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NT Bureau
Chennai, Jan 3:
Redhawk Investments group has announced its investment plans in India. Its plan is to help develop Vishadh Park, a domain-specific real estate park for the financial services and allied sectors.
With 40 years experience in the outsourcing, offshoring and real-estate industries, Redhawak would focus solely on Vishadh Park that would aid in its expansion of operations in the US, Europe and Asia Pacific region.
Vishadh Park is coming up at 500 acre campus that would accommodate the workforce of financial services and the local employees who support the infrastructure of the city.
This development would be an epicentre for economic growth as it would capitalise on an untapped market in the arena of domain-specific real estate.
'Vishadh Park will become an icon and be a testimony to many other technology parks that are mushrooming across the country. This park will redefine the concept of quality business space in India,' said Bipin Agarwal, chief executive officer, Redhawk Investments.
Being constructed at an investment of $1.2 billion over a period of 10 years, Vishadh Park would consist of over 10 lakh sq ft of commercial property to house 20,000 new jobs in the park. The initial development also consisted of 26 million sq ft of residential area to house 20,000 professionals.
The mega plan also included the lifestyle development for retail, healthcare and entertainment areas within the park.
Redhawk goal is to have less
than 20 minutes of travel for any activity.