The Smart City project, which will involve an investment of $350 million, will boast of 88 lakh sq ft of built-up space and supporting infrastructure for IT and ITeS companies. The whole project will be spread across 246 acres of land.The project promises to generate as many as 90,000 high-paying jobs over a 10-year period. A master-plan for the development of the project will be drawn up and it is expected to take a year to start work. An elated CM points out, �The Smart City project will play a key role in tapping Kerala�s enormous potential for the development of key industries like ICT and media.�
It was as if the realtors were waiting for the Smart City deal to be signed. Kakkanad, which till recently used to be a quiet, sleepy part of Kochi, woke up when the Infopark came into being. Individuals who had owned most part of the area in the form of paddy fields realised that they too were becoming part of the booming realty scenario. With the Smart City agreement in place, the real estate business is experiencing a new buzz..........Read More in Business Standard
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