Tuesday, December 9, 2008

DLF BUILDS IT PARK 'TIDEL II' IN CHENNAI


The TN government has cleared the construction major DLF's bid to build the TIDEL Park II near the existing TIDEL Park in Taramani. In a tender put up by the TIDCO (Tamil Nadu Industrial Development Corporation) for the leasing of 26.63 acre land to set up an IT & ITES SEZ, DLF emerged as the highest bidder. It had bid for Rs 26.07 crore, an acre and totally Rs 660 crore for the entire land on a 99-year lease. DLF will develop this 2.5 million sq. ft. facility in joint venture with TIDCO. This will be the second IT park developed by DLF in Chennai, the first one is at Ambattur.

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