The Karnataka government has granted approval to Tata Realty and Infrastructure’s (TRIL) proposal to establish an IT and ITeS business park in Bengaluru, with an investment of Rs 32.73 billion. The upcoming Tata Intellion Park is set to be developed in Whitefield and is projected to create approximately 5,500 jobs. As per the state government’s notification dated April 17, the project will be located on a 25.5-acre site in the Doddanekundi Industrial Area.

TRIL had purchased the land in August 2023 from Graphite India for Rs 9.86 billion. The business park will feature infrastructure for IT and allied services, along with retail outlets and a food court.

The state government's clearance for the project includes several conditions. TRIL has been instructed to obtain environmental approvals, prioritize the hiring and training of local residents, support the growth of local vendors, and engage in corporate social responsibility (CSR) activities focused on social infrastructure.

Sustainability has been made a key requirement, with TRIL expected to incorporate rainwater harvesting, wastewater recycling, and zero-discharge systems wherever feasible.

The government stated that all mandatory approvals must be secured through Karnataka’s e-Udyami portal. Karnataka Udyog Mitra will facilitate the execution of the project, and TRIL will be required to submit quarterly progress reports.

The land, developed by the Karnataka Industrial Areas Development Board (KIADB), has been divided among different TRIL entities. TRIL Bengaluru Real Estate Six holds 21.3 acre, TRIL Bengaluru Real Estate Five owns 4 acre, and an additional 858 square meters of KIADB land is expected to be added through a sale deed addendum.

Tata Consultancy Services (TCS) has also announced plans to establish a long-term capacity of over 25,000 seats within the same campus.

TRIL currently operates 7.6 million square feet of business park space and has completed approximately 9.4 million square feet of commercial developments. The company also has 13 million square feet of space under various stages of planning and development. Its operational portfolio includes Intellion Square in Mumbai, Ramanujan Intellion Park in Chennai, and both Intellion Park and Intellion Edge in Gurugram.

News source: Money Control