HDIL Cybercity, Kochi

http://img230.imageshack.us/img230/5033/36532496.jpg

http://img545.imageshack.us/img545/8647/26976871.jpg

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http://img152.imageshack.us/img152/979/84029691.jpg

HDIL Cybercity is an IT infrastructure project, to be setup in Kalamassery,

proposed by Housing Development and Infrastructure Limited (HDIL)

Estimates:

Project cost: Rs 4000 crore

Area: 70 acres

Expected built-up area: 80 lakh square feet

Management: "Housing Development and Infrastructure Limited" and it's 100%

subsidiary "Blue Star Realtors"

Employment opportunities: 60,000 direct jobs, 1,50,000 indirect jobs

Proposal: Kerala's first integrated township housing besides IT offices, schools,

residential apartments, shopping malls, multiplex, club house, service apartments

and a star hotel

Hello,

Can some one pls tell me, whats up with this project?
Whats the status and plans?

Thanks

According to todays Manorama, construction will start next week.

സൈബര്* സിറ്റിയും യാഥാര്*ഥ്യമാകുന്നു (http://www.manoramaonline.com/cgi-bin/MMOnline.dll/portal/localContentView.do?tabId=16&contentId=8773135&district=Cochin&programId=1079897624&BV_ID=@@@)

കളമശേരി: കൊച്ചിയുടെ പ്രത്യേകിച്ചു കളമശേരിയുടെ വികസനത്തിനും പതിനായിരങ്ങളുടെ തൊഴിലിനും വഴിതെളിക്കുന്ന സൈബര്* സിറ്റിയും യാഥാര്*ഥ്യമാകുന്നു. പദ്ധതിയുടെ നിര്*മാണ പ്രവര്*ത്തനങ്ങള്* അടുത്തയാഴ്ച ആരംഭിക്കും. ഇതിനാവശ്യമായ നിലമൊരുക്കല്* പ്രക്രിയ അതിവേഗം മുന്നോട്ടു പോവുന്നു.

എച്ച്എംടിയില്* നിന്നു വാങ്ങിയ 70 ഏക്കറില്* 2500 കോടിയിലേറെ രൂപ ചെലവഴിച്ചാണു പദ്ധതി നടപ്പിലാക്കുന്നത്. നിക്ഷേപ സാധ്യതകൂടി കണക്കിലെടുക്കുമ്പോള്* ഇതു 4000 കോടി രൂപയോളമാകും. മൂന്നു ഘട്ടമായി നിര്*മിക്കുന്ന പദ്ധതിയുടെ ആദ്യഘട്ടം മൂന്നു വര്*ഷത്തിനകം പൂര്*ത്തിയാക്കും. 60,000 പേര്*ക്കു പ്രത്യക്ഷമായും ഒന്നരലക്ഷം പേര്*ക്കു പരോക്ഷമായും തൊഴില്* നല്*കാനാകുമെന്നാണു കമ്പനിയുടെ പ്രതീക്ഷ.

പത്തുവര്*ഷം കൊണ്ടു പദ്ധതി പൂര്*ണമായും യാഥാര്*ഥ്യമാക്കാനാണു ശ്രമം. പദ്ധതി പ്രദേശം പ്രത്യേക സാമ്പത്തിക മേഖലയായി പ്രഖ്യാപിച്ചിട്ടുണ്ട്. കേന്ദ്ര പരിസ്ഥിതി മന്ത്രാലയത്തിന്റെതുള്*പ്പെടെ സര്*ക്കാര്* തലത്തിലുള്ള അനുമതികളെല്ലാം ലഭിച്ചുകഴിഞ്ഞു. പദ്ധതിയുടെ മാസ്റ്റര്*പ്ളാനിനും അനുമതിയായി. പദ്ധതി സൈബര്*സിറ്റി 'കളമശേരി പ്രത്യേക സാമ്പത്തിക മേഖലഎന്നാണ് അറിയപ്പെടുക.

2006 നവംബര്* 16നാണ് എച്ച്എംടിയില്* നിന്ന് എച്ച്ഡിഐഎല്ലിന്റെ സബ്സിഡിയറി സ്ഥാപനമായ ബ്ളൂസ്റ്റാര്* റിയല്*റ്റേഴ്സ് ഭൂമി റജിസ്റ്റര്* ചെയ്തു വാങ്ങിയത്. ഭൂമി വില്*പന സംബന്ധിച്ച് ഉയര്*ന്ന വിവാദങ്ങള്*ക്കു വിരാമമാകുകയും ഭൂമി കൈമാറ്റം ഹൈക്കോടതിയും
സുപ്രീംകോടതിയും ശരിവയ്ക്കുകയും ചെയ്തതോടെയാണു പദ്ധതിക്കു വീണ്ടും ജീവന്* വച്ചത്. മൂന്നു വര്*ഷമാണു വിവാദം മൂലം നഷ്ടമായത്.

