K Raheja Corp is working on plans to build two infotech parks totalling 6 million sq ft leasable space in Mumbai and Pune over the next two years.
This will add to the existing portfolio of the company, which is India’s second largest developer of business parks that span completely leased 20 million sq ft office space across Mumbai, Navi Mumbai, Hyderabad and Pune. Its managing director Vinod Rohira told ET in an exclusive interaction that under this plan, K Raheja Corp has entered into an agreement to acquire a 30-acre land parcel in Pune from builder Gera Developers. It is planning to develop an IT park with total 3.5 million sq ft leasable space on this plot, he said. “We are taking aggressive position to build major supply of IT business parks across Mumbai and Pune. Over the next few years, we are looking at developing 1 million sq ft of land with investment of Rs 250 crore every year,” Rohira said.