Brigade Group to embellish Kerala with unique SEZ venture
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As per to the sources saying @ the www.propertykhazana.com, Bangalore origin Brigade Enterprises has forayed into the Kerala realty market with an IT SEZ Venture at Kochi. The venture will be jointly developed with Kochi Info Park and will be constructed with budget of around Rs. 160 Crores. As said by the Company sources, this IT SEZ space will have about 5,000 employees and the venture is likely to be designed in couple of years.
Brigade Enterprises has succeed a tender to develop 5 acres of property in Kochi to set-up around 6 Lakhs Sq.ft IT SEZ space on JV basis. Company has promised to pour around Rs. 400 Crores in the state for ventures associated to IT SEZ and retail. In addition to the above investment, Company is also planning to initiate Rs. 150 Crores lavish island resort at close proximity to Vaikom with international values and firm is also in search of new assignments in Thiruvananthapuram and in Kottayam. Company is ready to invest about Rs. 1,000 Crores on diverse ventures in Kerala in the coming years. For more updates on real estate market browse www.propertykhazana.com.
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