Tuesday, January 22, 2008

HDIL to develop Rs 4000 crore cybercity (IT City) in Kochi

Kerala's first integrated IT township, a Rs 4000 crore Cybercity project is coming up near Kalamassery,Cochin.

This is being developed by the Housing Development and Infrastructure Ltd (HDIL),a major real estate developer in India. The cybercity, spread over a 70 acre land acquired from the public-sector Hindustan Machine Tools (HMT), would be having besides IT/ITeS, residential apartments, villas, schools, shopping malls, multiplex, club house, service apartments and a star hotel, Rakesh Kumar Wadhawan, Chairman, HDIL, said.

The project's foundation stone will be laid by Chief Minister V S Achuthanandan on January 19.

The cybercity would provide 60,000 direct and 1,50,000 indirect job opportunities at Kochi and is expected to be completed over a four-year period. Lower cost for IT space, huge pool of talent and qualified manpower had made the company prefer Kochi to Bangalore and Hyderabad

The HDIL cybercity will have a built up area of 80 lakh square feet and is the company's first flagship IT project in Kerala. The cybercity will be developed into various zones of residential, IT, Commercial, Hotel, Social and Infrastructure amenities, he said.

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