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Shobha Developers enters into MoU with Kerala for Rs. 5, 000 crore township
Tuesday,21st August 2007
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Shobha Developers Ltd has entered into a
memorandum of understanding (MoU) with the Kerala government to set up a Rs 5,
000 crore hi-tech city here. Mint reports that the project will create 75,000
direct jobs and provide 600 apartments for free to the poor. This 400 acres city, dubbed Shobha Hi-tech City is set to provide utilities such as electricity, gas, water, sewage and communications. The project will create an integrated city with a focus on research and development, knowledge dissemination, information technology and pure and applied sciences, the builder said. It will have a 7 million sq. ft knowledge park, retail shopping malls and avenues, hotels, resorts, residential complexes and a marina. |
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