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« Carlson to acquire complete ownership of RHW | Home | Ambuja to enter Boutique Hotel Segment »

Bangalore firm sets up SEZ in Kerela

A Bangalore-based real estate developer Enterprises Ltd has entered the Kerala market with an IT SEZ Project at Kochi Info Park. The project, which will be co-developed with Kochi Info Park, will be build at an investment cost of Rs 160 crore. According to the company, the IT SEZ space will house about 5,000 employees and the project is expected to be completed in about two years.

Recently, Brigade Enterprises had secured a tender to co-develop 5 acres of land in Kochi to develop about 6 lakh square feet IT SEZ space. The company is committed to invest about Rs 400 crore in the state for projects related to IT SEZ and retail. Apart from this, the company also plans to start Rs 150 crore luxury island resort at nearby Vaikom with international standards. The firm is also exploring opportunities in Thiruvananthapuram, Kottayam. The company is wiling to invest Rs 1,000 crore on its various projects in Kerala in the next three years.

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