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.
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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.
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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.
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"The target is to complete the project by mid-2025," it said.
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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.
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The building would have the capacity to accommodate 6,000 IT professionals at a time, the statement added.