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The Greater Cochin Development Authority (GCDA) has approached the state government with a request to amend the land pooling rules to facilitate the acquisition process for Infopark's Phase III campus. The proposed 300-acre campus in Kunnathunadu will be built using the land pooling method, under which landowners would get 60% of their original land back after the project's completion, with its value expected to increase substantially. GCDA aims to integrate the rules into the Town Planning Act to streamline the process and avoid legal complications. The government's decision on the requested amendments is awaited, and the third campus is expected to create significant job opportunities.
The Greater Cochin Development Authority (GCDA) has approached the state government, requesting amendments to the existing land pooling rules that were set in motion for acquiring land for Infopark's Phase III campus. This new campus, set to cover 300 acres in the Kunnathunadu constituency, is expected to follow a township model. Advertisement
The government plans to use the land pooling method for the project, with GCDA designated as the agency in charge of managing the process. Under this system, landowners are promised to receive 60% of their original land back after the project's completion, with the land's value anticipated to increase by three to four times. To ensure a smooth process and avoid any potential legal complications, GCDA has requested the state government to revise the current rules and incorporate them into the Town Planning Act. This adjustment would help simplify implementation.
During a workshop held by GCDA to discuss the land pooling method, experts from regions where the system has been successfully implemented shared their concerns. They noted that the existing rules are too complex and need to be streamlined. They also emphasized the need for clearer guidelines on landowner share allocation. A GCDA source mentioned that integrating the rules into the Town Planning Act would help prevent future legal issues.
GCDA officials are currently waiting for the state government's response to their request. An official pointed out that the land pooling process can only proceed once the government addresses the concerns raised. The demand for a third Infopark campus in Kochi has been long awaited, as the first two campuses are already fully occupied. The IT park currently houses 582 companies, providing employment for over 70,000 people, while more than 120 companies remain on the waiting list for space. The establishment of Phase III is expected to generate significant investment, with an estimated Rs 12,000 crore expected to be injected into the local economy, along with the creation of more than 100,000 IT jobs.
The development of Infopark's Phase III campus is crucial for the growth of the IT sector in Kochi. With the demand for space outstripping supply in the current campuses, the new project promises to boost employment and investment significantly. However, the successful implementation of the land pooling method hinges on the state government's decision to revise the rules and integrate them into the Town Planning Act. GCDA's request for amendments aims to simplify the process, ensuring the project moves forward without legal obstacles.
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