HDIL begins work on Cybercity project

Housing Development and Infrastructure (HDIL) has launched the Cybercity project at Kalamassery, near here, having received the necessary clearances from the state government to the project, which had received SEZ status from the Government of India.

The promoters of the project, Blue Star Realtors Pvt Ltd, a fully-owned subsidiary of HDIL, will invest approximately Rs 2,300 crore in the state-of-the-art project which will have a built-up space of about 10 million sft on the 70 acre site.

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.

 

Elamaram Kareem, minister for Industries, inaugurated the project construction activity. Jose Thettayil, minister for transport, presided over the function. The project is designed to be in corformity with green building concepts. Buildings and structures will occupy only 20 per cent while the rest of the area will have green cover. No drainage would go out of the project area as the sewage is to be treated internally. Around 7million-sft of the total built-up area is dedicated to IT infrastructure.

The project is expected to be executed in three phases and would include amenities like hospital, training school, shopping complex, multiplex and office space for IT companies. The residential component will also be developed simultaneously. seeks R&D tieups with SMEs