Bengaluru-based real estate company, Maratt Group, will set up his its first knowledge-based Information Technology (IT) building in Kerala - Maratt Techpark - at SmartCity Kochi.

Maratt Techpark is expected to generate over 4,000 IT employment opportunities.

The Rs 112-crore project on 3.06 acres will have a total area of half a million square feet (sq ft) and leasable area of 3.5 lakh sq ft. The building is expected to be complete and operational by April 2021.

Designed in accordance with the green building concepts to provide top quality IT space to the companies, the project envisages three levels of car parking and seven floors above it. Each floor will have a carpet area of 50,000 sq ft, which can be divided into four independent work spaces if required. The parking area can accommodate 570 four wheelers and 2,600 two-wheelers.

The special features in the building include LEED certification, energy-saving measures, sewage treatment plant, solid waste disposal measures, power backup and use of solar power.

M K Marattukalam, Chairman & Managing Director, Maratt Group said that Maratt Techpark will provide work spaces conforming to global standards.The project can cater to a cluster of global MNCs or single IT occupant.

SmartCity Kochi Chief Executive Officer (CEO) Manoj Nair said, “We are also discussing with the co-developer to explore specific facility accreditation that will help attract niche IT companies to Maratt Tech Park. The progress of the project is on schedule and the facility will open for occupancy from April 2021.”