The Manesar Technology Park project is almost complete. The project is located in Sector 8 in Manesar which is being developed by the government as Technology Park Complex across 140acres.
Office component ready and delivered: Anant Raj has completed the office development with leasable area of 1mn sq ft. Some of the tenants are in advance stages of completing the fit-outs and are expected to start operations in couple of months. The average rental from the office component is around Rs35/sq ft /month for the 60% of the area leased till date.
Retail - The project has around 40000sq ft of retail food court area. Anant Raj expects the retail part to get leased once tenants start operation in the office space.
Hotel: Anant Raj has leased the hotel space to a third party at rentals of Rs24/sq ft / month. The total area in the hotel is around 0.1mn sq ft. The tenant has tied up with Hilton for the operating its budget hotel – Hamptons and has started interior work for the hotel.
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