MPSEDC offers 30-year leases to Tech Firms at Sinhasa IT Park

04 Aug 2023 CW Team

The Madhya Pradesh State Electronics Development Corporation (MPSEDC) has obtained approval from the board to offer office space to IT/ITES firms on a long-term lease of 30 years at Sinhasa IT Park.

Since there was limited interest in the rental model, MPSEDC is now planning to invite Expression of Interest (EOI) from tech firms for the available carpet area in Sinhasa IT Park.

Abhijeet Agrawal, Managing Director, MPSEDC mentioned that the rental model did not attract many takers. Consequently, they proposed the long lease option for 30 years, which has been approved by the board. The organisation will soon release tenders to invite EOI from interested parties.

The plan is to lease out different portions of the four-storied IT Park, which consists of four blocks on each floor. MPSEDC has sought suggestions from industry players and hopes that the lease model will attract tech firms to occupy space in the Sinhasa IT Park based on the feedback received.

Industry players have pointed out that the Super Corridor and Vijay Nagar areas are well-suited for tech firms due to their excellent connectivity and availability of resources. They expect the long-term lease model to entice companies from the industry to set up in the Sinhasa IT Park.

Additionally, a public sector company is in discussions with MPSEDC to establish a training center at Sinhasa IT Park, occupying around 20,000 sq ft of space. Spread across 112 acres on the Indore-Ahmedabad highway, Sinhasa IT Park under MPSEDC currently houses industrial plots and a four-storied building. MPSEDC has already allocated plots to 30 small and medium-scale IT firms in the park.

Furthermore, MPSEDC is actively developing a building dedicated to IT/ITES companies at the Electronic complex, with an estimated cost of around Rs 1.65 billion.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..