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Prestige Group, one of the leading property developers, has begun the construction of its IT project at SmartCity Kochi. Construction work of the Group’s first IT project in Kerala was launched by Irfan Razack, Chairman and Managing Director.
At SmartCity, the Bengaluru-based company will develop two IT towers with a total built-up area of 12 lakh sq. ft. in an area of 8 acres. The project entails an investment of Rs 300 crore. The project, which is expected to be completed in two-and-a-half years, will create over 10,000 jobs when fully occupied.
At present, the company has IT towers in Bengaluru, Chennai and Hyderabad. Its clientele includes leading corporate entities like JP Morgan Chase, Oracle, Nokia and Airtel.
Speaking on the occasion, Razack said that Kerala has huge potential in the IT sector and the company is looking forward to tap it.
Manoj Nair, CEO, SmartCity Kochi, said, “We are on track to achieve over 6 million sq. ft. of IT space by 2021. With other co-developers also in the design and planning phase of their projects, these developments are providing us the required impetus to attract investors to participate in other features and elements of the integrated township model of SmartCity Kochi.”
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