TAMIL NADU

IIT-M gets land for research park

A.Srivathsan

Government allots 11 acres of land



Plans, financial arrangements are ready

Project was to be completed in February 2007



CHENNAI: The State Government has allotted 11 acres of land sought by the Indian Institute of Technology-Madras (IIT-M) for setting up a research park, through a government order recently.

The plans and other financial arrangements for the building are ready and the project is expected to start soon.

In 2003, IIT-Madras had asked for 12 acres in Taramani and the State Government allotted 6.59 acres in 2005. The IIT-M sought additional land to improve its connection with the IT corridor and also construct an 18-m access road. This 18 m road would enable IIT-M to construct a multi-storied building.

The original proposal was to put up a one-million sq.ft research park at a cost of Rs 100-crore. The funds for this project were to be mobilised through alumni contributions, lease amount and government grant. The project was to be completed in February 2007.

The allotment of additional land has been delayed and the project would at the most be ready only by the end of next year.



Plans, financial arrangements are ready

Project was to be completed in February 2007





Recommended for you