatore, Tamil Nadu |
| Building Use | Commercial |
| Building Category | IT Park |
| Year of Commencement | 2022 |
| Year of Completion | 2027 |
| Latitude | 17° 47′ 39.93″ N |
| Longitude | 83° 22′ 0.552″ E |
| Plot Area (in acres) | 4 acres |
| Total Construction Area (in sq. ft) | 18,49,595 sq. ft. |
| Total Project Cost | INR 465 crores |
ABOUT THE COMPANY
Established in 2011, L&T Realty is the real estate arm of Larsen and Toubro and a trendsetter amidst real estate developers in India. With an extensive portfolio spanning 6.50 million square metres (i.e., 70 million sq. ft) across residential, commercial and retail developments, the company is currently present in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad, and Chennai. Through design innovation and operational excellence, L&T Realty provides customer delight at every touchpoint. The business has built a reputation for standing by its promises and embracing the power of digitisation and new technologies into its core strategy for growth.
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Disclaimer: The information contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is only for illustration purposes and does not in any way represent the project. If you wish the article to be removed or edited, please send an email to editor@biltrax.com
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