Kotak Realty Funds Group, with financing through its KIREF real estate fund, has opened its new Green Boulevard facility, a 700,000-sf IT office building here. The property is in Sector 62, a technology hub in the Noida business park here. The building, designed for companies looking for outsourcing space, includes tenants such as Sapient and Accenture.
The office development includes three main towers: towers A (eight floors), B (seven floors) and C (five floors). The project includes almost 1,000 parking spaces, mostly in covered areas, as well as a retail portion that will include a coffee bar, business center, cyber café, food court and other stores.
The fund has assets under management of $104 million raised from domestic institutions and HNI clients, according to a company statement. Officials from the firm, a subsidiary of Kotak Mahindra Bank, did not return requests for comment on this story.
The 3C Group is the developer of the new building. According to the Kotak statement, 3C has applied for LEED Gold certification for the property. We have been able to provide an environmentally friendly, as well as low-operating-cost, facility to global occupiers, said Vidur Bharadwaj, director of the project for 3C Group, in the statement. Architect Bharadwaj, who heads the firm Design & Development, reportedly pledged two years ago to only work on green buildings.
Source : globest.com
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