- Singapore’s sovereign fund GIC, is planning to invest Rs 5,000 crore to develop a 6.8 million sq ft information technology park in Chennai, making the south India city its second largest market after Gurugram.
- The project, DLF Downtown Taramani spread over 27 acre is a joint venture with Tamilnadu Industrial Development Corporation (TIDCO). The proposed development along with DLF’s existing 7 million sq ft IT park at Manapakkam will take the company’s commercial portfolio in Chennai to nearly 14 million sq ft.
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