റസിഡന്*ഷ്യല്*, ഐടി, കൊമേഴ്സ്യല്*, ഹോട്ടല്* സമുച്ചയങ്ങളും മറ്റ് അടിസ്ഥാന സൌകര്യങ്ങളും ഉള്*പ്പെടുന്നതാണു സൈബര്* സിറ്റി. ഒരു കോടി ചതുരശ്ര അടിയിലാണു സൈബര്*സിറ്റി ഉയരുന്നത്. ഇതില്* 70 ശതമാനവും ഐടി, ഐടി അനുബന്ധ ഉപയോഗങ്ങള്*ക്കുള്ള കെട്ടിടങ്ങളാണ്. ഐടി സമുച്ചയത്തില്* പത്തുമുതല്* 15 നിലകള്* വരെയുള്ള ആറുകെട്ടിടങ്ങളും സൈബര്*സിറ്റിയുടെ മുഖഛായയായി മാറാവുന്ന 30 നിലകളോടു കൂടിയ ക്രിസ്റ്റല്* കെട്ടിടവും ഉണ്ടാകും.

പാര്*പ്പിട മേഖലയില്* 16 മുതല്* 20 നിലകള്* വരെയുള്ള അപ്പാര്*ട്ടുമെന്റുകളാണു രൂപകല്*പന ചെയ്തിട്ടുള്ളത്. 20 നിലകളുള്ള രണ്ടും ഒന്*പതു നിലയുള്ള ഒന്നും അപ്പാര്*ട്ടുമെന്റുകളും അഞ്ചു നിലയുള്ള ഷോപ്പിങ് മാള്*, ഏഴു നിലകളിലായി സ്കൂള്*, 15 നിലയുള്ള സ്റ്റാര്* ഹോട്ടല്*, ക്ളബ് ഹൌസ് തുടങ്ങിയവയൊക്കെ കമ്പനി സമര്*പ്പിച്ച ഡവലപ്മെന്റ് പ്ളാനിലുണ്ട്. എല്ലാം ലോക നിലവാരത്തിലായിരിക്കും നിര്*മിക്കുകയെന്നും എച്ച്ഡിഐഎല്* ഉറപ്പു നല്*കുന്നു. കൂടാതെ ഹരിത സാങ്കേതിക വിദ്യകള്* ഉപയോഗിച്ചു പരിസ്ഥിതിക്കു കോട്ടം വരുത്താതെയാകും അടിസ്ഥാന സൌകര്യവികസനമെന്നും ബന്ധപ്പെട്ടവര്* വ്യക്തമാക്കുന്നു.

പദ്ധതി പ്രാവര്*ത്തികമാകുന്നതോടെ കെട്ടിട നികുതിയിനത്തിലും തൊഴില്*കരമായും കളമശേരി നഗരസഭയ്ക്കു ചുരുങ്ങിയതു രണ്ടുകോടി പ്രതിവര്*ഷ വരുമാനം ലഭിക്കുമെന്നാണു പ്രതീക്ഷ. മനുഷ്യ വിഭവ ശേഷിയുടെ ഗുണമേന്മയും ടെലിഫോണ്* സാന്ദ്രതയും ഓപ്റ്റിക്കല്* ഫൈബര്* കണക്ടിവിറ്റിയും കുറഞ്ഞ ചെലവുകളുമാണു സൈബര്*സിറ്റിയെ ഇവിടേക്ക് ആകര്*ഷിച്ചത്. ഐടി സ്പേസിനുള്ള വിലക്കുറവും മനുഷ്യവിഭവ ശേഷിയുടെ ഉയര്*ന്ന ലഭ്യതയും കണക്കിലെടുത്താണു സൈബര്* സിറ്റി കേരളത്തില്* സ്ഥാപിക്കാന്* മുംബൈ ആസ്ഥാനമായ ഹൌസിങ് ഡവലപ്മെന്റ് ഇന്*ഫ്രാസ്ട്രക്ചര്* ലിമിറ്റഡ് തീരുമാനിച്ചത്.

വിവാദങ്ങളില്* നഷ്ടമായത് മൂന്നു വര്*ഷം
കളമശേരി: വിവാദങ്ങളും വ്യവഹാരങ്ങളും സൈബര്*സിറ്റിയുടെ നിര്*മാണ കാലഘട്ടത്തിന്റെ വിലപ്പെട്ട മൂന്നു വര്*ഷമാണു നഷ്ടമാക്കിയത്. എച്ച്എംടി ഭൂമി കൈമാറ്റം ക്രമവിരുദ്ധമെന്ന് ആദ്യം വെടിപൊട്ടിച്ചതു മുഖ്യമന്ത്രി വി.എസ്. അച്യുതാനന്ദന്*. ഇതിന്റെ പേരില്* 2008 ജനുവരി 15നു നടത്തിയ സൈബര്*സിറ്റിയുടെ ശിലാസ്ഥാപന ചടങ്ങില്* നിന്നു മുഖ്യമന്ത്രി വിട്ടുനിന്നു. മുഖ്യമന്ത്രിയുടെ ഈ തീരുമാനം സിപിഎമ്മിനുള്ളിലെ ഗ്രൂപ്പ് സമവാക്യങ്ങളെ മാറ്റിയെഴുതി.

