01/06/2018
Kerala gives final nod for Embassy Ta**us World Technology Centre, in Trivandrum
The government of Kerala has given its final nod for the Embassy Ta**us World Technology Centre in Trivandrum, which will host over 2.8 million sq ft of Grade A office spaces
Following the joint venture agreement between Embassy Property Development Pvt Ltd and Ta**us Investment Holdings, the JV entities, Winterfell Realty Private Limited and Dorne Realty Private Limited, on March 14, 2018, signed the lease agreement for 12.12 acres of land in Technopark, Trivandrum.
The land has been leased from Technopark, government of Kerala, for a period of 90 years. Out of the 12.12 acres earmarked for office space, 10 acres is under the Special Economic Zone (SEZ) and 2.12 acres is non-SEZ. Embassy Ta**us World Technology Centre will build 2.8 million sq ft of premium Grade A office space and 5,00,000 sq ft of Grade A office space in the non-SEZ land parcel. Bengaluru-based international construction management firm, Synergy Property Development, will manage the development of the project.
Kerala chief minister Pinarayi Vijayan, who presided over the signing of the agreement said, “Embassy Ta**us World Technology Centre, which is being set up in Technopark Trivandrum, will impact Kerala’s IT scene like never before. That the project will facilitate creation of 35,000 direct jobs and help the state to leapfrog to the status of top tier-2 destination in India.”
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