Latest news with #LuluITTwinTowers
Time of India
29-06-2025
- Business
- Time of India
Kochi's IT future brightens with mulitple infra projects
Kochi: With several major IT infrastructure projects in the pipeline — including a new project by a private group in Infopark Phase II and the newly inaugurated IT Twin Towers in SmartCity — hopes for Kochi's IT sector are being rekindled. Chief minister Pinarayi Vijayan, while inaugurating the Lulu IT Twin Towers on the SmartCity campus on Saturday, announced that the Lulu Group will also set up a new IT tower in Infopark Phase II, Kakkanad. The Rs 500-crore project will come up on 3.5 acres near the Brahmapuram bridge and offer 9.5 lakh square feet of built-up space. The tower is expected to generate at least 7,500 jobs, and the state govt has pledged full support for the venture. Recently, UST Global has started construction of its new campus on 8.5 acres in Infopark Phase II, which is projected to provide direct employment to around 5,000 IT and ITeS professionals. The Lulu Twin Towers itself is expected to create approximately 30,000 jobs. Following the state cabinet's approval of TECOM's exit from the SmartCity project in Dec 2024, there are renewed hopes of integrating the 246-acre SmartCity campus with Infopark Phase I. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo A special committee submitted its recommendations in Dec, but a final govt decision is still awaited. The launch of the Twin Towers is expected to give a revitalize the long-stalled SmartCity development. Further boosting the region's IT ecosystem, industries minister P Rajeeve recently laid the foundation stone for Geojit's IT park in Infopark Phase II. The 16-storey, 1.3 lakh square foot building is scheduled for completion within two years. Additional projects include the World Trade Centre Tower III in Infopark Phase I, a 37-acre TCS campus in Kinfra Park and V-Guard's upcoming IT park, which is nearing completion. Prestige Group's Phase II project is also under consideration in SmartCity, and Infopark's extension campus at the South Metro station is expected to begin operations soon. These developments are set to increase the current IT workforce in Infopark, SmartCity, and nearby campuses from 1 lakh to an estimated 1.5 lakh. Meanwhile, Infopark authorities are awaiting final govt clearance for a proposed third campus spanning 500 acres in Kunnathunadu panchayat. The plan, jointly initiated by Infopark and the GCDA using a land pooling model, is pending approval.
The Hindu
26-06-2025
- Business
- The Hindu
Lulu IT Twin Towers to be inaugurated on June 28
Lulu IT Twin Towers, developed by the Lulu Group, will be inaugurated at SmartCity, Kakkanad, on Saturday (June 28, 2025). Chief Minister Pinarayi Vijayan will inaugurate the project. The IT complex, developed with an investment of ₹1,500 crore, comprises two identical towers with 30 floors each. The project spans 12.74 acres. Together, the twin towers have a built-up area of 3.5 million square feet, with 2.5 million square feet available for lease. The project is envisioned as a future-ready hub for IT and AI-driven enterprises, according to a communication. The project can accommodate over 30,000 IT and ITeS professionals. According to a communication, the group aims to create over 50,000 professional employment opportunities through Lulu IT Parks over the next three years. The LEED Platinum pre-certified green building seamlessly integrates sustainability with modern workplace design. The towers are equipped with 67 high-speed elevators and 12 escalators to ensure smooth internal mobility. Expansive floor plates ranging from 37,000 to 45,000 square feet offer flexibility for contemporary workspaces. An on-site helipad has also been set up at the complex. A fully automated robotic parking system, with 3,200 robotic and 1,300 conventional parking spaces, which can accommodate a total of 4500 vehicles across three levels have been set up. Additional features of the project include a 2,500-seater food court, gymnasium, crèche, banking services, lounges, display kiosks, a 600-seater conference hall, walking trails, gardens, and open-air seating areas, according to the communication.
