Kochi Cyber City by HDIL to be launched today

The HDIL Cyber City, a Rs.2,300-crore IT park project which will add to Kochi’s IT dreams, will be launched on Thursday by Industries Minister Elamaram Kareem.

The project is coming up in an area of 70 acres of land at the Special Economic Zone (SEZ) at Kalamassery. Blue Star Realtors Private Ltd, a subsidiary of the Housing Development and Infrastructure Ltd (HDIL) is the promoter of the project. The officials said 70 percent of the total built-up area was dedicated to IT infrastructure.

The project is designed to be completed in three phases. The first phase will cover the development of 2 million sq ft of IT space and it will be completed in three years. The HDIL Cyber City is expected to generate as many as 60,000 direct jobs and 1.5 lakh indirect jobs. The HDIL officials are consulting various IT firms to set up their establishments here.
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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