മുഖ്യമന്ത്രി വി.എസ്. അച്യുതാനന്ദനൊപ്പം ഉറച്ചുനിന്നിരുന്ന സിപിഎം ജില്ലാ സെക്രട്ടറി ഗോപി കോട്ടമുറിക്കല്*, മന്ത്രി എളമരം കരീമിനു പിന്തുണ പ്രഖ്യാപിച്ച് ഒൌദ്യോഗിക പക്ഷത്തേക്കു മാറിയതും ഇതോടെയാണ്. തറക്കല്ലിടല്* മാറ്റിവയ്ക്കണമെന്ന മുഖ്യമന്ത്രിയുടെ ആവശ്യവും ജില്ലാ കമ്മിറ്റി തള്ളിക്കളഞ്ഞിരുന്നു. സ്മാര്*ട് സിറ്റിക്കു മുന്*പു സൈബര്* സിറ്റി യാഥാര്*ഥ്യമാകുന്നതിനോട് ഒരു വിഭാഗത്തിനുള്ള താല്*പര്യമില്ലായ്മയായിരുന്നു ഈ നീക്കത്തിനു പിന്നിലെന്നും വ്യാഖ്യാനമുണ്ടായിരുന്നു. മുഖ്യമന്ത്രിയുടെ തീരുമാനമാണു സൈബര്*സിറ്റി പദ്ധതിപ്രദേശത്തെ പിന്നീടുള്ള രണ്ടുവര്*ഷം വിവാദമയമാക്കിയത്. സൈബര്* സിറ്റി പദ്ധതി പ്രദേശത്തെ ചുറ്റുമതിലാണു സമരക്കാരുടെ രോഷം ഏറ്റുവാങ്ങിയത്. മതിലിന്റെ പല ഭാഗവും സമരക്കാര്* തകര്*ത്തു.

1. Construction to start next week
2. To be built in 3 phases, Total investment of 2500 Crore,
3. Total built up area would be 10 Million SQFT
4. 70 % of the space to be used for building IT/ITes infrastructure
5. Will also have Apartments,shopping Mall,Star Hotel,Club House,school etc
6. Project has got all necessary clearances

Kochi is going great guns!! :banana:

Here is the report in Manorama,

http://img152.imageshack.us/img152/1482/newbitmapimagek.png

Thank you all..

If am not wrong, this project is being constructed by HDIL's subsidary - BlueStar...any comments on that?

Cybercity construction inauguration on 17th
The construction inauguration of HDIL Cybercity will take place on Feb 17. The subsidiary of HDIL, Blue Star Realtors are the promoters of the project. The project will be known as Kalamassery Special Economic Zone.

The 10million sq. ft constructional project will come up in 70o acres of land sold by the HMT. 70% of the total buildup is meant for IT and related projects. 1st phase of the Rs 2500Cr project will be completed in 3years. The whole project, expected to be completed in 10 years in 3 phases, is expected to create 60,000 direct jobs.


സൈബര് സിറ്റി നിര്മാണ ഉദ്ഘാടനം 17ന്

കൊച്ചി: ഒടുവില് കളമശ്ശേരി സൈബര് സിറ്റി യാഥാര്ത്ഥ്യമാകുന്നു. വിവാദങ്ങള്ക്കിടയില് ഞെരുങ്ങിപ്പോയ പദ്ധതിയുടെ നിര്മാണ ഉദ്ഘാടനം ഫിബ്രവരി 17-നു നടക്കും. എച്ച്എംടി എസ്റ്റേറ്റിനു സമീപമുള്ള പദ്ധതി പ്രദേശത്ത് കാലത്ത് 10.30ന് വ്യവസായ മന്ത്രി എളമരം കരീം നിര്മാണോദ്ഘാടനം നിര്വഹിക്കും. 2008 ജനവരി 15ന് ശിലാസ്ഥാപനം നടത്തിയ പദ്ധതി പിന്നീട് വിവാദങ്ങളില് പെടുകയായിരുന്നു.

എച്ച്ഡിഐഎല്-ന്റെ ഉപ കമ്പനിയായ ബ്ലൂസ്റ്റാര് റിയല്റ്റേഴ്സ് നടപ്പാക്കുന്ന പദ്ധതി കളമശ്ശേരി സ്പെഷല് ഇക്കണോമിക്സ് സോണ് എന്നാകും അറിയപ്പെടുക. എച്ച്എംടി വിറ്റ 70 ഏക്കറില് ഒരു കോടി ചതുരശ്രയടിയുടെ നിര്മാണ പ്രവര്ത്തനങ്ങള് ഇവിടെ നടക്കും. ഇതില് 70 ശതമാനവും ഐടിക്കും അനുബന്ധ ഉപയോഗങ്ങള്ക്കുമായിരിക്കും. ബാക്കി പാര്പ്പിട, വ്യവസായ ഉല്ലാസ കാര്യങ്ങള്ക്ക് വിനിയോഗിക്കും. വന്കിട ഹോട്ടലുകള്, മാളുകള്, മള്ട്ടിപ്ലക്സ് ക്ലബ്ബുകള്, ക്ലബ് ഹൗസ് തുടങ്ങിയവ ഇതില് ഉള്പ്പെടും.

60,000 പേര്ക്ക് പ്രത്യക്ഷത്തില് തൊഴില് നല്കുമെന്നാണ് വാഗ്ദാനം. ഒന്നാം ഘട്ടം മൂന്നു വര്ഷത്തിനകം പൂര്ത്തിയാക്കും. 2500 കോടിയാണ് മുതല്മുടക്ക്. 2000 കോടിയുടെ നിക്ഷേപം ഐടി മേഖലയില് പ്രതീക്ഷിക്കുന്നു. മൂന്നു ഘട്ടമായി 10 വര്ഷത്തിനുള്ളില് പദ്ധതി സമ്പൂര്ണമാക്കും.

2006 നവംബറിലാണ് എച്ച്എംടി ഭൂമി ബ്ലൂസ്റ്റാറിന് കൈമാറിയത്. ഭൂമി വില്പന സംബന്ധിച്ച തര്ക്കമാണ് പദ്ധതി വൈകാന് കാരണം.

