HDIL Cyber City may become reality

HDIL Cyber City, Kalamasserry, Kochi
A division bench of Justice Bannurmath and Justice Kurian Joseph has given its decision on the controversial HMT land deal. The HC has directed Blue Star Realtors to use the land only for industrial purposes. The court said that HMT has the right to sell the 100 acres of land and the court has ruled that the land can be utilised for industrial use.

The scam pertains to the sale of 70 acres by public sector undertaking Hindustan Machine Tools (HMT) to Blue Star Realtors, which got the contract to build the Cyber City. The land deal has been challenged in the Kerala High Court.

There was an allegation that HMT sold the land to Blue Star Realtors in violation of the clauses in the agreement reached between the PSU and the State Government.

After the land deal became a controversy, the State Government constituted a high-level committee to review the sale.

• HDIL Group for setting up a Rs.2000 cr cyber City near Kalamassery
• The project would provide employment to 65,000 people.
• The proposed cyber city will be spread over 70 acres of land
• Cyber City would have a total built-up area of 7.9 million sq ft