Kerala govt gives in-principle permission for Pallipuram Technocity
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Thiruvananthapuram: The Kerala government has issued in-principle approval for Technopark's Rs 1,600 crore-worth expansion project for its Phase-campus in Technosity, Pallipuram here. The state cabinet gave its nod on Thursday for the premier IT hub, PTI reported.
QUAD, an integrated mini-township tabled for the Technocity campus, will have office space, shopping and residential facilities, hospitals, schools and colleges.
The Chief Minister's Office said in a statement that QUAD is expected to be built in 40 lakh square built-up space on completion of the 30 acres of land.
It said, "The target is to complete the project by mid-2025."
It said that Technopark would have an IT office complex with an area of 8.50 lakh square feet on 5.5 acres, and its investment in the same is Rs 381 crore.
The statement added that the building would have the capacity to house 6,000 IT professionals at a time.