A Business ParkMarch 12, 2010
The first phase of Ambuja Group’s ‘Ecospace’ Business Park on the northeastern margin of the city, Kolkatta, i.e. in Rajarhat, was inaugurated on Wednesday September 23, 2009 in presence of Mr. Pranab Mukherjee, the FM. Yesterday, on Thursday March 11, 2009, the launch of its second phase was announced by Harshavardhan Neotia, the Chairman of Ambuja Realty.
The complete Ecospace is a 20-acre project, but Ambuja is constructing only 10 acres of it. The rest is being readied by RMZ of Bangalore. The second phase will have two blocks with an area of 4.5 lakh square feet for sale. The Chairman told media that 85% of the area in the first phase is already sold out or leased to the likes of Voith, Bajaj Allianz, Bayer Corp ,HDFC Bank, Indus Towers and Thyssenkrupp.
Also, Ambuja plans to invest an amount of Rs 200 cr. for a 5-lakh square feet Business Park in Salt Lake, and the second project will be set up over 1.5 lakh sq ft and will entail an investment of around Rs 60 cr. In all, a plan of three IT projects is the emerging plan of Ambuja. The total investment on Business Parks will be of an amount of Rs. 300 cr.
