The Mumbai-based Shapoorji Pallonji Group is planning to extend its info-tech properties by 52 pc in near future. The addition by the real estate major will be in existing properties, adding its portfolio by around more two million sq ft by next year. This development is coming when most other bigger developers in the market are going slowly on commercial properties.

The group operates IT parks under the SP Ifocity brand in IT and IT-enabled services at software technology parks and SEZs. It has IT parks and SEZs in Gurgaon, Manesar, Pune and Chennai, with 5 million sq ft of space.

The group, headed by billionaire Pallonji Shapoorji Mistry, is into construction, textiles, power and much more among other segments. The realty arm of the 150-year old group will further develop commercial hubs in its existing projects in different part of the country.

The development of IT space was noteworthy in 2005-06 but due to the slowdown which affected the requirements in IT and other firms, faced a huge set back in 2008 and had to pull back its plans. The group is very cautious, before adding extra space to its ongoing projects in the country.

Experts say the old Realtor is among the few who are adding commercial properties. Most of the developers are not launching new projects, clients are moving places to cut down the costs. It is indication a clear slow in demand for the commercial properties.

The demands for SEZs are improving, as availability of such places is limited.

The company is looking out for more opportunities  in the Mumbai, Pune, the National Capital Region, Kolkata, Chennai and other cities to develop residential and commercial projects.