Guindy and Manapakkam micro markets are set to witness a major growth in IT, IT SEZ and industrial sectors with a slew of projects being planned by the developer community. About five lakh sq ft of IT and 7.5 million sq ft of IT SEZ space are coming up and expected to be ready for occupation between 2016 and 2019, according to a study done by a international realty consultant.
Olympia, one of the first promoters of IT parks in Guindy, is coming up with two projects and one expansion plan at its existing IT park. Olympia MD Ajit Chordia, said his company was investing 100 crore to promote two commercial projects in Guindy, SIDCO industrial estate, spanning over 1.82 lakh sq ft. At Olympia Tech Park, an additional floor measuring 1.2 lakh sq ft was being added, he said.
Read more: Economic Times