Hi-tech parks power COCHIN( Kochi’s) metromorphosis

VISMAYA
HI-TECH parks are powering Kochi’s industrial development. Starting from the Rs 2,400 a Smart City Project, which the state government approved on Wednesday, the city would see the launch of more than half a dozen industrial infrastructure parks in the coming months.

The state government and the Dubai Technology and Media Free Zone Authority are expected to ink the pact for Smart City project in a few days.

The Smart City Project, by facilitating the growth of IT industries, would create dose to 90,000 jobs within a few years. Another hi-tech city project is being planned by the Shobha Group over4p0 acres in Kochi.

The Rs 5,000-crore project would provide facilities for knowledge-based industries. The self-sufficient city will have a residential section, shopping malls and even a green belt. Meanwhile, the government-owned Infopark is in it’s final stage of development as it has already used up most of its land.

Infopaxk’s own buildings, the 1.25 lakh sq ft Tapasya and 2.5 lakh sq ft Vismaya have been completed. A third one with 4 lakh sq ft is under construction.

Infopark’s co-developer Leela Group has started work on a 3.3 lakh sq ft project after completing a 1.25 lakh sq ft build­ing. The other co-developer L & T has started work on a 3.5 lakh sq ft project. Wipro, TCS and IBS are the companies that are developing own campuses in Infopark.

Source: The Economic Times
Property Bytes