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"Build-to Suit" facilities in ITPL soon

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CIOL Bureau
New Update

BANGALORE: The International Tech Park Limited (ITPL) in Bangalore is all set to provide "Build-To-Suit" (BTS) facilities for clients within the technology park campus. These facilities would be customized to the requirements of the individual client and will be available for single-occupant company with the privilege of naming rights of the building and flexibility of opting for lease or lease-with-purchase.



However, Park officials did not come up with confirmations or bookings so far by any company for such a facility. Each BTS facility will offer a built-up area of about 1 lakh square feet each, and according to officials, the facility can be made ready within a year.



BTS is part of the stage two of the technology park plan in Bangalore by ITPL. Stage two also comprises multi-tenanted facility, which has 11 floors of ready-to-use office space. Explorer is one of the facilities that was inaugurated today by the Singapore President S R Nathan and Governor of Karnataka TN Chaturvedi.



The building was officially inaugurated today but has been ready for occupation since April 2002. Some of the tenants of the building include AOL Member Services, Product Chain Solutions, Applied Materials, India Liaison Office, Quintiles India, Infocomm Development Authority of Singapore and FCI Technology Services.



The stage one of the ITPL consists of 1.2 million sq. ft of built up area, comprising three multi-tenanted buildings, Discoverer, Innovator, Creator and Tech Park Mall. All the three buildings are claimed to be 90 percent occupied. "We have new companies inquiring about the facility practically everyday. The park poses as a good incubation farm for start-up and overseas companies setting up operations in India. Although a few companies are setting up their own campuses, they continue to have part of their operation set up in the park. So only a part of the facility is being left vacant for the new companies." said an official requesting anonymity.

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