An investment of ₹1,000 crore, Pune-based Panchshil Realty has purchased property on Indore’s Super Corridor to build a cutting-edge IT park. The planned facility is the region’s aspirations of becoming a next-generation tech hub anticipated significantly strengthen the IT ecosystem in the area by generating about 10,000 employment,
In a landmark move aimed at bolstering the technology infrastructure of Central India, Panchshil Realty, one of India’s leading luxury real estate developers, has announced an ambitious ₹1,000 crore investment in an Information Technology (IT) park in Indore, Madhya Pradesh. This development signals a major boost to.
A Strategic Move into Tier-II India
Panchshil Realty, based in Pune, has been known for pioneering Grade-A commercial office spaces and IT parks in western India. This latest venture marks the group’s in the technology industry. first large-scale commercial real estate project in Madhya Pradesh, signifying a strategic expansion into India’s fast-growing Tier-II cities.
Indore, already recognized as India’s cleanest city and a rising star in urban development, presents an attractive proposition with its business-friendly environment, excellent connectivity, and growing talent pool. The city has seen a surge in demand for tech infrastructure with increasing interest from IT and ITeS.
Project Overview
The upcoming IT park will span approximately 1.5 million square feet and will be companies looking to expand beyond saturated metros developed in phases. Located in a prime area of Indore, the park will feature world-class office spaces, green-certified infrastructure, and cutting-edge technology integration.
The development is aimed at attracting global technology companies, start-ups, and IT-enabled service providers, and will include not only workspaces but also companies looking to expand beyond saturated metros. supporting amenities such as food courts, retail outlets, co-working spaces, and recreational zones.
Panchshil Realty has emphasized its commitment to sustainability and smart infrastructure, noting that the IT park will adhere to LEED Gold or Platinum green building standards and incorporate energy-efficient designs, smart water management systems, and reduced carbon footprints companies looking to expand beyond saturated metros.
Economic Impact and Job Creation
This ₹1,000 crore investment is expected to have a significant multiplier effect on the local economy, generating an estimated 25,000 direct and indirect jobs during and after construction. Once operational, the IT park will support thousands of companies looking to expand beyond saturated metros. knowledge workers, further strengthening Indore’s position as a preferred destination for IT investments.
The state government has welcomed the initiative, viewing it as a step aligned with Madhya Pradesh’s vision to emerge as a digital-first, investor-friendly state. a cutting-edge IT park Government officials have indicated that necessary infrastructure support and single-window clearances will be facilitated to fast-track development.
Strategic Collaboration and Future Prospects
Panchshil Realty is also exploring public-private partnerships (PPP) and collaborations with international tech park developers to bring global best practices to the project. The developer’s past success with iconic projects like EON Free Zone and World Trade Center Pune makes it a trusted name among multinational tenants.
This venture is expected to catalyze further private sector interest in Indore and may lead to the development of additional commercial and residential ecosystems in and around the IT park companies looking to expand beyond saturated metros With a ₹1,000 crore investment and a vision to create a modern tech-enabled workspace.
Indore, Panchshil Realty’s project underscores the growing importance of Tier-II in cities in India’s digital economy. The IT park is not just a real estate investment—it is a strategic step toward regional economic transformation, tech sector expansion, and job creation for the youth of Madhya Pradesh.
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