Builders taking initiative

A number of Kerala real estate developers are collaborating with the government to provide accommodation and commercial complexes to the public. One such builders is Sobha Developers Ltd who has signed a Memorandum of Understanding (MOU) with the Government of Kerala on August 20, 2007 at Thiruvananthapuram for setting up the largest township development in Maradu, Kochi - Sobha Hitech City. Maradu is a high potential part of Kochi City with a number of developments including five star hotels, shopping malls and IT parks coming up here. The MOU seeks to reinforce the Public Private Partnership (PPP) initiative by the Government of Kerala, spearheaded by the Department of Industries & Commerce.
Some of the salient features of the MOU are; The project will come up near Maradu in Kochi in a land area of around 400 acres, out of which around 320 acres have already been acquired. It will include a 7 million Sq.Ft, Knowledge Park, shopping malls and avenues, hospitality projects (hotels, resorts and other leisure facilities), residential complexes and all related infrastructure, including a unique Marina of international standards, creating a substantial number of technology jobs, in addition to numerous non-technology jobs, and be a source of significant revenues to the Government. The Government will provide a Single Window Clearance for the project and will provide permission for land development, provision of necessary utilities, facilitation for environmental and other clearances, acquisition of limited land areas etc; The Company will implement a rehabilitation package as per recommendations of the Government. Infrastructure work will commence soon after the signing of the MOU. The project is expected to take 8 to 10 years for completion after receipt of necessary approvals.

 

Amazing.

 

You should make an investment.

 

I'm waiting for my own island.