Singapore-based business space solutions provider Ascendas-Singbridge  said it will develop an IT Park, comprising 8 million sq ft area, in Gurgaon at a project cost of USD 400 million. In the first phase, the company would develop two buildings with about 1 million sq ft of Grade A office space. It would complete the first building in Phase 1 in Q4 of 2017.

• The unveiling ceremony was graced by Singapore Deputy Prime Minister Tharman Shanmugaratnam and other dignitaries from Singapore and India. Through this project, Ascendas-Singbridge introduces its iconic International Tech Park suite of business space solutions to Gurgaon.

• Ascendas-Singbridge  announced the unveiling of International Tech Park Gurgaon (ITPG), an integrated IT park within the upcoming business district in Indias National Capital Region (NCR).

• The 60-acre project ITPG will provide 8 million sq ft of international standard business space when fully developed, complete with social amenities that can cater to an estimated 60,000 professionals.

• “ITPG will mark a major development for Ascendas-Singbridge in North India with a project size of USD 400 million, under the Ascendas India Growth Programme,” the company said.  The programme, which invests in business space developments in India, was established in 2013, with Singapores sovereign wealth fund GIC as a principal investor.

• Ascendas-Singbridge India CEO Sanjay Dutt said Gurgaon is the focal point of economic growth in NCR and second largest office market in India with significant investments made by large multinational corporations.Ascendas-Singbridge has projects in 29 cities across 10 countries in Asia, including Australia, China, India, Indonesia, Singapore and South Korea.