Kozhikode's Cyber Park Expansion Reshaping Local Commercial Real Estate
Kozhikode’s IT sector, driven by the UL CyberPark expansion, is creating a huge demand for commercial real estate. Recent data shows a 30% increase in office space absorption, with tech firms leading the way. This growth makes the city a hotspot for digital-first businesses and scalable infrastructure solutions.
Key Drivers of Demand
- IT/ITES Sector Boom: Companies in AI, data science, and cybersecurity are grabbing premium office spaces, attracted by top-notch facilities and talent.
- Infrastructure Modernization: Phase II expansion includes cloud-enabled workspaces, IoT-driven building management, and high-speed connectivity.
- Strategic Location: Kozhikode has strong connectivity, a skilled workforce, and is near global markets.
Economic and Employment Impact
| Metric | Detail |
|---|---|
| Export Turnover | ₹162 crore (Q3 FY25) |
| Cumulative Exports | ₹408 crore+ |
| Job Creation | Thousands in IT, hospitality, and retail |
‘North Kerala is seeing less talent drain as employers offer competitive opportunities,’ say industry analysts. This shift highlights CyberPark’s role in spreading India’s IT ecosystem and boosting regional GDP.
Future Projects Enhancing Infrastructure
- Beypore Port Development: Sagarmala Programme-funded deepening (10 meters) to handle larger vessels, supporting regional logistics.
- Kozhikode Canal City: ₹1,118 crore project to revive Conolly Canal as a tourism and transport hub, starting 2026.
- Smart Infrastructure: AI-powered operations and green IT practices focus on sustainability.
Why Investors Are Taking Notice
- Risk Mitigation: Diverse demand from IT, professorial services, and SMEs ensures steady occupancy rates.
- Infrastructure Synergy: Located near logistics hubs like Beypore Port, creating ecosystem advantages.
- Policy Support: Government initiatives like the Canal City project show long-term commitment to infrastructure development.
As CyberPark grows, real estate experts foresee sustained growth in commercial property values, especially in integrated business districts. Developers should prioritize scalable mixed-use projects that fit the city’s tech-driven economy.
This expansion isn’t just an upgrade—it marks Kerala’s move to establish north India’s first full-fledged smart city ecosystem. With UL CyberPark’s phased development and state projects, Kozhikode’s commercial real estate landscape is set for transformative growth.