MEGAPROJECT: Technocity Trivandrum | 20 Mn Sq Ft SEZ

[Abhijithh92]

Originally Posted by prakas

Two more IT SEZs in Technocity including the Infosys one announced earlier.


source http://www.manoramaonline.com/cgi-bi...Id=0&BV_ID=@@@

Does anyone of our Members know whats the 47 acers for which SEZ status application had been given? ANother Biggieeee in Technocity?????

[Rajesh SM]

Originally Posted by Abhijithh92

Does anyone of our Members know whats the 47 acers for which SEZ status application had been given? ANother Biggieeee in Technocity?????

Abhijith,

Technocity already have 50 acres notified as SEZ. Now TP has applied for another two SEZs in Technocity (97 acres and 42 acres). And the infosys campus seems to be massive. Yes another biggie is there, and its credentials will disclosed by TP soon

[Viveks]

Originally Posted by Rajesh SM

Abhijith,

Technocity already have 50 acres notified as SEZ. Now TP has applied for another two SEZs in Technocity (97 acres and 42 acres). And the infosys campus seems to be massive. Yes another biggie is there, and its credentials will disclosed by TP soon

But AFAIK, the requirement from 'The X' is 60 acres in Technocity. Now a bit confused whether the requirement is 47 acres or 60 acres!!! Anyways, something huge is on anvil...

[Ajaypp]

Another report on the new SEZ applications at Technocity, adding up to an additional 130 acres, lying on either side of the NH 66.

[25Dude25]

Technocity: Application for SEZ status for 130 acres



Courtesy: Mathrubhumi

[25Dude25]

Technopark seeks SEZ clearance for 130 acres of land

THIRUVANANTHAPURAM: The Technopark has requested SEZ clearance for around 130 acres of land for the Technocity project.

"We moved two applications to the Union ministry of commerce and industry on Friday. Our request includes land on both sides of NH 47, the TCS and the Infosys side. The board of approvals meeting on March 30 will decide on this," said Technopark CEO Girish Babu.

When asked why the Technopark had opted for SEZ clearance only for 130 acres, while it had close to 420 acres in its possession, the CEO said, "To apply for SEZ status, the survey numbers need to be a on a continuous stretch. That is the criterion. We could only manage to get around 130 acres that can be treated as a single plot."

The Technopark now has 350 acres in its possession, as the high court has stayed the possession of 70 acres as some of the plots belong to clay mine owners who approached the court with a petition stating that they had obtained permission of Union ministry of mines to carry out mining. Some parts of the land belong to individuals as well. So, the HC stayed acquisition of land in Pallipuram, Andoorkonam, Melthonnakkal and Veiloor villages.

Meanwhile, Infosys has requested that its property on 50 acres be included in the SEZ list . "Infosys is a co-developer and the company could have directly asked for clearance but they wanted us to do it and so we have included their property in the application A," said K Venu, manager, land acquisition.

Technocity has been planned as an IT-satellite city. Non-SEZ areas will likely have residential, commercial, hospitality, medical and educational facilities.

Source

[Kannan46]

The story about the 70 acres under litigation is something that I hear for the past 2 or 3 days. So far the the claim was that we have all the land under 500 acres in trouble free possession.
Is there any way to get these lands for the technocity project?
In my opinion the Govt should initiate steps to acquire more land since the gestation period for most major projects takes longer period since land acquisition itself takes years to complete.

Cheers!!!

[Tri Man]

Originally Posted by Kannan46

The story about the 70 acres under litigation is something that I hear for the past 2 or 3 days. So far the the claim was that we have all the land under 500 acres in trouble free possession.
Is there any way to get these lands for the technocity project?
In my opinion the Govt should initiate steps to acquire more land since the gestation period for most major projects takes longer period since land acquisition itself takes years to complete.

Cheers!!!

The ma*** pathrams which missed the innauguration news of Technocity is competing with each other to publish the land acquisition controversies ,that too in detail.
.....funny!

[Ajaypp]

Originally Posted by Kannan46

In my opinion the Govt should initiate steps to acquire more land since the gestation period for most major projects takes longer period since land acquisition itself takes years to complete.

I am glad that we continuously face the problem of paucity of land rather than that of a glut of space with no takers in sight.

[krp]

Originally Posted by Kannan46

The story about the 70 acres under litigation is something that I hear for the past 2 or 3 days. So far the the claim was that we have all the land under 500 acres in trouble free possession.

