Infopark Phase III land pooling clears key hurdle
Earlier, the govt had decided to implement the Phase III project using the land pooling model and nominated GCDA as the executing agency.
However, since Kizhakkambalam lies outside GCDA's jurisdiction, the agency sought special approval to proceed. With the latest LSGD order, GCDA has now been officially authorized to carry out land pooling in the area.
A GCDA official confirmed that the new order removes a major procedural hurdle.
However, further progress depends on the approval of the IT department, which has yet to give the green light to Infopark authorities. The proposal has been pending with the department for several months.
The govt envisions a township-model IT hub under Phase III in the Kunnathunadu assembly constituency. As per the land pooling scheme, landowners will receive 60% of their original land post-development, with the value expected to rise three to four times.
by Taboola
by Taboola
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Since this is Kerala's first project to follow the land pooling approach, GCDA recently hosted a workshop to familiarize stakeholders with the process.
Demand for additional space at Infopark has been rising steadily.
Phases I and II are already at full capacity, with over 600 companies operating and more than 70,000 professionals employed. Currently, more than 120 firms are on the waiting list for space.
The Phase III expansion is expected to attract investments of around Rs 12,000 crore and generate IT employment for over one lakh individuals.
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