Online edition of India's National Newspaper
Sunday, Jan 21, 2007
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Online edition of India's National Newspaper Sunday, Jan 21, 2007 ePaper |
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Business
Staff Correspondent
CHENNAI: Pacifica Companies, headquartered in San Diego, California-based real estate group, has launched its first IT project in India at Old Mahabalipuram Road near here with an investment of Rs. 150-175 crore. Addressing a press conference here on Friday, Vikram Agnihotri, Regional Head (South) of the company, said the Park would come up on 1.1 million sq. ft. built-up area over two blocks. It would have flat slab technology with a ceiling height of 3.8 metres. It offered the largest floor plates and would be ready for occupation from March this year. Pradeep Kshatriya, Director (Marketing), said the company's strategy in India was to tap the growing emerging markets such as Chennai, Ahmedabad, Pune, Hyderabad, and Bangalore. Pacifica had invested over $200 million in India during 2006 and would be investing $400-500 million in the next two years.
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