20-billion IT park to come up in Kochi

Friday, 14 September 2007, 07:00 Hrs
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Thiruvananthapuram: Mumbai-based Housing Development and Infrastructure Limited (HDIL) will build an IT Park in Kalamassery, Kochi. The 70-acre IT Park, named HDIL Cybercity, will be built at a cost of 20 billion.

HDIL, a part of the Wadhawan group, is investing in HDIL Cybercity through its subsidiary company Blue Star Realtors Pvt Ltd, HDIL chairman Rakesh Kumar Wadhawan told reporters here.

"The park would be spread over 70 acres and would have a total built up area of 7.9 million sq feet, of which 5.4 million sq ft will be used for IT ventures. The remaining will be for hotels, service apartments, shopping malls, clubhouses, schools and residential structures," said Wadhawan.

HDIL Cybercity will be a catalyst in Kerala's economic growth and is expected to generate 65,000 new jobs. The project is expected to require 9 million man-days to build.

HDIL has already appointed well-known architectural firm Aedas as consultants for the project.

Aedas, currently the fourth largest architectural practice in the world, were consultants to many large-scale infrastructure projects. These include the international cruise terminal, Xiamen, China, Crossrail in London, and Pentominium Tower, the world's tallest residential tower in Dubai.

HDIL is the flagship construction and real estate development company of the Wadhawan Group with market capitalisation of over 100 billion.

The company focuses on construction and development of IT Parks and integrated IT cities. It is developing 115 million sq ft in Mumbai metropolitan region, Hyderabad, Pune and Kochi.
Source: IANS
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