HDIL announces Cyber City at Kalamassery SEZ, Kochi

KOCHI: Housing Development and Infrastructure Limited (HDIL), one of the largest real estate companies on Thursday launched their Cybercity project at nearby Kalamassery.

The promoters of the project, Blue Star Realtors Private Limited, 100 percent owned subsidiary of HDIL will invest approximately Rs. 2300 crores in the project for which the state government had granted necessary clearances and SEZ status by Centre.

The project will be a state-of-the-art built up space of about 10 million square feet in the 70 acres land at Kalamassery Special Economic Zone.

State Industries Minister Elamaram Kareem inaugurated the commencement of the project. State Minister for Transport Joe Thettayil were among those present on the occasion.

Announcing the commencement of Cyber City, Rakesh Kumar Wadhawan, Chairman, HDIL said "Kochi has emerged as one of the top IT/ITES commercial real estate destinations. The project is expected to generate 60,000 new direct jobs.