Investing Rs 5,000 cr in Tamil Nadu in phases: DLF CEO

DLF, in a joint venture with TIDCO, is developing a new-age commercial project, DLF Downtown Taramani.

DLF Downtown Taramani is being developed as a multi-block campus development spread over 27 acres to its full potential with wide internal roads, and inter-connected office blocks at the podium level and a host of retail amenities.

The project is strategically located on the Taramani Business Corridor which has been built over time under the aegis of TIDCO. It has emerged as the preferred location for Fortune 500, Global & Indian MNC’s.

DLF Offices has approximately 32 million square feet of best in class Commercial/ IT/ SEZ workspaces spread across Delhi NCR, Chennai, Hyderabad, Kolkata and Chandigarh with another 20 million square feet of commercial space under development and implementation in Chennai, Hyderabad and Gurugram.

The TN government has implemented result-oriented strategies for improving governance and ease of doing business in the state which is reflective in some of its achievements. The state has topped the ‘Good Governance’ index according to data released by the Department of Administrative Reforms and Grievances, Government of India. It is these reforms that have encouraged companies like DLF to continue investing in the state and growing its presence.

DLF has been present in Chennai for the last 15 years. Its landmark development DLF Cybercity Chennai in Manapakkam is the largest IT SEZ in the state and has contributed a cumulative export revenue of Rs 66,000 crore since its inception.

Mohit Gujral, CEO, DLF Ltd, said, “Tamil Nadu has always been a destination of choice for corporates and MNCs due to its talent pool and favourable business environment. We are investing Rs 5,000 crores in phases for developing our fourth project - DLF Downtown, Taramani in Chennai.”

The company will commence construction of 2.5 million sq feet of built-up area in the first phase and is expected to finish the entire development on a fast-track basis. The subsequent phases will be developed over time, he said.

He also added, “DLF has always been at the forefront of creating futuristic sustainable workspaces.”