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technology park [tech park]

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A landscaped development usually comprising of high specification office space as well as residential and retail developments, designed to encourage localisation of high technology companies such as information technology, software development etc., thereby giving each the benefit of economies of scale. Usually, technology parks are located outside the inner city areas as these are quite land intensive in nature.
(source: http://www.moneycontrol.com/glossary/property/technology-park_633.html)

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