PayPal comes calling to Chennai
PayPal has picked up space at Futura IT-park on OMR, Chennai’s IT corridor. Paypal is a US-based, eBay owned company, which offers internet based money transfer service. It allows individuals to send and retrive money and make payments for purchases on eBay and other e-commerce websites.
It is said to have handled over $37 billion in transactions in the year 2006, and reportedly had over 133 million customers.
Mr.Tss Krishnan, COO of a Real Estate told that they were pleased to have a prestigious brand like eBay and its affiliate to be associated with Futura IT-park. He also said that this only emphasises that Chennai continues to be a sought after destination amongst IT majors in the world.
According to a recent report by Cushman & Wakefield, Cehnnai witnessed office space demand of six million sq.ft in the year 2006. It was largely driven by requirements from IT and ITES sectors.
