SmartCity Kochi plans to raise Rs 4,000 cr for township projects

Kerala govt-Dubai Holding JV will develop residential, sports & recreation facilities on 30 acres in phase-3; Under phases 4 and 5, it will spend Rs 200 cr on 45 acres of additional plots

SmartCity Kochi, a joint venture company of the Kerala government and Dubai Holding, has drawn up ambitious plans to raise an additional Rs 4,000 crore. The money will be used for Phase-III, IV and V development by activating infrastructure ready residential plots and by completing the balance infrastructure development in its township side.

"Phase-III will have residential, sports & recreation facilities and mixed-use developments on 30 acres of land. Phase IV and V planning is underway where we would invest an estimated Rs 200 crore to complete the remaining infrastructure to activate 45 acres of additional plots that could be offered