Tata Realty and Infrastructure Limited (TRIL), a subsidiary of Tata Sons, has announced that it will set up an IT Special Economic Zone (SEZ), costing Rs 3,500 crore, in Chennai.
This state-of-the-art commercial-cum-residential project, named Ramanujan IT City, will be constructed over an area of 26 acres of land along Old Mahabalipuram Road at Taramani in Chennai.
The Ramanujan IT City is being promoted by TRIL Infopark, a joint venture between the Tata Realty and Infrastructure Limited, the Tamil Nadu Industrial Development Corporation (TIDCO), and Indian Hotels Company.
A press release from the Tata Realty and Infrastructure Limited said that the premium residential community of the project – called Cambridge Greens – will be ready to be occupied by the middle of 2011.
The project is a tribute to Srinivasa Ramanujan, the legendary mathematician, from the Tata Group, the Tata Realty and Infrastructure Limited said.
The Special Economic Zone will house duly notified IT/ITeS companies, residential apartments, serviced apartments, an international convention centre, malls, security-camera system, children’s play area, a health club, and swimming pools.
There will be, in all, 150 super-luxury apartments in the Ramanujan IT City – ranging from 2,000 square feet to 3,000 square feet – complete with world-class amenities as also the latest fire-detection systems.
Sanjay Ubale, CEO and managing director of Tata Realty and Infrastructure Limited, said in the press release that Chennai is an “emerging IT hub” and that the Ramanujan IT City has been planned to be built in such a way that it will be “the most sought-after property in Chennai” having excellent connectivity, concentration on social infrastructure, as well as contemporary architectural design.
Skidmore Owings and Merrill (SOM), the world-famous master-planning company based in New York, will prepare the master-plan of the Ramanujan IT City’s residential portion, according to Sanjay Ubale.