| The 3C Company has taken an initiative to lead | | | | in its draft proposal to make all new and existing |
| Noida’s real estate to yet another level by | | | | SEZs green. Christened as Oxygen Boulevard, this |
| developing a Green SEZ in Noida. Krishna Kumar | | | | notified SEZ will cater to IT and ITeS industry and is |
| Mangalam reports | | | | being developed on a 25-acre plot on Noida-Greater |
| Concerns about climate change have serious | | | | Noida Expressway in Sector 144. The SEZ already |
| implications on real estate sector. But at the same | | | | has over 2 lakh sq ft of ready-for business space |
| times, it is an opportunity to developers with | | | | and 5 lakh sq ft of ready-for-fit-outs. Construction is |
| expertise and experience to build state of-the-art | | | | in full swing and the project is expected to be |
| green buildings along sustainable models. | | | | operational by the end of the first quarter of 2010. |
| The coming decade will see development of large | | | | The developer is confident of obtaining a LEED Gold |
| townships and special economic zones with fresh | | | | rating for Oxygen Boulevard SEZ as well. Vidur |
| infrastructure, which puts minimal burden on natural | | | | Bharadwaj, director of 3C Company, says, Oxygen |
| resources. Leading the bandwagon of SEZ | | | | Boulevard would address the ever-growing demand |
| development in Delhi NCR is corporate like DLF, | | | | for office space in Delhi NCR. The level of awareness |
| Unitech, The 3C Company, Parsvnath, among others. | | | | for green buildings is much higher today, with |
| The SEZ were so designed as to be self-contained | | | | corporates taking it as a good investment option. |
| with their own infrastructure and support services. | | | | Going forward, there will be a larger demand and |
| In fact, in the coming days, SEZs will be the major | | | | greater focus on development of energy-efficient |
| supplier of office space. Anshuman Magazine, CMD of | | | | buildings. This is our first project in SEZ segment and |
| CB Richard Ellis, South Asia, says, The demand for | | | | we are sure the project will be an epitome in quality |
| office space is expected to improve in Noida, mainly | | | | construction and high on energy-saving features, and |
| towards the second half of 2010, with a gradual | | | | become a benchmark for other projects in the |
| revival in economy. As a result, construction activity | | | | country. |
| is likely to regain pace. Noida has an efficient | | | | Unbeatable green features: Multiples blocks have been |
| infrastructure and good connectivity with Delhi, | | | | built to have passive sun-shading devices. The project |
| supported by DMRC, which will give further impetus | | | | comes with multiple support facilities like |
| to growth. Noida will emerge as a prominent | | | | double-insulated walls, while the roof of the building |
| destination for commercial and residential real estate | | | | will halt solar heat coming into the building directly and |
| in the future. | | | | will enhance cooling inside, saving at least 33% on |
| The downfall of global economy in 2008 and its | | | | air-conditioning costs. The state-of-art SEZ will have |
| repercussions on Indian economy took a toll on the | | | | buildings with area of 2,00,000 sq ft to 5,00,000 sq |
| real estate business, which continued till the first half | | | | ft. Emphasis has been put on providing extra features |
| of 2009. Lack of capital forced realty majors to | | | | in server room and UPS rooms where heat |
| amend their business plans and some of these even | | | | generation is high. These buildings, while retaining their |
| abandoned their SEZ plans. Only those survived, | | | | separate individualities and identities come together |
| which were well-planned and developed according to | | | | as a single complex, which share common facilities |
| the needs of the corporate. | | | | and amenities. The complex is so planned that these |
| Nikhilesh Singh, assistant VP of JLLM, says, The drive | | | | buildings form interconnected and semi-enclosed |
| to develop SEZ is triggered by the fiscal sops and | | | | landscape spaces. Light Shelves will be provided for |
| benefits extended to realty players. Riding on tax | | | | diffused natural lighting. The upper ground or the |
| exemption, investment in SEZ seems a safe route. | | | | deck level is about 9 acres of vehicle free green |
| If we map the SEZ growth, Noida’s office space | | | | area. The three-side open Oxygen Boulevard SEZ |
| has become one of the most sought-after | | | | plot has a wide road with 5 acres green belt. This |
| destinations in Delhi-NCR, on account of its Noida | | | | SEZ will surely help stimulate world-class |
| Special Export Zone (NSEZ). With large scale | | | | manufacturing capabilities in India. The project also |
| investment in the IT and BPO industries, NSEZ | | | | has a location advantage of being strategically located |
| ushered in an export era for the region. Unlike other | | | | in Sector 144, along the main Noida-Greater Noida |
| SEZs, which are being developed in Delhi NCR, NSEZ | | | | Expressway. The project therefore, enjoys good |
| will be a Green SEZ, which will be designed in a | | | | connectivity. The developer is also planning to |
| manner that will enable it to reduce GHG emissions. | | | | develop service apartments. |
| Officials of the 3C Company say they have | | | | Having developed 12 million sq ft of office space and |
| constructed three Platinum rated LEED-certified green | | | | currently developing Green projects worth over Rs |
| buildings Green Boulevard and Patni Campus in Noida, | | | | 8,000 crores, officials of 3C Company say that Green |
| and Wipro Campus in Gurgaon and have taken | | | | Boulevard project is the world’s largest |
| initiative to lead Noida’s real estate to yet | | | | Platinum-rated LEED certified green building in the Shell |
| another level by developing a Green SEZ there. The | | | | and Core category. |
| move comes much before the government decided | | | | |