ഭൂമി കൈമാറ്റം പിന്നീട് ഹൈക്കോടതിയും സുപ്രീംകോടതിയും അംഗീകരിച്ചു. എല്ലാവിധ അനുമതിയും പദ്ധതിക്ക് ലഭിച്ചു കഴിഞ്ഞതായി എച്ച്ഡിഐഎല് അധികൃതര് പറഞ്ഞു.
Mathrubhumi (http://www.mathrubhumi.com/business/news_articles/story-158296.html)

Its really happening for Kochi :banana:

Thats great news :cheers1:

Is the first render the official one?

Cybercity construction inauguration on 17th



Mathrubhumi (http://www.mathrubhumi.com/business/news_articles/story-158296.html)

Its really happening for Kochi :banana:

Great !!! I believe its something revolutionary in Kerala. 10 million sq ft that too a private player making it fully without govt stake and interferences and a proper IT Township.... Truly Kochi is all set to make a giant leap. 10 Million for Cybercity, around 9 million Smart City and around 4 million Infopark..... Something mind blowing:banana::banana::banana:

Good going.... I hope 2011 will be good for Kerala in general, considering lot of positive news generated at beginning of year.....

I wonder why their website have no update on this. Not even listed!!

Cybercity construction inauguration on 17th



Mathrubhumi (http://www.mathrubhumi.com/business/news_articles/story-158296.html)

Its really happening for Kochi :banana:

amazinggg , hope things started moving noww

Kerala's largest IT project all set to take off
http://keralaitnews.com/images/resized/images/stories/kit_/hdil_200_200.jpg

HDIL Cyber City, a project by Blue Star Realtors, a subsidiary of the Mumbai based construction major Housing Development and Infrastructure Ltd., at the Special Economic Zone at Kalamassery near Kochi will be launched on February 17, 2011 by the State Minister for Industries and Commerce, Shri Elamaram Kareem.

With 7 million sq.ft. of IT space spread over a total built-up area of 10 million sq.ft. and an investment of Rs.2,300 crores, the HDIL Cyber City will be the largest IT project in Kerala. The state-of-the-art IT park is expected to offer direct employment for 60,000 people and about 1,50,000 indirect jobs. The Cyber City is planned as an integrated township with residential apartments, schools, shopping malls, service apartments and infrastructure facilities for IT and ITeS companies.

The project is coming up on 70 acres purchased from HMT in 2005 through bidding. The Industries Minister had laid the foundation stone for the project in January 2008 but the project got embroiled in litigation over the sale of the land by HMT. Later the deal was approved by the courts.
Kerala IT News (http://keralaitnews.com/news-outside-parks/thiruvananthapuram/2073-hdil-cyber-city-bluestar-kochi)

Kerala's largest IT project all set to take off:lol:

Don't no from where are these coming from,The Great Technopark,First and the largest IT park in the country,the biggest in Asia,the 2nd phase and the 3rd phase work started and are nearing an end?the Technocity?The Technocity alone is a 450 acre,20 Mn Sq Ft of SEZ ,one of the Largest Technology park in the World,and comparing that to a mere 70 acre project by stating as the largest IT project !!!!



No fighting,Peace :)

^^Leave it, it is just an wrong adjective given by a private portal which is not an authentic one.

Work on Cyber City to begin today

After being riddled with controversy for more than four years, the Cyber City project at Kalamassery is all set to take off.

Minister for Industries Elamaram Karim will launch the construction work of the project at 10.30 a.m. on Thursday. Minister for Transport Jose Thettayil will preside.

The project assumes significance coming as it does close on the heels of the progress in the SmartCity Kochi project.

The Cyber City project has been named the Kalamassery Special Economic Zone (SEZ) as the entire 70 acres of the project has been notified by the Union Ministry of Commerce as SEZ, sources with the Housing Development and Infrastructure Limited (HDIL), promoters of the project, said.

Of the 70 acres, 70 per cent has been identified as processing unit dedicated to IT /IT-enabled services SEZ with focus on exports.

The remaining 20 per cent has been categorised as non-processing zone and will feature shopping malls, convention centres, apartment complexes and much more thus developing it into a full-fledged township, sources said.

Three buildings at a total built-up space of 10 lakh sq.ft will be readied in two years as part of the first phase set to be launched on Thursday.

The promoters will make a total investment of Rs.2,300 crore – of which Rs.500 crore will be for the first phase alone — for the entire project. Besides, there will be investments by IT companies to develop their own space.

The entire project will be completed in nine years by which time it would have a total built-up space of 1 crore sq.ft.

The project, when completed, will generate at least 60,000 direct employment in addition to another 80,000 indirect jobs.

The land owned by HMT was handed over to the promoters of the project in November 2006.

The foundation stone for the project was laid in January 2008 soon after which it got mired in controversy. The legality of the land transfer was questioned in the courts before the controversy subsided.
The Hindu (http://www.hindu.com/2011/02/17/stories/2011021757700400.htm)

http://img404.imageshack.us/img404/8586/cybercity.jpg (http://img404.imageshack.us/i/cybercity.jpg/)

Cybercity Ad in todays papers.

