DLF could develop six million sq ft at Taramani

DLF Limited to develop a 26.64-acre prime land parcel at Taramani may prove to be a boon in disguise for the company. As against the originally envisaged scope of developing 2.5 million sq ft of IT SEZ space, the company now has scope for developing up to six million sq ft, thanks to the Tamil Nadu Combined Development and Building Rules, 2019, that offer scope for higher premium FSI of up to 4.87 for developers with prime land parcels. Of course, the company has missed out the opportunity to develop a 2.5 million sq ft IT/ITES SEZ project, which was the original plan with which state-owned Tidco had mooted the global tender in 2008. Instead, the state government has now permitted DLF to develop a minimum of 2.5 million sq ft IT/ITES Park in the next 18 months.