Brigade Group to Develop Third Tower of World Trade Center at Infopark Kochi
Brigade Group has signed a land lease agreement to develop the third tower of the World Trade Center (WTC) at Infopark Kochi, Kerala. The Rs 150-crore project will generate around 2,700 direct jobs and is expected to be completed in three years.
Real EstateWorld Trade CenterInfopark KochiBrigade GroupKeralaReal Estate MumbaiJun 20, 2024
Chief Minister Pinarayi Vijayan expressed confidence that the new tower will augment the development of not just Infopark but the entire IT sector in the state. Since 2016, 583 new companies have set up offices in Infopark, generating 70,000 jobs.
M.R. Jaishankar, Executive Chairman of Brigade Group, said that the company is happy to increase its footprint in Kerala with the new tower of WTC, which will cater to the growing IT and IT-enabled service companies in the state. The company has already completed two WTC towers with a combined built-up area of 7.7 lakh square feet, which are fully occupied. Brigade Group is keen to expand in Kerala and will continue to look for viable land parcels.
In addition to the WTC towers, Brigade Group has also developed the luxury business hotel Four Points by Sheraton Kochi Infopark, located in Infopark Phase 1. The company is currently developing Brigade Square in Trivandrum, a Grade A office building located in Technopark Phase 1. Brigade Group is the license owner of six WTCs in South India – Bangalore, Chennai, Kochi, Hyderabad, Trivandrum, and Devanahalli. Over the last 38 years, the Brigade Group has completed around 300 buildings and 90 million square feet across its diverse portfolio.
Brigade Group is a leading real estate developer based in Bangalore, India. The company has a diverse portfolio of residential, commercial, and hospitality projects across South India.
Infopark Kochi is a technology business park located in Kochi, Kerala, India. It is one of the largest IT parks in the country, with over 70,000 employees working in the park.
Frequently Asked Questions
What is the cost of the third tower of WTC at Infopark Kochi?
The cost of the project is Rs 150 crore.
How many direct jobs will the new tower generate?
The new tower is expected to generate around 2,700 direct jobs.
Who is the developer of the third tower of WTC at Infopark Kochi?
The developer of the project is Brigade Group.
What is the built-up space of the new tower?
The built-up space of the new tower is 2.6 lakh square feet.
When is the project expected to be completed?
The project is expected to be completed in three years.
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