Construction begins
HDIL Cybercity construction was inaugurated by the state industries minster. The project once completed is expected to create 60,000 direct IT jobs. 10million sq.ft IT space is being constructed.
Manorama (http://www.manoramaonline.com/cgi-bin/MMOnline.dll/portal/ep/malayalamContentView.do?contentId=8832937&programId=1073753761&tabId=0&BV_ID=@@@)

International IT firms in Cybercity
HDIL Cybercity will show mutinational IT firms setting up their campus in Kerala. HDIL has started agreement process with various international IT firms regarding setting their campus in the project.

Deepika (http://malayalam.deepikaglobal.com/latestnews.asp?ncode=66926)

Cyber City project gets going
Cyber City that promises to create 60,000 direct jobs and provide a built-up space of 10 million sq.ft. in next nine years was launched at Kalamassery near here on Thursday. Minister for Industries Elamaram Karim inaugurated the construction work of the project on 70 acres of land handed over by HMT. Minister for Transport Jose Thettayil presided.

Cyber City, also known as Kalamassery Special Economic Zone, is being promoted by Housing Development and Infrastructure Limited (HDIL) through its subsidiary Blue Star Realtors, who will make a total investment of Rs.2,300 crore.

Mr. Karim said that the proposed SmartCity Kochi with its 90,000 direct jobs and Cyber City with 60,000 direct jobs would change the face of Ernakulam district. He said that going by the rate of one-and-a-half indirect job for every direct job in the information technology sector, it would be easy for Cyber City to generate about one lakh indirect job opportunities.

Mr. Karim said that the cabinet had approved the lease deed to be signed for the SmartCity Kochi project. Once the lease deed is signed, the clearance for the construction project would be given at the earliest through the single window facility, he said.

“Kochi has emerged as one of the top IT/ ITES commercial real estate destinations. HDIL Cyber City will be a catalyst to Kerala's economic growth,” said Rakesh Kumar Wadhawan, Chairman of HDIL.
The Hindu (http://www.hindu.com/2011/02/18/stories/2011021860690500.htm)

Cybercity construction has not yet begun. It is waiting for some clearance relating to fire. I checked with authorities

They have to get clearance from ice cream. Not fire.

Oh, ...'relating to fire' - u meant magazine?

Cybercity construction has not yet begun. It is waiting for some clearance relating to fire. I checked with authorities

Kerala State Single Window Clearance Authority has passed the HDIL Cybercity Project today. The proposal was awaiting for Single Window clearance for past few months, which was delayed due to Elections and change of guard.

With this approval, HDIL Cybercity emerged the first MEGAPROJECT to be cleared by Single Window Clearance Authority after the new government took over

With this, 10 million built up IT/ITES Mega project will come up in Kochi!!!!:banana::banana::banana::cheers:

http://www.manoramanews.com/cgi-bin/MMOnline.dll/portal/ep/mmtvContentView.do?BV_ID=@@@&tabId=14&programId=1186580&contentId=9636235

Cyber City Kochi Cleared :cheers:

The first mega project in the state to get clearance through single window authority!! :banana:
http://img684.imageshack.us/img684/7379/82506325.jpg

Any news on this project?

^^^^

Lets give a small wait.... Investors has to wake up to pre 2006 confidence level to invest!!! After all, its NOT govt investments... All private investments require a strong conductive environment and strong confidence. With Smart City, Infopark and dozens of other projects, coupled with more to come with Emerging Kerala 2012 meet, surely the confidence level would rise and increase MORE ENCOURAGING Investments.....

So finally Cyber City is also coming up. Positive News is flooding Kochi:banana::banana:

With the State government approving its master plan and granting all requisite approvals, the decks have been cleared for the proposed Kalamassery Special Economic Zone (SEZ), also known as Cyber City, to take off.

Campaigns planned

“We are now waiting for No Objection Certificates (NOCs) from the aviation authorities and the Naval Armament Depot (NAD) as high rise buildings are proposed as part of the project. The clearances are expected shortly. We are fully geared up to launch the work immediately thereafter,” K.V. John, chief executive officer of Cyber City, told The Hindu on Monday.

He said that once NOCs are received, campaigns would be launched to attract investments.

“We will be targeting major IT companies, as smaller companies will occupy the space on their own once it is available,” he said.

Promoters

Housing Development and Infrastructure Limited, the promoters of the project, has already made deposits in excess of Rs.1 crore for clearance from the fire department and the Pollution Control Board.

Impetus to IT industry

Coming close on the heels of the launch of the construction work of SmartCity Kochi, the project is likely to give an impetus to the IT landscape of the State.

Promoters hope to complete the first phase of 20 lakh sq.ft. within two years from the start of the work at an estimated investment of Rs. 500 crore.

Based on the estimate that 100 sq.ft will create a job, the first phase alone is expected to generate around 20,000 jobs.

In three phases

“The project will be completed in three phases spread over seven years at an investment of Rs. 2,000 crore. When completed, it will provide built-up space of 1 crore sq.ft generating 65,000 direct employments and double its indirect jobs,” said Mr. John.

The master plan for the entire 70 acres of the project land has been readied by a Bangalore-based consultant. The entire project area had been notified as IT and IT-Enabled Services Special Economic Zone by the Union government a year ago, said Mr. John.

While 70 per cent of the land will be processing zone, the rest will be used for developing support infrastructure.

Hurdles

The project had met with one hurdle after another ever since it was conceived and the land owned by HMT was handed over to the promoters of the project in November 2006.

Though the foundation stone for the project was laid in January 2008, it soon got mired in controversy.

