DLF Cybercity Chennai (IT- SEZ) announces Phase III Completion beginning Q3, 2017
Chennai, 10th May 2017 DLF Cybercity Chennai, the largest and most successful operational project in South India, today announced Phase III completion beginning Q3, 2017 ofits IT SEZto commemorate the tenth anniversary of the DLF Cybercity Chennai.Reaffirming the company’s commitment to the city of Chennai, DLFannounces the planned readiness of phase IIIof its state-of-the-art Special Economic Zone (SEZ) in Mount Poonamalle Road, Manapakkam being ready for handover for Fit-outs beginning Q3 ‘17.Keeping in view the strong demand from both existing and new tenant opportunities, DLF Cybercity Chennai has already commenced the construction of three new blocks totaling 1.6 mlnsq. ft.with an investment of approx. Rs 500 Cr.
Speaking on the occasion Mr. Amit Grover, Director, DLF Offices said, “DLF is proud of its ten-year track record of organic and strategic growth and sustained profitability while delivering best eco system of workplace comprising a plethora of futuristic amenities.Over the last 10 years, we’ve passed one milestone after another to redefine our strategic commitment to achieve sustainable development goals for the multi-national and larger Indian company tenants at DLF Cybercity Chennai.And with the launch of Phase III we promise to further enrich our customers by providing them breakthroughintelligent workspace at par with the best in the world.”We are very delighted that DLF today provides infrastructure, operational excellence & experience for its 55 Global and Indian companies operating their software, R&D, Design and BPO Centers and 65,000 tenant associates. It is also part of the success story to help our tenant companies to contribute to export to the tune of 42,000 Cr.
Mount PoonamalleeRoad is the most strategic location in Chennai with proximity to Airport, Chennai Trade Centre, Multi-Specialty Hospitals, Hospitality, Newer Residential developments and Retail Facilities. The location is in close proximity to the major inter transit rail Hub at Alandur.
Mr. Grover further added, “DLF Cybercity Office Space is a testament of our commitment towards value creation, collaboration, well-being and happiness of our tenants and the project is been aligned with the requirement of a new age corporate address. We are firmly focused on promoting productivity and a positive work culture. We are confident that Cybercity Chennai Phase III will further strengthen our office portfolio across the country. Phase III development will add 1.6 mlnsq.ft of premium office space and contribute approximately 134 cr annually in earnings to DLF”.
The new blocks will have state-of-the-art infrastructure featuring a central plaza based on the highly successful concept of Cyberhub, Gurgaon, a 1200 seaterfood hall cum multi-cuisine food court, New Sports Hub, Crèche, Day Care, Banking & Financial Service and convenience facilities along with exclusive Health &Fitness Zone.
DLF has always been extremely responsive to the changing and evolving dynamics of the economy and has delivered optimum value for its valuable customers on the back of its strong research, development and designing pool of experts. With a total revenue earning of 1970 croresin FY 15-16 and projected earnings of 2131croresin FY 16-17, the success of DLF’s construction & rental leadershipis a testimony to the robustness of its business model. DLF SEZ Campushas been supportive to providedirect employment to about 62,729 employees and generated approximately 5,523 in-direct employment opportunities.The total dollar revenue earnings from its clientele is worth Rs 42, 405 Cr approximately.
The Indian office IT SEZ space is currently in the range of approximately 500 million square feet of grade ‘A’ space pan India and is growing at an average of 10% per year of existing asset base. With a total available market size of around 40-45 million square feet per annum pan India, Chennai has a net absorption of 5-6 mlnsq.ft and is ranked third after Bangalore (8-10mlnsq.ft) and Hyderabad (5-6 mlnsq.ft). The NCR region including Gurgaon and Noida has a net absorption of 3-4 mlnsq.ft and the figure for Mumbai stands at 4-5 mlnsq.ft.
