Ascendas-Singbridge Group acquires 12-acre site in Chennai for new IT park

The land parcel has a development potential of 2.3 million sq ft, of which 1.10 million sq ft of Grade A business space will be offered in the first phase

Ascendas-Singbridge Group, an urban development and business space solutions provider, has acquired a 12.2-acre land parcel in Chennai for its new International Tech Park, the company said in an announcement on Thursday. It did not divulge details of the value of the land deal or the overall project.

The land parcel, acquired from GSquare Group, is located on the Pallavaram–Thoraipakkam Road (also known as Radial Road), which connects the two IT corridors Old Mahabalipuram Road and Grand Southern Trunk Road. The company said that the new project it is setting up is named International Tech Park Chennai–Radial Road. 

The land parcel, which