The legality of the land transfer was questioned in the courts before the controversy eventually subsided.

The project was then formally launched by the then Industries Minister Elamaram Karim on February 17 this year.

___________________________________________________________


First phase of 20 lakh sq.ft. to be completed in two years

Promoters hope to create nearly 20,000 jobs in phase I


___________________________________________________________

http://www.thehindu.com/template/1-0-1/gfx/logo-footer.gif (http://www.thehindu.com/todays-paper/tp-national/tp-kerala/article2527342.ece)


So the matter is now in A.K Antony's court.... I hope that will be cleared soon and Kochi will be headlines back, for all the positive reasons!!!:banana::banana:

So IP Phase II, Smart City & now Cyber City! Kochi is on a roll :banana:

^^:cheers:

So that means, in next 6 to 7 years Kochi is going to have

1. 10 million Sq ft Cyber City
2. 9 Million Sq ft Smart City
3. 8 million Sq ft of Infopark

Making it assured built up area of 27 Million Sqft of Quality office spaces. Surely, the multiplier effects inform of Parsavanth, Unitech and others of future as well as Business District haven't counted.....

I have always felt this is the project that will change the fortunes of kochi in IT. Just see they will be construction 2M SQFT in First phase (Compare it with what much hyped TECOM is doing ).

I have always felt this is the project that will change the fortunes of kochi in IT. Just see they will be construction 2M SQFT in First phase (Compare it with what much hyped TECOM is doing ).

Well, its true if we look in that angle.... But another thing is that, this is not a public monitored project. Which means, the builders can leave it dry, at any point in future like Unitech or Parsvanth. Its neither going to affect their repute nor the city or stake holders. Even for past 7 months, there was no updates about this project. Under any sign of second recession, they can leave this and go away.

Thats not the case of Smart City. It has became almost an prestige issue of Nation itself. If TECOM leaves Smart city and backtracks, it will trigger off lowering credit rankings of Dubai Govt itself. The very reason, they were forced to stay here in last 5 years, was because of the fact, they themselves caught between sea and devil.

So under any circumstances, even selling out Dubai's prime assets, they are . bound complete atleast announced projects like Smart City, Dubai Metro Green Line, DWC Airport etc..... If you look, now a days, Dubai is not announcing any new projects. So its clear, the Dubai's intentions is to complete existing projects at any cost and ensure its credit and financial rankings donot go down further at any cost. So they have to be extra conscious in dealing, especially when news of second recessions are in air.... They can't be as flamboyant as they used to be

Thats not the case of HDIL. They haven't even listed this project in their website too. And being Marwadis, they know how to play safe. They started a subsidiary called Bluestar Realtors, which has not been listed or even donot have a basic website. So in event of backtracking this project, the value of HDIL still stands better, as HDIL donot have any direct role in the project....

I wish to see this project reality, as its going to make our city on rise and more and more freezed projects like Unitech, Parsavanth and in future other giants will come back.....

So IP Phase II, Smart City & now Cyber City! Kochi is on a roll :banana:

goodt to see updates on HDIL .....

Pending Big SEZ

Parsvnath SEZ- possible
Emaar SEZ- doubtful
Shoba Hitech City - ruled out
Elbit Project - Doubtful

You forgot Unitech SEZ.

goodt to see updates on HDIL .....

Pending Big SEZ

Parsvnath SEZ- possible
Emaar SEZ- doubtful
Shoba Hitech City - ruled out
Elbit Project - Doubtful

I am editing,

Parsvnath SEZ- possible
Emaar SEZ- Dead
Shoba Hitech City - Slight possibility (under this govt.)
Elbit Project - Dead

I am editing,

Parsvnath SEZ- possible
Emaar SEZ- Dead
Shoba Hitech City - Slight possibility (under this govt.)
Elbit Project - Dead

yes there is no need for more sez's . all we need to do is mae sure IP II/Smart city / HDIL / If possible parsvnath projects do not get into further troubles.

yes there is no need for more sez's . all we need to do is mae sure IP II/Smart city / HDIL / If possible parsvnath projects do not get into further troubles.

Parsvanth is still looking upon Kochi's prospects. It means, the performances of Smart City, IP and Cybercity has lot of influences on it. Its the currently only SEZ approval, which the company is holding. Rest all other formal approved projects have been disbanded by the company. So Kochi has a chance with Parsvanth.

Ofcourse, once works starts, these developers will bring in investors. After all in IT Sector, no company have any unilateral love towards any place. They will come down, where talent is there and where initiatives are better given.

Surely by 2015, I see Kochi making leaps in this sector...

Some parts of the proposed Sobha project is in wetland. So it is pending with Central govt. NOT Kerala govt.

Some parts of the proposed Sobha project is in wetland. So it is pending with Central govt. NOT Kerala govt.

Now its the best time to get a stamp at MOEF..... The terror is now at Rural Development ministry....

Now its the best time to get a stamp at MOEF..... The terror is now at Rural Development ministry....

True! Even the dead Edakochi stadium project is in a stage of revival with the open support of Oommen Chandy :)

True! Even the dead Edakochi stadium project is in a stage of revival with the open support of Oommen Chandy :)

OC to the rescue.

The MOEF has given approval for a state level authority to give env clearance for projects in state based on a request by CM. Now the env bottleneck will be removed. All the projects in limbo would now be released.

We all know how state level bodies are proxies of those who appoint them. Bulk of the projects would come under the purview of state authority. The central folks can now "eeacha adikkam".

