DLF Cybercity to invest Rs 500 crores for Phase III expansion, in Chennai

DLF Cybercity, which commenced operations in 2007, on May 10, 2017, announced the expansion of Phase III of its SEZ in Chennai, covering 1.6 million sq ft, a company statement said.
Reaffirming the company’s commitment to Chennai, DLF announces the planned readiness of Phase III of the Special Economic Zone (SEZ) in Mount Poonamalle Road, Manapakkam, it said.
“DLF Cybercity has commenced the construction of three new blocks, totalling 1.6 million sq ft, with investments of approximately Rs 500 crore”, the statement said.
“With the launch of Phase III, we promise to further enrich our customers by providing them intelligent workspace, at par with the best in the world”, DLF Offices’ director, Amit Grover said.
“Phase III development will add 1.6 million sq ft of premium office space and contribute approximately Rs 134 crores annually in earnings to DLF”, he said. The construction activities, once completed, would make the campus one of the largest operational projects in Chennai, with a total area of 7.2 million sq ft, it added.
By: Housing.com/news