The Kerala Cabinet on Thursday gave an in-principle nod to the ₹1,600 crore-worth expansion project implemented by premier IT hub Technopark in its Phase-4 campus, Technocity, in nearby Pallippuram.
An integrated mini-township proposed in Technocity campus, the QUAD project will have facilities such as office space, shopping and residential facilities, hospitals, schools and colleges.
With ₹1,600 crore investment, it is expected to create 40 lakh square built-up space on completion of the 30-acre project , a CMO statement here said.
"The target is to complete the project by mid-2025," it said.
The Technopark would have an IT office complex with an area of 8.50 lakh square feet on 5.5 acres at an investment of around ₹381 crore, it said.
The building would have the capacity to accommodate 6,000 IT professionals at a time, the statement added.

Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.