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Company : Ascendas Pvt Ltd (Ascendas) 
Monday, December 29, 2014 5:38PM IST (12:08PM GMT)
International Tech Park Pune Wins Best Commercial Project in Pune at the CNBC ‘AWAAZ’ Real Estate Awards, 2014
Bangalore, Karnataka, India

Leading business space solutions provider, Ascendas Group is pleased to announce that its International Tech Park Pune (ITPP) won the Best Commercial Project, Pune at the ‘CNBC AWAAZ  Real Estate Awards 2014’ held recently. 
ITPP, Ascendas Group’s first IT Park in Maharashtra, developed as a joint venture with the Maharashtra Industrial Development Corporation (MIDC) is located at the Rajiv Gandhi Infotech Park, 3rd Phase, Hinjewadi, Pune. The 25-acre IT SEZ project is designed to provide an ideal environment complete with amenities for IT and technology-related businesses.
Mr Lee Fu Nyap, CEO Ascendas India Operations said, “Ascendas is proud to partner with MIDC to develop a global business address that will attract talent, offer hassle-free set up and efficient services that has become the hallmark of Ascendas business space. This is the second award for ITPP this year which reinforces our commitment towards developing some of the best IT parks in the country.”
This prestigious award was handed over by Shri Babul Suprio, Honorable Minister of State (MoS) for Urban Development, Housing and Urban Poverty Alleviation. Shri Venkaiah Naidu, Honorable Minister of Parliamentary Affairs, Urban Development, Housing and Urban Poverty Alleviation was the Chief Guest at the award ceremony. Adjudged by an eminent panel of judges, the award was conferred on ITPP for the amenities it offered, progress of construction, and customers' satisfaction.
ITPP’s Phase 1 ‘Cedar’ building is fully operational and offers 660,000 sq ft of business space. It is LEED India “Gold” pre-certified and enjoys 100% commitment from an eminent IT solutions company. The IT SEZ park has commenced the construction of its Phase 2 ‘Juniper’ building offering 615,000 sq ft of office space and is scheduled to be completed in early 2016.

About International Tech Park Pune, An Ascendas IT Park with MIDC

International Tech Park Pune (ITPP), developed and managed by Ascendas in association with MIDC is designed to provide a complete ‘work & play’ environment for IT and technology-related businesses. ITPP is located within the 3rd Phase of the Rajiv Gandhi Infotech Park, Hinjewadi, Pune a designated Special Economic Zone (SEZ). In close proximity to the Pune-Mumbai Expressway, ITPP is easily accessible from Pune city centre, railway station and the airport.  To be developed in four phases, ITPP will offer 2.2 million sq ft of premium office space when fully completed. The 660,000 sq ft Phase 1 ‘Cedar’ building is already complete with 100% commitment from a leading IT solutions company. The Phase 2 building offering 620,000 sq ft of space is expected to be completed by early 2016.  Set amidst lush landscaping, with a panoramic view of the hills of Deccan plateau, ITPP is an ideal business environment where creativity and ideas can bloom. Besides lushly landscaped environments, the parks will be replete with amenities including retail space, F&B outlets, sports arena, banks and ATMs, transportation facilities and comprehensive security management system. A dedicated Ascendas team will manage all real estate needs, so that the clients can focus on their business.

About Ascendas Group www.ascendas.com

Ascendas is Asia’s leading provider of business space solutions with more than 30 years of experience. Based in Singapore, Ascendas has built a strong regional presence and serves a global clientele of over 2,700 customers in 26 cities across 10 countries including Singapore, China, India, South Korea and Vietnam. Ascendas specialises in masterplanning, developing, managing and marketing IT parks, industrial & logistics parks, business parks, science parks, hi-specs facilities, office and retail spaces. Leveraging on its track record and experience, Ascendas has introduced new business space concepts such as integrated communities and solutions which seamlessly combine high-quality business, lifestyle, retail and hospitality spaces to create conducive human-centric work-live-play-learn environments. Its flagship projects include the Singapore Science Park and Changi City at Changi Business Park in Singapore, International Tech Park Bangalore in India and Ascendas-Xinsu in Suzhou Industrial Park, China. Ascendas provides end-to-end real estate solutions, assisting companies across the entire real estate process. In November 2002, Ascendas launched Singapore’s first business space trust, Ascendas Real Estate Investment Trust (A-REIT), and in August 2007, Ascendas India Trust (a-iTrust) was listed as the first Indian property trust in Asia. In July 2012, Ascendas listed Ascendas Hospitality Trust (A-HTRUST), which comprises a portfolio of quality hotels in Australia, China, Japan and Singapore. Besides managing listed real estate funds, Ascendas also manages a series of private funds with commercial and industrial assets across Asia. 

Photo caption: Ascendas receiving CNBC Real Estate Award for best commercial project in Pune

For News Release background on Ascendas Pvt Ltd (Ascendas) click here
Media Contact Details
Anshu Bhardwaj, Ascendas India, +91-9902056450, anshu.bhardwaj@ascendas.com
Paayel Sengupta, MSL GROUP, +91-7829469050, Paayel.sengupta@mslgroup.com
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Ascendas receiving CNBC Real Estate Award for best commercial project in Pune