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Centre Approves ₹1,250 Crore IT Park in Puducherry

PUDUCHERRY: The Union government has approved the establishment of a dedicated Special Economic Zone (SEZ) for Information Technology (IT) in Puducherry, with an investment of ₹1,250 crore. This initiative aims to position Puducherry as a premier destination for technology firms and global investors. The SEZ will be built on 21.3 acres of government-owned land in Thattanchavady. A statement from the Directorate of Information and Publicity emphasized that the park will not merely consist of office buildings but will be conceived as a comprehensive mini-city. “Around 70% of the area will house ‘plug-and-play’ offices, allowing companies to begin operations immediately. The…

Fit-Outs: The New Revenue Engine for Flexible Offices

Office fit-outs are increasingly becoming a significant revenue source for operators of flexible workspaces. In the first half of 2025, India saw a steady 3% rise in fit-out costs across its top eight cities. According to Cushman & Wakefield, India remains one of the most cost-effective locations for office fit-outs in the Asia-Pacific region, making it an appealing market for businesses looking to expand their workspaces. With a gross leasing of 42 million square feet during this timeframe, the sector is poised to exceed 90 million sqft of leasing activity annually for the first time. “The increasing need for customized…

MPIDC Secures Approval for 300 Hectares in Indore-Pithampur Corridor

Representative image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has secured agreement from landowners for approximately 300 hectares as part of the land pooling initiative for the planned 19.60 km Indore–Pithampur Economic Corridor, marking a major milestone in this high-value infrastructure project. The estimated cost of the corridor exceeds Rs 2,400 crore and is designed to enhance connectivity between Indore and Pithampur, a key industrial hub in the state. Officials stated that the corridor encompasses a total planning area of 1,177 hectares, comprising 954 hectares of private land across 17 villages and 222 hectares of government land. To date,…