It is a matter of shame that during the project meetings of different packages(kutt/idukki) the only person who resented the diversion of the amount to road consturction was a north indian central govt officer. Our elected reps and their stooges (state officers) were in the same camp.

http://www.mathrubhumi.com/online/malayalam/news/story/1216555/2011-10-14/kerala

OC to the rescue.

The MOEF has given approval for a state level authority to give env clearance for projects in state based on a request by CM. Now the env bottleneck will be removed. All the projects in limbo would now be released.

We all know how state level bodies are proxies of those who appoint them. Bulk of the projects would come under the purview of state authority. The central folks can now "eeacha adikkam".

It is a matter of shame that during the project meetings of different packages(kutt/idukki) the only person who resented the diversion of the amount to road consturction was a north indian central govt officer. Our elected reps and their stooges (state officers) were in the same camp.

http://www.mathrubhumi.com/online/malayalam/news/story/1216555/2011-10-14/kerala

Hope this is a dead project:ohno:

Hope this is a dead project:ohno:

Hey!!! are you running some motuary or ambulance van to cater dead bodies.... Only last week, Cybercity CEO announced that the plans are much alive and they have to get approval from Defence as its near to Naval Arms Depot....

So how come you proclaim?

Hey!!! are you running some motuary or ambulance van to cater dead bodies.... Only last week, Cybercity CEO announced that the plans are much alive and they have to get approval from Defence as its near to Naval Arms Depot....

So how come you proclaim?

ok..lets hope for the best

Well guys forget about one half of Cybercity!!!! Its now going to be Cyberpark only, not City......:bash:

Housing Development and Infrastructure (HDIL) on Friday said the company is planning to sell its township in Kochi for reducing debt and increase cash flow for capital expenditure.

“The total area in the Kochi property is around 14 million square feet. There are two projects – one special economic zone and a township. We are looking at selling the township that’s around 6-7 million square feet,” Hariprakash Pandey, VP, HDIL, said in a conference call after announcing quarterly financial results.:bash:

The projects are being constructed phase-wise for a special economic zone. The 7 million sq ft of the total built up area is dedicated to IT infrastructure. The project is designed to be completed in three phases.

He said the company is talking to investors and plans an outright sale of the property, as it wants to reduce its debt and improve cash flow.

The company, at present, has a total debt of around Rs 4,000 crore, of which it plans to repay around 15-20 per cent in the next one year. As on September 30, the company had a cash reserve of Rs 217 crore, Pandey said.

In July-September 2011, the company’s consolidated net profit declined 24.41 per cent from a year ago to Rs 148.55 crore. Total revenue in the quarter was up 15.4 per cent from a year ago to Rs 440 crore.

About its ongoing projects, Pandey said those in Mumbai were getting delayed by around 3 to 6 months as approvals were taking time.

Surojit Pal, an analyst at Elara Capital, said, “Till March, there are no positive signs of a recovery for the sector. If the company is able to bring down debt and reduce interest costs, then only it would mean some respite for the company.”

http://www.mydigitalfc.com/news/hdil-sell-township-pay-back-debt-243


Well guys, hope you understood the importance of Smart City now.... As I have mentioned several times, these kind of Realty projects, the investors can leave anytime as nothing makes them firm on Kochi....

But if SmartCity does so, next moment the ratings for Dubai Govt would crash like anything and they will try all possible means to remain back.....

Anyway, CyberCITY is now gone, the only remaining is the economic units planned in SEZ area which also may be delayed...... I wish some realty firms take over the township and develop it..... Ofcourse it also depends on prospects of Cybercity coming or not.... I hope atleast they do the works of SEZ and start attract companies, so that others can do township!!!!

Well guys forget about one half of Cybercity!!!! Its now going to be Cyberpark only, not City......:bash:



Well guys, hope you understood the importance of Smart City now.... As I have mentioned several times, these kind of Realty projects, the investors can leave anytime as nothing makes them firm on Kochi....

But if SmartCity does so, next moment the ratings for Dubai Govt would crash like anything and they will try all possible means to remain back.....

Anyway, CyberCITY is now gone, the only remaining is the economic units planned in SEZ area which also may be delayed...... I wish some realty firms take over the township and develop it..... Ofcourse it also depends on prospects of Cybercity coming or not.... I hope atleast they do the works of SEZ and start attract companies, so that others can do township!!!!


I guess Its the Villa project they are selling ,

Anyone has any updates on this project status ?

It seems Cybercity is getting a breather with a funding secured from Arthaveda Equity

Dewan Housing Finance promoted ArthVeda Fund Management is planning to raise R200Cr through second fund - ArthVeda Star Fund for investment in Indian real estate.

ArthaVeda Star Fund will also have a greenshoe option of R100Cr and will focus on investments in greenfield residential projects.ArthVeda Star Fund will be invested in middle income housing projects (R15-40 lakh per unit), with 75% of its investment in 16 tier-II and tier III cities and metro outskirts across India.

The investment ticket size of the fund deployment will be between R5-20Cr with investment duration of 24-36 months and a maximum extension of 18-24 months. The fund aims to invest in equity or equity like instruments in SPVs, having an active control of each SPV with an ownership of between 51% and 75%.

ArthVeda Fund Management - headed by Bikram Sen was established in May 2005. DREAM FUND-1, one of the first private equity real estate funds in India was launched in Feb 2006.

