Mega IT project Technopark agreement signed finally after 6 years

Thiruvananthapuram, March 14: Six years after mega IT project Technopark was first mooted, the final agreement was signed on Wednesday between a joint venture and the Kerala government for development of 2.8 million square feet of premium Grade A office space at its campus here under the SEZ category while another 500,000 square feet space will be under the non-SEZ category.

The land has been leased from Technopark, for a period of 90 years and out of the 12.12 acres earmarked for office space, 10 acres is under the Special Economic Zone (SEZ) and 2.12 acres is non-SEZ.

A 175-room business hotel project will come up in another 7.64 acres of land. The agreement was signed between officials of Embassy Property Development Pvt Ltd, Taurus Investment Holdings, and JV entities Winterfell Realty Private Ltd and Dorne Realty Private Ltd in the presence of Kerala Chief Minister Pinarayi Vijayan.