Chennai Cybercity commenced its operations in 2007 and today stands as DLF’s second largest market for Office Development outside of Gurgaon.Strategically located inGuindy region and in close proximity of to the Airport; directly linked to the Metro, this one-of-its-kind multi-block campus development is a benchmark business destination offering world class workspace, exceptional infrastructure and facilities. The integrated technology park is coming up alongside a cohesive Sports Hub with outdoor sporting facilities like Volley Ball, Basket Ball and Exercise Zone including a 4 acres landscaped OXY zone with an aim to promote fitness & healthy environment in the workplace, where a worker today, spends about 80% of his/her awake time. The development will also feature dedicated retail, entertainment and amenities block.Construction of the USGBC Platinum LEED Certified blocks are in full swing and when completed would accommodate additional 15,000 tech worker in the campus. The Block is slated for delivery for client fit outs by Q3 2017 and operations by Q4, 2017.Once completed the campus will be the largest operational IT project in Chennai with a total area of 7.2 Mnsq.ft. This new blocks would also serve as a commemoration of the one decade of successful operations of DLF Cybercity, Chennai.
Phase I and Phase II of DLF Cybercity, Chennai today is the largest operational IT SEZ in South India. The 42 acres projectwith 10 blocksis 100% operational and occupied by top Indian & International IT companies like IBM, Cognizant, Symantec, CSC, Logica CMG, Barclays, iGate, TCS, L&T Infotech, E&Y Global, BnY Mellon, Accenture (alphabetically) and many more with employee base of over 65,000. DLF Cybercity follows a centralized core design philosophy for maximum efficiency. With a dedicated fire station for the IT park buildings and the first and only 60 meters high skylift for emergencies, DLF cyber city is the preferred IT workplace for fortune 500 and top IT/ITES companies. The prestigious workplace destination is built on international standards designed by M/s Hafeez Contractor and includes best master plan specifications such as traffic planning, rain-water harvesting, safety, oxyzone, security and sustainabilitymeasures,and amenities. Built over an area of5.6 mlnsq.ft, DLF Cybercity Chennai has been conferred with renowned awards like Sword of Honour by British Safety Council, LEED Platinum Certification (O&M) by the US Green Building Council and the Best Private SEZ in Tamil Nadu for 3 Years by the Ministry of Commerce and Industries. Following are the testimonials from the some of the prestigious clients and partners of DLF IT SEZ,Chennai:- DLF Cybercity Chennai stands testament to the fact that you can’t go wrong when you design safe, sustainable, cost effective and flexible workspaces that are occupier- centric. – Ramesh Nair, CEO & Country head, JLL India
We, petrofac Engineering Services, were the first company to begin operations in DLF Cybercity Chennaiten years ago, We have taken our growthjourney with DLF Chennai team from a 3 people to a 20,000 people office. We must say that the entire facility including the operations and maintenance team of DLF Chennai are extremely cooperative. The safety and security measures adopted here and the environment in and around the facility are managed brilliantly by the DLF team. We have our offices all over the world but our office in DLF Chennai is one of the best and most admired by our corporate leaders. –KRSR Krishna, Vice President, Petrofac International Limited
DLF CybercityChennai is a world class, occupier –centric office eco-sphere. Our best wishes for completing 10 years and 10 continued success. – Anshul Jain, Managing Director, Cushman & Wakefield
We have been operating from DLF Cybercity Chennai for almost years now and are very delighted with the overall support that the DLF team provides. In terms of location and accessibility. It is very convenient to our employees and its world-class facilities and infrastructure always excite our customers. –SrinivasanAlagarswamy, Managing Director, Solartis Technology Services
About DLF Offices:
DLF is the preferred IT workspace developer for Fortune 500 and Top IT/ITES Companies like IBM, Accenture, Barclays, TCS, Google, Genpact, GE, Citibank, Cognizant. Today, DLF boasts of satisfied IT/ITES clients operating their Global back offices, Off-shoring centers, R&D centers in our 27 mlnsq.ftof workspaces spread over key locations like New Delhi, Gurgaon, Chennai, Hyderabad, Kolkata and Chandigarh.
DLF’s IT Parks / IT SEZs and office complexes are at par with the biggest and the best of the world, reflecting the best of engineering, development, construction practices and maintenance of the new generation workplaces. DLF, the largest real estate company in India, has always met its clients’ business needs and requirements on time through its construction capabilities, deliverables and facility maintenance standards. With approximately 15mln sq. ft. of IT / ITES SEZ operational space and with our PAN India SEZ development plan, we are en route building an upgraded India.
