Prestige plans tech park in Mysore

By siliconindia   |   Wednesday, 23 January 2008, 23:24 IST
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Bangalore: Prestige Group, a Bangalore based real estate company, plans to build a tech park in Mysore. The tech park is to be built on 15.6 acres of recently acquired land in Hootagalli. In the plan of a total area of one million square feet, around 35,000 square feet floor area each will be allotted to the office blocks in the project. The construction will be finished in different phases. The first phase will be finished in 24 months and it will take a 12 more months to complete phase II. "The Mysore project is for commercial IT office space with multi-tenanted office blocks similar to our Prestige Tech Park on the Outer Ring Road in Bangalore," said Irfan Razack, Chairman and Managing Director, Prestige Group. The company is also building a 'Forum Mall' in Mysore. The project will cost around Rs 250 crore ($62.5 million) and it will have about 500,000 square feet leasable area. The group is taking the Forum Mall to other cities like Hyderabad, Chennai, Kochi, Mangalore in the next three years. "The company is planning to build 10 malls with a budget of Rs 3,000 crore ($750 million) in south Indian cities. Malls are to come up with shopping, entertainment, multiplex and parking component when fully-functional," said Razack. The center will provide facilities like clubhouse, food court, business center, health club, swimming pool, retail stores, coffee shops and an amphitheatre.