By Binu Pazhoor, CEO, Cyberpark
2010 – in Review
In 2010, Cyberpark received Rs. 17.5 Crores as funding from the government, which represents a considerable increase from the Rs. 10 Crores received in 2009. The largest portion of this fund will be used to setup infrastructure within in the park such as 6 Lane access road, dedicated electrical substation, Rain water harvesting, waste water treatment and recycling, sewage treatment etc. Up to the end of 2010, Cyberpark has been focusing on completing the land acquisition, finalizing the master plan for the park, finalizing the design of the initial buildings etc.
Among the years notable developments are the approval of SEZ for the 25 acres of land, acquisition of 31 acres of land from a total of 43 acres, attaining Single Window Clearance etc. Currently 92 % of the land needed for the park has been acquired and the balance land is expected to be ready by Feb, 2011.
A base for business to grow
The contribution from the lease of land is expected to be over Rs. 100 Crores in 2011. In terms of office space, Cyberpark will have close to 3 m sq ft of finished space available for investors which will be a 100% growth from 2010. Cyberpark is expecting to have a total floor area of 200,000 sq ft by the end of 2011. The next four years are expected to see another 2 million sq ft of office space come on stream.
Among the new enterprise buildings that will be coming up in Cyberpark in 2011 are the Common Facilities Centre and the IT Building which will add 10,000 sq ft and 170,000 sq ft of office space respectively. The common facility centre is nearing the initiation of construction activities, while the work for the IT Building will be starting by March 2011. While the common facility centre is scheduled to be fully ready by June 2011, the IT Building will be ready by late 2011, early 2012. The centres aim to enable more local technology start-ups to benefit from the resources, networking and support offered by Cyberpark, through its Resource Support and service centre while enjoying affordable rents in a conducive and comprehensive business cluster.
Tenants of the first IT Building are expected to be able to move in by late 2011 and will be offered the flexibility to design their own customized space and layouts to suit their business needs. Besides providing office space for SME’s, Cyberpark will play host to major players including global multinationals, who will be able to setup regional operations for global communications, outsourcing, data management, and technology development.
Other innovative enterprise developments are expected to emerge from Cyberpark, which will include Residential buildings, commercial buildings, recreational and hospitality services which will offer around 200,000 sq ft of finished space.
A thriving township
As Kozhikode is maturing as the nation’s premier information technology hub, Cyberpark is taking proactive approach in attracting major developers to make the city the next major destination to live, work, study and retire. With easy access to Bangalore, Kochi, Mangalore, Mysore and its environs, a thriving commercial, business and IT scene, as well as a comprehensive community calendar and amenities, Cyberpark is projecting 30,000 permanent residents by 2014.
Between 2011 and 2014, several developers will build a number of units of various property types in Kozhikode. This will include apartments, landed properties, small office home offices, schools, hospitals, shopping malls and town houses.
Hilite is developing high rise apartment buildings, 2 storey bungalows, retail stores, shopping malls etc. This will include hilite hills, metromax and spring dale, a township of super link houses, town houses and town villas. Some of the completed projects by hilite include hilite cliff dale, hilite manor, hililte park view, hilite harmony and Focus mall. Other key players include Alhind, Landmark etc.
In terms of commercial development in Kozhikode, the shop offices and residential units and service apartments are also experiencing good demand. The Kalyan Silks, Jayalakshmy Silks that opened its door in 2010 is yet another sign of growing demand from the city.
Aggressive Future growth
The attraction of Kozhikode has been growing, especially among the residential and commercial developers seeking opportunities in the greater Kozhikode area. With more than Rs. 2000 Crores of investment projected for 2011 to 2014 via the development of enterprise, commercial, institutional and residential developments, the cumulative investment projected by Kozhikode since 2008 is projected to reach Rs. 10,000 Crores by 2014.
The majority of the developments outside Cyberpark will be in residential developments which will be followed by enterprise, commercial and institutional investments, and a solid indicator that Kozhikode has already started its major page of aggressive growth.