Ascendas-Singbridge in Gurgaon

Ascendas-Singbridge in Gurgaon

Singapore’s Ascendas-Singbridge is building a US$400 million Information Technology Park at Gurgaon (ITPG) to provide eight million sq ft business space.

Phase I, with two building of one million sq ft space, will be completed by Q4 of 2017.

“ITPG will be our eighth IT park in India,” said Manohar Khiatani, Deputy Group CEO of Ascendas-Singbridge.

India and China were biggest markets for the company outside of Singapore, he stressed, adding that other big markets include Japan and South Korea.

Ascendas-Singbridge India CEO Sanjay Dutt said Gurgaon was the focal point of economic growth in NCR and second largest office market in India with significant investments made by large multinational corporations.

It has about 11 million sq. ft. of assets under management with IT Parks in Bangalore, Chennai, Hyderabad and Pune, built over two decades. fii-news.com.