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Technopark is set to issue a tender for the QUAD project this month, developing 8.5 lakh sq ft of IT space in Phase-IV, Pallipuram, with an investment of INR 381 crore. Initially planned as a co-developer model, Technopark will now execute the project independently due to a lack of bidders. The 5.5-acre facility is expected to generate 6,000 IT jobs upon completion. The QUAD project is part of a larger 40 lakh sq ft integrated township, incorporating residential, commercial, and institutional spaces. With construction set to begin soon, the initiative aims to strengthen Thiruvananthapuram's IT ecosystem.
Technopark authorities are set to issue a tender for the much-anticipated QUAD project this month. This initiative aims to expand the IT infrastructure in the region, responding to the increasing demand for office space in Thiruvananthapuram. Advertisement
The QUAD project consists of two components: one will be developed and operated by a co-developer, while the other will be managed directly by Technopark. However, due to a lack of bidders for the co-developer project, Technopark has decided to move forward with its own development. This project will span 8.5 lakh square feet and will be located in Technopark Phase-IV at Pallipuram.
The new IT building is planned to be constructed on 5.5 acres of land with an estimated budget of INR 381 crore. Once completed, it is expected to create around 6,000 jobs for IT professionals. The design for the building is finalized, and authorities anticipate a swift construction process since it will be under Technopark's direct management. A project architect has already been selected, ensuring that the project meets the necessary standards and timelines.
The QUAD project is part of a larger initiative approved by the state government in January 2023, which includes an integrated township development. This comprehensive plan aims to build 40 lakh square feet of space over 30 acres, incorporating not just office facilities but also residential areas, commercial spaces, hospitals, and educational institutions. The completion of this extensive project is targeted for mid-2025, which underscores the government's commitment to enhancing the region's IT ecosystem.
As the demand for IT space continues to grow, the QUAD project is a strategic move to attract more technology companies to Thiruvananthapuram. It reflects the state's vision to position itself as a key player in the IT sector, fostering innovation and creating job opportunities. With the tender process set to begin soon, stakeholders are optimistic about the potential benefits this project will bring to the local economy and the IT workforce.
In conclusion, the QUAD project at Technopark marks a significant step towards meeting the increasing demand for IT infrastructure in Thiruvananthapuram. As the project progresses, it will not only enhance the operational capacity of Technopark but also contribute to the overall economic development of the region.
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