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Investors Showing Interest, Infopark Phase 3 Could Come Up On 500 Acres
The New Indian Express Kannur
|February 23, 2025
Integrated township project, featuring 15 mn sqft of IT space, to be developed using land-pooling model: Infopark CEO
Investors are eager to participate in the third phase of Infopark, a project conceptualised by the state government, as authorities now plan to develop the integrated township on approximately 500 acres -- bigger than initially planned -- using the novel land-pooling model.
Speaking to TNIE on the sidelines of the Invest Kerala Global Summit (IKGS) 2025, Infopark CEO Susanth Kurunthil revealed that several players have expressed interest in investing in the integrated IT township.
"This will be a comprehensive township, featuring 15 million sqft of IT space -- double our current capacity. We initially thought it would involve around 300 acres. Now we have a comprehensive design in place. And, with all the amenities that we want to include, this would go up to around 450-500 acres," he said.
The first two phases are fully occupied, he noted. "May be even 102%. [Even the] new Lulu Cyber Tower-2 is fully occupied... [So] we need land, we need space, and the good thing about Kochi is there is a lot of investor interest. I have a queue for built-up space, and also land," Susanth said, while confirming receipt of expression of interest (EOI) from investors.
Dit verhaal komt uit de February 23, 2025-editie van The New Indian Express Kannur.
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