Rajiv Gandhi Chandigarh Technology Park (RGCTP)

Chandigarh, the beautiful city of India has developed an IT Park (Kishangarh IT) Park) to cater to the rising influx of IT companies in this quaint city. Chandigarh's infrastructure, proximity to Delhi and Punjab, and the IT talent pool attracts IT businesses looking for office space in the area. Major Indian firms and multinational corporations such as Dell, Infosys, Quark, Ranbaxy, Reliance and Satyam have offices in the IT park of Chandigarh.

Chandigarh offers a world class lifestyle and working atmosphere and these factors are inspiring enough for an investor’s perspective. The city offers huge opportunities for developers / investors and IT companies to develop and own high grade property in this "City Beautiful".

The IT Parks in Chandigarh integrates an open and green urban plan with modern infrastructure making it a great place to invest in Chandigarh for MNCs and Corporates alike. It also delivers a compatible environment for both vertical and horizontal growth of the company.

The IT park of Chandigarh has a back up of 220 KV power supply, ensured captive water supply, high quality sewerage treatment plant and recycled water for garden use. Developed land Dedicated Telecom bandwidth and Telephone Exchange and other pivotal facilities such as banking and public transport in addition to restaurants and on-site parking makes it a highly suitable office space for MNCs and Corporates alike.

Chandigarh, the IT hub of the North West, is gradually emerging as a major Information Technology Centre. This is largely due to the vibrant character of the City which provides a very desirable quality of life due to its pollution-free environment and excellent facilities for health, education, transport and entertainment.

Chandigarh, ‘The Silicon Valley of North India’ has all the trappings of being a technology city – Good living standards, cosmopolitan outlook, skilled manpower and excellent infrastructure. Industry sources predict that Chandigarh is a potential magnet for the IT industry and the future of the city has no limitations to progress.

• An international standard Golf Course with the state-of-the-art facilities at SAS Nagar (Mohali), a suburb of Chandigarh is under way to upgrade the city’s leisure, entertainment and sports infrastructure.

• The city will have a large number of multiplexes, which combines cinema with retail shopping, entertainment and commercial services. Multiplex development would further synergize real estate development in the State.

• Mohali, a part of Chandigarh is going to have super-specialty hospitals in various disciplines by well known medical outfits. This step has been taken with a view to facilitate the setting up of world class healthcare facilities to cater to health care needs of everyone.

• It is going to be one of the prominent IT, ITES and corporate destination with the arrival of innovative IT parks and SEZs. The Rajiv Gandhi Chandigarh Technology Park – Phase I (RGCTP-I) which houses Infosys, DLF Info, IBM Daksh, etc. have become operational with 1000 employed professionals in 2005 and the annual Software Export of about Rs.1000 crores are likely to take place from CTP in the next 3 years.

• 30-acres of land have been allotted to Wipro Technologies Ltd – as the main anchor of Rajiv Gandhi Technology Park – Phase II. Wipro is expected to set up a state-of-the-art campus at RGCTP-phase II; which would provide high-level employment to an expected 25,000 engineers and professional along with generating investments in the next few years.

• 250-acres of land have also been sanctioned for the RGCTP-Phase III, as a lot of Indian and international companies have shown their interest for investing in Chandigarh, to tap the potentially educated and skilled market of the city.

• To meet the demand for business tourist, as a result of the CTP, a hotel site for a Business Hotel (150 rooms) -cum- Convention Centre (for 1200 persons) has been given to DLF.

• The government of India has proposed on setting up a biotechnology corridor in the Chandigarh which would help in making Chandigarh and Punjab a biotechnology hub.

The ongoing development in the IT sector has brought about an escalation in the real estate scenario of Chandigarh. Top realtors are making a beeline to Chandigarh and the adjoining areas and as Chandigarh boasts of affluent population, premium apartments are also making an appearance and are steadily gaining ground. The city is expected to have a large number of residential complexes such as apartments, condominiums, penthouses and villas which will make it the most sought after destination for investors.