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The development of Infopark Phase III in Kunnathunadu is facing delays due to unclear land pooling regulations. The Kerala government plans to acquire 300 acres under a pioneering scheme where landowners retain 60% of their land post-development, with its value expected to rise three to four times. Managed by the Greater Cochin Development Authority (GCDA), the project is critical as the existing Infopark campuses are fully occupied, with 120 companies awaiting space. Expected to attract INR 12,000 crore in investment and generate over 100,000 IT jobs, stakeholders urge swift resolution of regulatory ambiguities to maintain Kerala's competitive edge in the tech sector.
The development of the much-anticipated Phase III campus of Infopark in Kunnathunadu is encountering new challenges due to unclear land pooling rules. This project is crucial for expanding the IT infrastructure in Kerala, especially since the existing campuses are fully occupied. Advertisement
The government plans to acquire 300 acres of land using a land pooling method. Under this scheme, landowners will receive back 60% of their original land once the project is complete, with the value of the returned land expected to increase significantly-by three to four times its original worth. This innovative approach is the first of its kind in Kerala, aimed at streamlining land acquisition for large-scale projects.
The Greater Cochin Development Authority (GCDA) has been tasked with managing the land pooling process in Kizhakkambalam panchayat. They have identified suitable private land for the new Infopark campus. Recently, a workshop was held to clarify the land pooling method for officials involved in the project. However, confusion remains regarding certain aspects of the rules, prompting the GCDA to seek amendments from the government before moving forward.
The need for a third Infopark campus has been pressing, as the existing Phase I and II campuses are fully utilized. Currently, over 120 companies are on a waiting list for space at Infopark, which houses a total of 582 companies employing more than 70,000 people. The expansion aims to attract an investment of INR 12,000 crore and create over 100,000 jobs in the IT sector.
In addition to addressing the land pooling issues, stakeholders are emphasizing the importance of swift action to meet the growing demand for IT space. The Infopark expansion is seen as a vital step for Kerala to maintain its competitive edge in the tech industry, especially as other regions are also vying for investments in technology and innovation.
As the situation develops, the government and GCDA are expected to work closely to resolve the land pooling ambiguities, allowing the Infopark Phase III project to proceed. This expansion could significantly impact the local economy and job market, reinforcing Kerala's position as a key player in the IT sector.
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