labels: construction, vascon engineers, it news
Vascon unveils expansion plans for Marisoft, Pune's IT parknews
Our Convergence Bureau
31 March 2003

Pune: In the first significant development in the construction and real estate sector in Pune city since Union Budget 2003-04, Vascon Engineers, a leader in industrial and commercial projects, has announced its expansion plans for the group's Rs48-crore software park, Marisoft, here.

Marisoft is a joint initiative between Vascon Engineers and Manisha Constructions. The second software technology park from Pune, certified by the central government, Marisoft already houses the leading business process outsourcing (BPO) major, Msource, and the software development major, Parametric Technologies Corp (PTC), in the first two phases of the project.

Marisoft, the fastest-growing software park in Pune, is all set to enter its third phase of construction with a unique concept of walk-to-work for its IT clients. Spread over 5 lakh sq ft at Kalyani Nagar in Pune, Marisoft will be completed in the coming financial year. As part of its expansion plans, coming up in the third and fourth phase is an ultra-modern health club, shopping mall and entertainment park with recreational facilities for the software park.

Marisoft already has fibre-optic connectivity system from Tata Teleservices Maharashtra Ltd for voice-data, video conferencing and high-speed communication links, access control, AC management, and optimum networking facilities. A complete residential complex inter-linked with Marisoft is coming up to facilitate walk-to-work kind of concept.

Vascon has invested nearly Rs10 crore on the first phase of Marisoft. The total cost of the Marisoft project has been estimated at Rs48 crore spread over a time frame of two years.

Says Vascon Engineers managing director R Vasudevan: ''Over the past few years Pune city has witnessed impressive growth in the IT sector with several foreign multinationals setting up their BPO units. Marisoft marks our specialisation in the development of software parks. Marisoft has received a very encouraging response from the IT companies. It had a good start with companies like Msource already going operational in its very first phase of development and Parametric coming up rapidly.

''We will also be setting up an incubation centre facility offering top-of-the-line services for start-up IT units and measuring 2,000-5000 sq ft each for promoting upcoming entrepreneurs in Pune. Marisoft, coming up in record time, is indicative of the potential that its location offers with close proximity to the airport, railway station, leading five-star hotels in the city, besides the most popular shopping area, MG Road.''

Vascon has the credit of completing the first phase of Marisoft, Msource, in a record time of 95 days with a constructed area of 40,000 sq ft clubbed with modular grid construction to synchronise with the client's interior requirement, flat slab construction to achieve maximum clear working height and international standard elevation with top-rated glass cladding with optimum networking facilities. Completely driven by IT, Marisoft aims to be an intelligent abode for the networked society.

Vascon began cutting its teeth in the pharmaceutical industry. From pharma the group went on to explore industrial as well as commercial projects. Consistently meeting with high standards of the industry the group decided to diversify furthermore into the software projects. Rich experience in varied projects makes Vascon an ideal partner to meet the client's requirements within the given timeframe.

Moreover, all projects of Vascon are influenced by a fundamental principle of conserving nature. Uses of recycle water, segregating and treating waste and sewage water have become a norm at Vascon developments. Extensive use of solar energy shows Vascon's commitment for nature and also contributes towards better-managed buildings.


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Vascon unveils expansion plans for Marisoft, Pune's IT park