ArthVeda has made six investments through it's first fund. It has invested in DHFL VC Silicon Towers(IT Park - Hyderabad), Blue Star Realtors(Mixed use - Cochin), GK Developers(Residential - Secunderabad), GK Developers(Mixed use - Secunderabad), Supreme Realty(Residential - Pune) and Yash Infrastructures(Residential - Pune),


http://www.dealcurry.com/20120120-DHFL-Backed-ArthVeda-Launches-R200Cr-Real-Estate-Fund.htm

Cybercity in cold storage

The project has attained EC and SEZ approvals.
CEO states the project was held due to recession and will start in 6 months.

Here's one project that has all the approvals and the other which doesn't have any of the approval. Both on ground zero! :ohno:

http://i47.tinypic.com/20fuus4.jpg
cc: Manorama

Cybercity in cold storage

The project has attained EC and SEZ approvals.
CEO states the project was held due to recession and will start in 6 months.

Here's one project that has all the approvals and the other which doesn't have any of the approval. Both on ground zero! :ohno:

http://i47.tinypic.com/20fuus4.jpg
cc: Manorama

This may be the worst ..HDIL is in no position to even think about starting the work ...6 months is just a breathing space for the CEO.

Not a good news ... HDIL seems to be in financial trouble.

http://www.mathrubhumi.com/business/news_articles/kochi-cyber-city-promoter-hdil-in-trouble-334915.html

http://www.thehindu.com/news/cities/Kochi/a-sez-that-never-took-off/article4366200.ece


Cyber City, also known as Kalamassery Special Economic Zone (SEZ), which promised to create one crore sq. ft. of built-up space and generate more than 65,000 direct jobs, seems to have met with a premature end even before it had taken off.

While the adverse market scenario for the IT industry is being cited for the inordinate delay, it is reliably learned that the sticky financial condition of the promoters is the reason why the project is remaining on the backburner.

The promoters, Housing Development and Infrastructure Limited (HDIL), will have to shell out about Rs.500 crore to Rs.600 crore initially to get the project under way. Funding alone could be the problem as the project otherwise had received almost all statutory approvals, including the approval from the Single Window Clearance Board, town planning department, Pollution Control Board, and environment clearance from the Union Ministry of Environment and Forests.

Though the promoters insist on going ahead with the project, a definite time schedule is missing and the investment has also shot up beyond the original estimate of Rs. 3,000 crore by at least 15-20 per cent.

With hardly two months left for the expiry of the original SEZ notification period of three years and almost two years after the construction work was launched by the then Industries Minister Elamaram Kareem in February 2011, the promoters have nothing but a fencing to show for the project. It is now learned that the promoters have approached the Union Commerce Ministry for an extension of SEZ notification for one more year. The project promoted by HDIL through its subsidiary Blue Star Realtors was notified as an IT/IT-Enabled Services-SEZ in March 23, 2010.

An informed official said that the promoters are not in danger of losing the land even if the IT project doesn’t materialise, as they had bought the 70 acres outright for Rs.100-odd crore during the early part of the last decade. They only need to ensure that it is used for an industrial project as the area falls within the industrial area, he said.

The promoters had planned to complete the project in three phases spread over nine years with two IT buildings of 10 lakh sq.ft. marked for the first two years.

The foundation stone of the project was laid in January 2008 only to be stalled following legal wrangling over the land transfer.

http://www.thehindu.com/news/cities/Kochi/a-sez-that-never-took-off/article4366200.ece

Cyber City, also known as Kalamassery Special Economic Zone (SEZ), which promised to create one crore sq. ft. of built-up space and generate more than 65,000 direct jobs, seems to have met with a premature end even before it had taken off.

While the adverse market scenario for the IT industry is being cited for the inordinate delay, it is reliably learned that the sticky financial condition of the promoters is the reason why the project is remaining on the backburner.

The promoters, Housing Development and Infrastructure Limited (HDIL), will have to shell out about Rs.500 crore to Rs.600 crore initially to get the project under way. Funding alone could be the problem as the project otherwise had received almost all statutory approvals, including the approval from the Single Window Clearance Board, town planning department, Pollution Control Board, and environment clearance from the Union Ministry of Environment and Forests.

Though the promoters insist on going ahead with the project, a definite time schedule is missing and the investment has also shot up beyond the original estimate of Rs. 3,000 crore by at least 15-20 per cent.

With hardly two months left for the expiry of the original SEZ notification period of three years and almost two years after the construction work was launched by the then Industries Minister Elamaram Kareem in February 2011, the promoters have nothing but a fencing to show for the project. It is now learned that the promoters have approached the Union Commerce Ministry for an extension of SEZ notification for one more year. The project promoted by HDIL through its subsidiary Blue Star Realtors was notified as an IT/IT-Enabled Services-SEZ in March 23, 2010.

An informed official said that the promoters are not in danger of losing the land even if the IT project doesn’t materialise, as they had bought the 70 acres outright for Rs.100-odd crore during the early part of the last decade. They only need to ensure that it is used for an industrial project as the area falls within the industrial area, he said.

The promoters had planned to complete the project in three phases spread over nine years with two IT buildings of 10 lakh sq.ft. marked for the first two years.

The foundation stone of the project was laid in January 2008 only to be stalled following legal wrangling over the land transfer.

The best thing that can happen to cybercity is to sell the land to some company with financial power. HDIL is in financial mess