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Agreement inked to develop more IT space at Technopark

Wednesday - March 14, 2018 10:14 pm , Category : BUSINESS

Thiruvananthapuram March 14 (IANS) 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.

Embassy the leading commercial office space provider in the country will bring in its proven expertise of project development leasing and property management to this landmark project while Bengaluru-based onternational construction management firm Synergy Property Development will manage the development of the project.

Vijayan said Embassy Taurus World Technology Centre that is being set up in Technopark will impact Kerala s IT scene like never before.

"The project will facilitate creation of 35 000 direct jobs which will help the state to leapfrog to the status of top tier II destination in India " he said.

Embassy CMD Jitu Virwani said their foray into the state of Kerala is in line wilow of runs towards the later part of the innings.

Pacer Mohammed Siraj who came into the playing XI replacing left-armer Jaydev Unadkat was at the receiving end of Rahim s aggression but managed to contain the Bangladeshis towards the end.

Earlier the Indian openers Rohit and Shikhar Dhawan (35) clicked at the right time with a 70-run stand after being put in to bat.

Skipper Rohit who was out of form for quite a long time returned to form and slammed his 13th T20 fifty (off 42 balls).

Aiming to cement his place in the T20 side veteran Suresh Raina (47) also contributed handsomely to the cause.

The last four overs saw some brilliant hammering from Rohit and Raina before the southpaw who was three short of his 50 at that point was caught by Sarkar off Rubel Hossain. His 30-ball knock comprised five boundaries and two sixes.

The last ball of the innings saw Rohit who played 61 balls getting run out while going for a single and thus India posted 176 runs in their allotted 20 overs.

Brief Scores: India 176/3 (Rohit Sharma 89 Suresh Raina 47; Rubel Hossain 2/27) beat Bangladesh 159/6 (Mushfiqur Rahim 72 not out Tamim Iqbal 27 Sabbir Rahman 27; Washington Sundar 3/22 Yuzvendra Chahal 1/21) by 17 runs.

--IANS
tri/dg

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