TIDEL Park

Location

TIDEL Park is located along the Rajiv Gandhi Salai in the southern suburb of Taramani in Chennai. It is located close to the high traffic junction of the road connecting Thiruvanmiyur, opposite to Thiruvanmiyur railway station on the Chennai MRTS line.

Planning and construction

The Government of Tamil Nadu planned to establish an Information technology (IT) Special Economic Zone in the late 1990s to cater to the growth of the industry. The government assigned TIDCO and ELCOT for the planning of the project. In 1996, suitable locations were scoured and plans were made to utilise eight acres of state land in Taramani. The foundation stone for the construction was laid on 21 August 1998. The building was constructed by Hyundai Engineering. It was inaugurated by then Indian prime minister Vajpayee on 4 July 2000.

Financials

The project was built at an estimated cost of . The project had an equity share of , of which was held by the state government. The project has a debt to equity ratio of 2.4:1 and the remaining cost was financed through debt.

Design

The building has a built up area of 1280000 ft2 including about 850000 ft2 of office space. The park was amongst the first and largest IT parks in South Asia. The building is divided into eight sections, four each on north and south sides of the structure. The front and back sections are separated by an atria in the middle. The building has 13 floors including the ground floor and two additional basement floors. It is equipped with 19 elevators and 2 escalators. The design of the building provides office space of various sizes ranging from 4000-9000 ft2.

The building has a 650-seat auditorium, a 130-seat conference hall, and a 16000 ft2 food court. There is a parking space for 4,000 two-wheeler and 1,200 cars in the basement. The building is equipped with central air conditioning, a telephone exchange, and dedicated internet lines. An integrated building management system is used for the management of the building. Electricity is provided by the Tamil Nadu Electricity Board through a dedicated substation.

Other projects

Several other TIDEL Parks have been established across the state. In 2010, a TIDEL park was established in Coimbatore. Spanning 914000 ft2, it was built at a cost of . The park was built on a 9.5 acre plot near arterial Avinashi road in Peelamedu. Conceived in August 2006, foundation stone for the Park was laid in February 2007, and the construction began in September 2008. The park has five floors apart from three underground floors. In 2024, a new TIDEL Park complex was opened in the western suburb of Pattabiram in Chennai. The 21-storey building spanning across 557000 ft2 was constructed at an estimated cost of .

The state government has planned to expand the existing TIDEL Park in Coimbatore on an adjoining 9 acre plot at a cost of . Parks have also been planned at other cities such as Madurai, Tiruchirappalli. Smaller neo parks have also been planned in Tiruppur, Vellore, Salem, Thanjavur, Thoothukudi, and Sivagangai with the first such park inaugurated in Villupuram in 2024.

References

References

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