DLF to start work on 1000 crore InfoPark at Infocity Bhubaneswar in April 2010; would like more space devoted to mall and multi-plexBhubaneswar- Cuttack- Puri, Business Standard, DLF, IT, Khordha, Malls, Multiplexes 2 Comments »
Following is an excerpt from a Business Standard report in sify.com.
"We had a recent review meeting on the status of DLF’s Infopark project with the company’s executive director. The real estate player is committed to kick off work on its Infopark project by April 1 this year", said Pradipta K Mohapatra, the state IT secretary.
DLF has sought some changes in the contour of the project to be developed over 54 acres near Infocity region of the city. It is keen on setting aside a greater area for non-processing facilities like shopping malls and multiplexes.
… DLF is understood to have resumed negotiations with a host of IT players- both large as well as the Small and Medium Enterprises (SMEs) for offering its IT workspace to them.
… The DLF Infopark project will be developed in three phases and it comprises an IT block, a luxury hotel, a retail chain, service apartments and recreational facilities with a total built-up space of about 5.5 million sq ft.
For setting up the luxury hotel, DLF had tied up with Hilton, an international hotel chain.
In the first phase, DLF had committed an investment of Rs 300 crore for developing an IT workspace of international standards with a built-up area of 5.7 lakh sq ft.
The first phase was scheduled to be operational within eighteen months to two years after commencement of construction work.
The Infopark project was to generate direct and indirect employment opportunities for over 40,000 people in sectors like IT and ITes (IT enabled services), retail and hospitality.