Spain-based IndiaLand Group has collaborated with four leading MNCs to facilitate their expansion in India's tech parks in Pune and Coimbatore. In Pune's IndiaLand Global Tech Park, US-based Regal Rexnord and Atlas Copco secure grade-one office spaces, while in Coimbatore's IndiaLand Tech Park, German multinational Bosch and US-based Cotiviti secure floor spaces. The eco-friendly properties align with green real estate practices and are set to become hubs for innovation. Expected to be operational by mid-2024, these developments highlight India's potential as a global business hub and contributor to economic growth. IndiaLand Group aims to set benchmarks in commercial real estate with sustainable infrastructure.
Spain-based real estate company IndiaLand Group has forged a partnership with four prominent multinational corporations to facilitate their expansion in India. This collaboration focuses on securing grade-A office spaces within prominent tech parks located in Pune and Coimbatore.
In Pune, the IndiaLand Global Tech Park in Hinjewadi has been chosen as the site for expansion by US-based Regal Rexnord and Swedish multinational Atlas Copco. With a sprawling area of approximately 5 million square feet, this tech park boasts sustainable features and state-of-the-art infrastructure, reflecting the vibrant tech ecosystem of Pune.
Meanwhile, in Coimbatore, the IndiaLand Tech Park will welcome German engineering giant Bosch and US-based health tech firm Cotiviti. This park, spanning approximately 1.1 million square feet, is meant to become a focal point for innovation among multiple MNCs.
These developments align with projections indicating a 40% increase in demand for advanced IT park space, driven by continued growth in India's tech sector. The eco-friendly commercial properties have been meticulously designed to meet the unique requirements of these multinational corporations, in line with the growing trend of green real estate practices.
Anticipated to commence operations in the first half of 2024, these offices are expected to significantly contribute to India's commercial real estate landscape. Moreover, they underscore India's potential to emerge as a global business hub, bolstering the nation's economic growth and employment opportunities.
IndiaLand Group is also gearing up to launch its IndiaLand Tech Park Tower D, aiming to establish a benchmark in the Indian commercial real estate market. With the Indian commercial real estate market projected to reach a value of USD 8.36 trillion by 2028, the company remains focused on offering sustainable infrastructure and modern amenities to foster growth for commercial entities in the tech space.
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