• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kochi, Jan. 18 Housing Development and Infrastructure Ltd (HDIL) has announced its plans to set up a cyber city in Kochi at an investment of Rs 4,000 crore.

The project, to be implemented through Blue Star Realtors Pvt Ltd, a subsidiary of HDIL, will be spread across an area of 70 acres at Kalamassery near here. Mr Rakesh Kumar Wadhawan, Chairman of HDIL, said at a press meet here on Thursday that the cyber city would be Kerala’s first integrated IT township having, besides IT/ITES, residential apartments, villas, schools, shopping malls, multiplex, club house, service apartments and a star hotel.

The Chief Minister, Mr V.S. Achuthanandan, will lay the foundation stone on Saturday for the project, which will be completed over a period of 48 months.

HDIL cyber city will have a built up area of 80 lakh sq ft and by setting up the facility, the company proposes to create a world class IT hub thereby providing 60,000 direct and 1,50,000 indirect jobs in Kochi, Mr Wadhawan said.

Besides providing job opportunities, the project will also generate over Rs 425 crore revenue for the Kerala Government by way of stamp and registration duty, and employee welfare and village tax, he added.

More Stories on : Infrastructure | Real Estate & Construction | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
When ESOPs had to sweat it out

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line