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State Street, a global financial services and asset management firm, has begun operations from its new Centre of Excellence at IndiaLand Tech Park in Coimbatore. The company has leased 2.1 lakh sq. ft. across four floors in Tower D of the LEED Platinum-rated IT SEZ campus in Saravanampatti. With other global firms like Amazon, Bosch, and Accenture already present, this move further anchors Coimbatore's position as a fast-growing hub for IT and BFSI sectors, offering a strategic alternative to India's metros due to its infrastructure, talent base, and sustainability-driven developments.
Coimbatore's commercial real estate sector has received a significant boost as State Street, a major global player in financial services and asset management, officially launched operations from its newly leased office at IndiaLand Tech Park. The Centre of Excellence, spread over 2.1 lakh sq. ft. across four floors in Tower D, commenced earlier this week, marking a strong step toward the city's evolving status as a tech and BFSI magnet in South India. Advertisement
IndiaLand Tech Park, located in the thriving Saravanampatti locality, is a LEED Platinum-rated IT Special Economic Zone known for its eco-conscious design and high-grade commercial infrastructure. Already home to renowned corporations such as Accenture, Hexaware, Amazon, Bosch, and Cognizant, the addition of State Street signals continued investor confidence in Coimbatore's sustainable business ecosystem.
Executives from IndiaLand highlighted that this partnership validates the company's focus on building environmentally responsible, future-ready campuses across India's emerging urban centers. CEO Salai Kumaran shared that the increasing interest from global IT majors affirms the strategic significance of Coimbatore, especially as firms seek greener alternatives to saturated metro markets.
Saravanampatti, in particular, has witnessed a wave of Grade-A developments in recent years, with rising occupancy rates driven by the area's strong infrastructure, skilled workforce, and competitive cost of operations. This aligns with a broader industry shift toward Tier-2 cities, which now offer the scale and sophistication once exclusive to top-tier metros.
IndiaLand's Group Chairman, Harish Fabiani, has been a consistent advocate for sustainable real estate development. Under his leadership, the firm has delivered high-performance commercial campuses across cities like Mumbai, Pune, Chennai, and now Coimbatore each designed to meet the demands of global corporations looking for smart, scalable, and green office solutions.
The arrival of State Street is not just a new lease agreement it's a testament to Coimbatore's emerging role in India's new growth narrative. The city is now on the radar of multinational firms evaluating long-term, cost-effective, and sustainable growth avenues beyond traditional metro limits.
Source PTI
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