DLF to set up Infopark projects

DLF is India’s biggest real estate developer which has decides to develop Infopark
project worth of Rupees 1000-crore which would be spreaded over 54 acres in all
the phases. Firstly, they intend to develop one-tenth of the plot (5.4 acres) in
first phase, for which they had made the building plan and had forwarded for
the approval of the Bhubaneswar Development Authority (BDA). In this context,” DLF has submitted a revised building plan for the Infopark project which is under
scrutiny of BDA”.

After following the de-notification of the Special Economic Zone (SEZ), DLF had
thought to develop the Infopark project under the STPI (Software Technology
Parks of India) scheme.

DLF had made certain changes in its Infopark project which is to be built over 54 acres in the Infocity region of the city. DLF – real estate masters are interested on setting aside a greater area for non-processing facilities like shopping malls and multiplexes. This project which had to come up in three phases, comprises of an IT area, a luxury hotel, a chain of retails, service apartments and recreational facilities with a total built-up space of about 5.5 million sq ft. For  the luxury hotel, DLF had tied up with Hilton which is a famous international hotel chain. For the first phase, DLF had committed an investment of Rupees 300 crores for developing an IT workspace of international standards which would be a built-up area of 5.7 lakh sq ft. This phase is scheduled to be operational within 18 months to 02 years after commencement of construction of work. The Infopark project may generate direct and indirect job opportunities for over 40,000 people in sectors like IT and ITes (IT enabled services), retail and hospitality.

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