Brigade Enterprises Secures Land for IT SEZ in Kochi's Info Park
Bangalore-based real estate developer Brigade Enterprises has acquired five acres within Info Park Kochi for the development of a new IT Special Economic Zone (SEZ). Info Park Kochi, developed by the Government of Kerala, is a prominent technology hub in the region. This acquisition represents Brigade's inaugural commercial project in Kochi.
Project Details and Timeline
The project, a joint venture with Info Park Kochi, is slated to commence construction within the next two months, with an estimated completion timeframe of three years. The development is anticipated to yield approximately 6,00,000 square feet of IT space.
Mr. M R Jaishankar, Chairman & Managing Director, Brigade Group, expressed his enthusiasm for the new venture: “We are glad to announce that we bagged the Info Park Project, our first commercial project in Cochin. The work on the project would start in a couple of months and will be completed three years thereafter. The built up area is likely to be around 6,00,000 sq ft of IT space which will be co-developed with Info Park Kochi”.
This strategic move by Brigade Enterprises signifies the company's expansion into the burgeoning commercial real estate market of Kochi, leveraging the thriving IT ecosystem within Info Park Kochi. The project is poised to contribute significantly to the city's growing IT infrastructure and attract further investment in the sector. This development is an important step towards strengthening Kochi’s reputation as a key technology center in India.