TRICHY: Tidel Park Limited, a state-owned joint venture of Tamil Nadu Industrial Development Corporation (Tidco) and Electronic Corporation of Tamil Nadu (Elcot), has floated a tender to identify a suitable consulting firm for providing design, engineering and project management consultancy for constructing a Tidel Park, a mega office space for IT and ITES companies, in Panjapur in Trichy city.
Based on a preliminary study that assessed office space demands in Trichy, the management has planned to construct two phases of premium office space with each building offering about 5.5 lakh square feet of floor space near the upcoming integrated bus terminus (IBT) complex.
Within a month, a suitable firm will be finalized and entrusted by the management to prepare a detailed proposal comprising designs, models, entire site plan and floor space patterns.
“Similar to the Tidel Park in Chennai, we are going for a mega IT park in Trichy. Not the Tidel Neo model which is usually considered for tier-II cities and towns. The consultant will be given around four months to complete the study and provide a model for commencing construction works,” an official source in Tidel Park said.
Sources added that the park, announced for Trichy in the budget session of the assembly in March, is to be expedited for capitalizing on the growing office space demand from both domestic and international companies. The consultant to be identified shall also conduct a separate market study to assess needs such as amenities, infrastructure, design and partitioning of the office floor space.
Tidel Park sources in Chennai hinted at launching the construction work by March 2024 and it will take around two years for phases I and II. Trichy corporation has already earmarked 8.9 acres of land in Panjapur on the Trichy-Madurai National Highway and the council has passed a resolution to cede the land to Tidel.
The state government has also announced an investment of Rs 600 crore for the project. Phase I of the Tidel Park in Trichy is expected to be commissioned in 2026.
Published On Sep 27, 2023 at 02:00 PM IST
Join the community of 2M+ industry professionals
Subscribe to our newsletter to get latest insights & analysis.
We provides services in the real estate market catering to residential & commercial buyers and sellers, financiers & investors. Our expert advisory will help to fulfil the requirement of our customers & associates.