Kerala govt to lease 2.35 acres of land for MLCP development

20 Jan 2022 CW Team

The Kerala state government is set to lease 2.35 acres of land to Dragonstone Realty Private Limited for developing a multi-level car parking (MLCP) facility in the Technopark Phase-III campus.

The construction proposal includes the construction of a ground plus six-floor MLCP facility, having a built-up area of 4.5 lakh sq ft.

Previously, the chief executive officer of Technopark forwarded a proposal submitted by Dragonstone Realty for developing an MLCP facility in the Technopark Phase-III campus. Besides the proposal, a draft lease deed of 2.35 acres of area for the project was also enclosed.

MLCP will be implemented to cater for the need for parking space after completion of the Non-Special Economic Zone (SEZ) part of the project for retail and commercial use by Dragonstone Realty, while the office building by Dorne Realty Private Limited.

Currently, the land is used for ground surface open car parking space by the companies operating from the Ganga-Yamuna building of Technopark.

The land allotted will be given on lease for 90 years. According to the order by the state government, Technopark will enter into a lease agreement with Dragonstone Realty for 90 years to construct an MLCP facility in its Phase-III campus, with a provision to sub-lease for Dorne Realty for joint development by both companies.

Technopark will be given 250 car parking slots and 100 bike parking slots for free as a consideration by the lessee for the lease during the period of operation.

The MLCP project is expected to complete in 36 months after obtaining single-window clearance approval and all other statutory approvals.

Alternative car parking facilities for the existing users and logistics from the identified area to the Ganga-Yamuna building should be provided by the company during the construction.

Image Source

Also read: Kerala govt plans to create two SPVs for SilverLine - Construction ...

Also read: Half of smart road works in Thiruvananthapuram to be completed by ...

The Kerala state government is set to lease 2.35 acres of land to Dragonstone Realty Private Limited for developing a multi-level car parking (MLCP) facility in the Technopark Phase-III campus. The construction proposal includes the construction of a ground plus six-floor MLCP facility, having a built-up area of 4.5 lakh sq ft. Previously, the chief executive officer of Technopark forwarded a proposal submitted by Dragonstone Realty for developing an MLCP facility in the Technopark Phase-III campus. Besides the proposal, a draft lease deed of 2.35 acres of area for the project was also enclosed. MLCP will be implemented to cater for the need for parking space after completion of the Non-Special Economic Zone (SEZ) part of the project for retail and commercial use by Dragonstone Realty, while the office building by Dorne Realty Private Limited. Currently, the land is used for ground surface open car parking space by the companies operating from the Ganga-Yamuna building of Technopark. The land allotted will be given on lease for 90 years. According to the order by the state government, Technopark will enter into a lease agreement with Dragonstone Realty for 90 years to construct an MLCP facility in its Phase-III campus, with a provision to sub-lease for Dorne Realty for joint development by both companies. Technopark will be given 250 car parking slots and 100 bike parking slots for free as a consideration by the lessee for the lease during the period of operation. The MLCP project is expected to complete in 36 months after obtaining single-window clearance approval and all other statutory approvals. Alternative car parking facilities for the existing users and logistics from the identified area to the Ganga-Yamuna building should be provided by the company during the construction. Image Source Also read: Kerala govt plans to create two SPVs for SilverLine - Construction ... Also read: Half of smart road works in Thiruvananthapuram to be completed by ...

Infrastructure Energy

03 Dec 2025

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..

Equipment

03 Dec 2025

ABB India Unveils ACS380-E Drive for High-Performance Automation

ABB India has launched the ACS380-E drive, a next-generation machinery drive designed for automation-centric machine building, adding to its all-compatible drive portfolio. The solution simplifies machine integration and is future-proofed for industrial automation with advanced connectivity, faster commissioning and built-in cybersecurity capabilities.The ACS380-E features integrated dual Ethernet ports for plug-and-play communication with all major industrial automation networks, eliminating the need for separate modules and reducing installation complexity. The drive also supports fast USB-C..

Building Material

03 Dec 2025

Cement Makers Positive on H2 Demand Outlook

The leading cement producers have posted high single-digit volume growth and better sales realisation in the July–September quarter, setting a positive tone for the second half of FY26. Companies are upbeat on demand prospects, supported by a strong housing sector and continued government spending on major infrastructure projects. UltraTech, Ambuja Cement, Shree Cement, Dalmia Bharat and Nuvoco Vistas recorded revenue growth of up to 18 per cent in the September quarter. The rise was driven by firm realisations, softer input costs and an increased share of premium products. With coal price..