SmartCity Kochi to draw IT companies and boost investments in Kerala augmenting state’s growth. SmartCity Kochi (SCK), a joint venture between Dubai Holding’s SmartCity and the Government of Kerala held its first Road-Show in the city today. The Project includes a futuristic 246-acre knowledge hub in Kochi, Kerala.
Bangalore, January 27, 2014: (PressReleasePoint) -SmartCity Kochi (SCK), a joint venture between Dubai Holding’s SmartCity and the Government of Kerala held its first Road-Show in the city today. The Project includes a futuristic 246-acre knowledge hub in Kochi, Kerala. Major partnerships related to the SEZ were signed today covering office spaces, residences, apartments, retail, and a centre for digital sciences. Earlier this year SCK signed 2 partnerships for development of apartments and a K-12 school. This new development will amount to building over 25 lakhs sqft of built up space in the first phase of development.
The new partnerships signed today include,
Whitefield Estates’ development over 3 phases for the ICT office spaces with a total Built-up-Area (BuA) of 18 lakhs sqft
Bangalore-based Maratt Ltd.’s, Grade A office complex for knowledge-based companies spread over 3 lakhs sqft of BuA
Kochi-based Elton Technologies’ digital cluster to be known as International Centre for Digital Creative Sciences will be spread over 4.5 lakhs sqft of BuA. It will focus on the development and training of individuals in various Digital Creative Sciences like, Architecture, Fashion, Technology, Automobile Engineering, Product design, Cinematography & Software Development.
Earlier in his message from Thiruvananthapuram, capital of Kerala, Chief Minister Shri Oommen Chandy stated, “SmartCity Kochi has the potential to take the IT aspirations of Kerala to new heights. The project is fast emerging as one of the proud symbols of Kerala’s developmental initiatives. I am sure that the SmartCity Road-Show in Bangalore
will unveil many avenues to prospective stakeholders, enabling them to become a part of one of the most harmonious destinations for doing business in India. I look forward to rewarding partnerships as part of this Road-Show.”
Addressing the Road-Show, H. E. Abdullatif AlMulla, Chief Business Development Officer, Dubai Holding and Vice Chairman, SmartCity Kochi, remarked, “We are very proud of the progress in achieving our vision together with our co-developing partners. Looking forward, we would like to invite the distinguished IT and knowledge-based companies to be a part of SmartCity’s vision of creating a global network of knowledge clusters.” He added, “We thank all our current and future partners for believing in and wishing us success”.
Earlier, Dubai-based GEMS Education had announced their first campus in South India in SmartCity, Kochi offering an International Kindergarten to 12th grade curriculum for 3,000 students. In addition, Kerala-based Asten Realtors is also collaborating to develop 5 apartment towers of 24 storeys each. Unique to the region, the apartments will feature automated homes with modern world-class amenities.
In his presentation, Dr. Baju George, Managing Director, SCK said, “Thanks to our partners, SCK today has a higher growth potential than before. It is designed to be a Digital Knowledge Township and part of an international network of clusters that connect Europe, Middle East and the Indian subcontinent. The vision is to bring businesses, people and knowledge closer through this initiative.”
SCK01, one of India’s largest LEED Platinum rated IT Building (6.5 lakh sqft), will be operational by December 2014 and a number of major IT players have already expressed interest to have their presence at SCK01.
About SmartCity Kochi
SmartCity Kochi is a joint venture between the Government of Kerala and SmartCity where the Government of Kerala has a 16% equity stake. SmartCity is the international business parks arm of Dubai Holding, and is envisioned to develop and manage a network of interconnected business townships across the world in order to replicate the astounding success the 11 business parks across 5 sectors in Dubai have witnessed. These business parks house 50,000 knowledge workers.
SmartCity Kochi is designed as a hub for all Information and Communication Technology (ICT), Media, Finance and Research & Innovation clusters, attracting companies from within India and from overseas.
About Whitefield Estates Pvt Ltd
Bangalore-based Whitefield Estates Pvt Ltd, is a joint venture of Kelachandra Group and Fortius Infra. The 230- year old Kelachandra Group has investments in agriculture, rubber plantation, engineering and manufacturing industries while Fortius Infra founded in 2013 by Gopi Krishnan, a veteran who has over two decades of diversified experience in almost every aspect of the real estate business, both in India and internationally, has considerable experience in developing cutting edge Information Technology Parks.
Established in 2001, Kochi-based Elton Technologies specializes in into the development and training of individuals in various digital creative sciences like architecture, fashion, technology, automobiles, engineering, product design, cinematography and software development. The company has also entered into an international alliance in digital creative training.
GEMS is the world's largest private provider of K-12 education and has been operating for over 50 years. It boasts a global network of award winning international schools with over 1,42,000 students from 151 countries and it employs over 11,000 education professionals, specialists and staff from over 80 countries.
Kerala-based Asten Realtors, with over 25 years of experience in the real estate development, is one of the fastest growing brands in the Kerala real estate, which has some innovative and unique projects in the state.
Rajagiri Campus Court spread over 14 lakh SQF. is the first integrated residential and commercial project in the city of Kochi. The project includes Asten Mall, a high-end commercial shopping facility, multiplexes, a 100 room luxury hotel block and 368 apartments. Asten Realtors’ other projects include Cocoon, a 4-acre, 55-unit waterfront villament project; Nautica, another waterfront apartment project of 64 units in two towers of 18 storeys; Veneziano, an exclusive villa project of 40 units which combines Venetian ambience, Kerala greenery and contemporary design; Dew Dale at Kanjirapally , featuring 2 and 3 bedroom apartments.
Bangalore-based Maratt Ltd is experienced in the development of more than 230 joint developments in and around Bangalore. Established in 1946, Maratt group, in addition to property development, has interests in plantations and agro-based industries.
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