MUMBAI, SEPT 30: The Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with the Maharashtra Industrial Development Corporation (MIDC) for acquiring 30,000 sq ft at Rs 5 crore in the proposed Millenium Technology Park at Mahape industrial estate, Navi Mumbai.The BSE is likely to go for another 10,000 sq ft in the park in the future.
MIDC chief executive officer (CEO) A Ramkrishnan said on Tuesday that the MoU was signed on Monday. The BSE was represented by its president JC Parekh.
BSE will set up a disaster back-up facility for its on-line BOLT system and central depository services. It will be made functional from May 1999. The BSE has made an advance payment of Rs 17.50 lakh.
MIDC joint CEO CS Sangitrao said that 30 buildings with an area of 15 lakh sq ft would be constructed in the park with an investment of Rs 250 crore. The park, to be spread over 30 acres, will offer high-quality infrastructure for information-technology (IT) units.
Sangitrao said the list ofinvestors who had made bookings for space include Mastek India-80,000 sq ft, CMS-33,000 sq ft, Datamatics-1,25,000 sq ft, Roltas Computers-50,000 sq ft, Castrol-40,000 sq ft, American Power Conversion-33,000 sq ft, Gulf Oil-20,000 sq ft, HDFC Bank-3,000 sq ft and another 20,000 sq ft by small units.
He said the "hot lead" (those who will make the bookings soon) include Origin Computers-40,000 sq ft, Mahindra British Telecom-50,000 sq ft, BPL-1,00,000 sq ft, Jindal Drilling-30,000 sq ft, CMC-20,000 sq ft and Manipal Apartments and Restaurants-1,20,000 sq ft. Manipal Apartments and Restaurants has already made an advance payment of Rs 5 lakh.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.