Kerala Govt Gives In-Principle Nod For IT Hub Expansion Project

The Kerala Cabinet on Thursday gave an in-principle nod to the Rs 1,600 crore-worth expansion project implemented by premier IT hub Technopark in its Phase-4 campus, Technocity, in nearby Pallippuram.
        
An integrated mini-township proposed in the Technocity campus, the QUAD project will have facilities such as office space, shopping, residential facilities, hospitals, schools, and colleges.
        
It is expected to create 40 lakhs square built-up space on completion of the project on 30 acres of land with an investment of Rs 1,600 crore, a CMO statement said.
        
"The target is to complete the project by mid-2025," it said.
        
The Technopark would have an IT office complex with an area of 8.50 lakh square feet on 5.5 acres at an investment of around Rs 381 crore, it said.
       
The building would have the capacity to accommodate 6,000 IT professionals at a time, the statement added.