Rs 4,000 crore Cybercity project at Kochi
A Rs 4,000 cr Cyber city project for the IT/ITeS sector is being developed by the Housing Development and Infrastructure Ltd.
By PTI |
KOCHI: A Rs 4,000 crore Cyber city project for the IT/ITES sector is being developed by the Housing Development and Infrastructure Ltd (HDIL), at nearby Kalamassery, which will be Kerala's first integrated IT township.
HDIL is one of the largest Real Estate Development companies in the country.
The Cyber city, spread over a 70 acre land acquired from the Public sector Hindustan Machine Tools (HMT), will be having besides IT/ITES, residential apartments, villas, schools, shopping malls, multiplex, club house, service apartments and a star hotel, Rakesh Kumar Wadhawan, Chairman, HDIL, told a press meet here.
This is HDIL's fourth such project in India. The project's foundation stone will be laid by Chief Minister V S Achuthanandan on January 19.
The Cybercity would provide 60,000 direct and 1,50,000 indirect job opportunities at Kochi and is expected to be completed over a four-year period.
The HDIL cybercity will have a built up area of 80 lakh square feet and is the company's first flagship IT project in Kerala.The cybercity will be developed into various zones of residential, IT, Comercial, Hotel, Social and Infrastructure amenities, he said.
The project would generate a revenue of rs 425 core to the state government by way of stamp and registration duty and Employee Welfare and Village tax.
Lower cost for IT space,huge pool of talent and qualified manpower had made the company prefer Kochi to Bangalore and Hyderabad.
HDIL is one of the largest Real Estate Development companies in the country.
The Cyber city, spread over a 70 acre land acquired from the Public sector Hindustan Machine Tools (HMT), will be having besides IT/ITES, residential apartments, villas, schools, shopping malls, multiplex, club house, service apartments and a star hotel, Rakesh Kumar Wadhawan, Chairman, HDIL, told a press meet here.
This is HDIL's fourth such project in India. The project's foundation stone will be laid by Chief Minister V S Achuthanandan on January 19.
The Cybercity would provide 60,000 direct and 1,50,000 indirect job opportunities at Kochi and is expected to be completed over a four-year period.
The HDIL cybercity will have a built up area of 80 lakh square feet and is the company's first flagship IT project in Kerala.The cybercity will be developed into various zones of residential, IT, Comercial, Hotel, Social and Infrastructure amenities, he said.
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The project would generate a revenue of rs 425 core to the state government by way of stamp and registration duty and Employee Welfare and Village tax.
Lower cost for IT space,huge pool of talent and qualified manpower had made the company prefer Kochi to Bangalore and Hyderabad.
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