That was what we all knew that LA was completed for 450 acres during LDF govt. term itself in Feb 2010 as per http://www.technoparktoday.com/land-...ity-completed/..

Suddenly how come this 70 acre issue came up?

[Venunair]

Originally Posted by 25Dude25

Technopark seeks SEZ clearance for 130 acres of land

THIRUVANANTHAPURAM: The Technopark has requested SEZ clearance for around 130 acres of land for the Technocity project.

"We moved two applications to the Union ministry of commerce and industry on Friday. Our request includes land on both sides of NH 47, the TCS and the Infosys side. The board of approvals meeting on March 30 will decide on this," said Technopark CEO Girish Babu.

When asked why the Technopark had opted for SEZ clearance only for 130 acres, while it had close to 420 acres in its possession, the CEO said, "To apply for SEZ status, the survey numbers need to be a on a continuous stretch. That is the criterion. We could only manage to get around 130 acres that can be treated as a single plot."

The Technopark now has 350 acres in its possession, as the high court has stayed the possession of 70 acres as some of the plots belong to clay mine owners who approached the court with a petition stating that they had obtained permission of Union ministry of mines to carry out mining. Some parts of the land belong to individuals as well. So, the HC stayed acquisition of land in Pallipuram, Andoorkonam, Melthonnakkal and Veiloor villages.

The above SEZ has been approved.

http://www.sezindia.nic.in/writeread...March_2012.pdf

[Rajesh SM]

Deleted

[ajithv]

Originally Posted by Venunair

The above SEZ has been approved.

Source

[Godsowncapital]

Originally Posted by ajithv

Source

LOL, infosys gave approval to SEZ...!!! EPIC News reporting.

anyways, we ve one reason to cheer...

[ajithv]

Just heard that agreement for the Infosys Campus in Technocity to be signed tomorrow. Can anyone confirm this?

[Travancore]

Originally Posted by ajithv

Just heard that agreement for the Infosys Campus in Technocity to be signed tomorrow. Can anyone confirm this?

You heard it right Ajith. 11 AM tomorrow. Hope I can make it on time !

[Ajaypp]

Originally Posted by ajithv

Just heard that agreement for the Infosys Campus in Technocity to be signed tomorrow. Can anyone confirm this?

Well, I hope that this one is signed in Trivandrum.

[RajeshVR]

Originally Posted by ajithv

Just heard that agreement for the Infosys Campus in Technocity to be signed tomorrow. Can anyone confirm this?

Yup

Government to hand over 50 acres to Infosys

THIRUVANANTHAPURAM: A memorandum of understanding for handing over 50 acres of land to IT major Infosys will be signed here on Wednesday in the presence of Infosys co-chairman Kris Gopalakrishnan.

It's the second land parcel that Infosys is getting near Technopark here for setting up their own campus. The new land is being allotted in the proposed Technocity project coming up adjacent to the Technopark. The company already has a development centre set up in 50 acres. More than 4,000 IT professionals are currently working here.

According to senior officials in the IT department, the company would be paying a price commensurate to the expenses government incurred for land acquisition. This would come around Rs 1 crore per acre. The agreement would be signed in the presence of CM Oommen Chandy and IT and industries minister P K Kunhalikutty after the weekly cabinet meeting here on Wednesday.

As per the SEZ rules, any company that receives land should set up a minimum 10 lakh sq ft built up space in three years. Infosys is learnt to have promised to generate at least 10,000 job opportunities in its new campus. at Technocity.

The expansion activities of the already existing campus would also continue. Technopark authorities have recently completed the land acquisition process for Technocity project and the Union ministry of commerce and industry has accorded SEZ status for 130 acres acquired for the project.


http://timesofindia.indiatimes.com/c...w/12523975.cms

Today going to be another histotical landmak for Trivandrum
The news which whole Kerala was waiting for !

[chennaidesi]

Any idea about how much for 1 acre of land the IT companies has to pay in Technocity?

[Ajaypp]

Originally Posted by chennaidesi

Any idea about how much for 1 acre of land the IT companies has to pay in Technocity?

If you refer to the above report, it clearly states that the cost comes to around Rs 1 Crore/Acre.

When I was in discussions with GoK, on behalf of my then company, during the initial bid process in 2008, the back-stop rate was considered between Rs 0.75-1.25 Crore/acre.