Coming up,99 IT parks in the city in a few years

Joint director,industries,Pune region,M V Bhagat,said that government provides incentives like additional floor space index (FSI) for setting up IT parks. He said that in the last three years,the industries department has given letters of intent (LOI) to 144 IT parks of which 45 have already been completed. “The other 99 are under different stages of development,” he said.

Some big names in construction like Panchshil Realty and Pride Group are among those developing these parks. Chairman-cum-managing director of Panchshil Realty,Atul Chordia,said that they are developing two IT parks in Pune,which are likely to be completed in the next two years. The investment on these two IT parks is to the tune of Rs 1,500 crore,he said. “Our market share in IT parks is nearly 38 percent and recently we completed construction of 12 IT parks,” said Chordia.

Pride Group IT park named Pride Icon is apparently ready to kick off. “The IT park at Kharadi is coming up 2.2 lakh square feet and we will give possession in the next few months. Already,many IT companies have expressed interest in the project,” said managing director,Arvind Jain.

President of the Confederation of Indian Industry (CII),Maharashtra,Satish Magar,feels the growth in IT industry is stable and it’s because talent is readily available in Pune.”

Atre said that investment in IT parks is growth-driven also because of incentives by the government. “There are a number of incentives given by the government including those on additional FSI and electricity charges and stamp duty.”