Designation of the Information Technology Center
- Creation and designation of Panorama TechnoCenter as an Information Technology Center.
- The building's gross floor area is 45,166.22 square meters.
- The designated center is located at 1029 EDSA, Veterans Village, Project 7, Quezon City.
Description of the Property and Location
- Comprises two parcels of land with a combined area of approximately 3,000 square meters.
- Land titles involved are Lot No. 2, Block B-3 (TCT No. N-175772) and Lot No. 3, Block B-3 (TCT No. N-175773) of Diliman Estate, Subdivision plan BSD-20171.
- Property situated within the Veterans Village, Quezon City, formerly known as the District of Diliman.
Technical Survey and Boundary Details
- Detailed metes and bounds description provided for both lots with exact bearings and distances.
- Survey markers and reference points utilized, dated from original and subdivision surveys conducted in 1910-1911 and 1953, respectively.
- Boundaries include adjacent lots and roads such as Highway 54.
Legal Effect and Formalities
- The designation grants special status as an Information Technology Center under relevant laws and regulations.
- Presidential signature and affixing of the Seal of the Republic formalize the proclamation.
- Date of effectuation: February 10, 2016.
Implications
- The designated area benefits from incentives and privileges under RA 7916 as amended, promoting IT enterprise development.
- Subject to continued compliance with PEZA rules and government regulations governing economic zones and IT centers.
- Provides an established location for IT business operations within Quezon City, enhancing the local economic landscape.