+
Neopolis IT Township Project Announced
Real Estate

Neopolis IT Township Project Announced

Prime Minister Narendra Modi is set to announce the Neopolis IT Township project in Technopark Phase-IV, Thiruvananthapuram, a Rs 1,000 crore initiative under the Union Ministry of Housing and Urban Affairs. Part of the Outer Area Growth Corridor (OAGC), this project aims to establish a cutting-edge urban ecosystem. It represents one of eight such projects nationwide, with Thiruvananthapuram as Kerala's sole beneficiary.

The Neopolis IT Township will support aerospace industries, electronics, software, and IT, focusing on advanced technologies like artificial intelligence, robotics, IoT, blockchain, and machine learning. Envisioned as a self-sustaining urban environment, it will integrate business hubs, residential spaces, shopping malls, recreational zones, and five-star hotels, fostering economic growth and innovation.

The state government has set up a nine-member joint panel, led by the IT Secretary, to oversee planning and coordination. This Special Purpose Company (SPC) involves Thiruvananthapuram Corporation, Andoorkonam and Mangalapuram Panchayats, CRDP, and Technopark.

Strategically located on Thiruvananthapuram’s outskirts, the township will utilize existing infrastructure while driving future economic opportunities. It complements the QUAD initiative within Technopark Phase-IV.

The project stems from the 15th Finance Commission's recommendation, which allocated Rs 8,000 crore for smart city development in eight states. Kerala's proposal was submitted in August 2023, aligning with criteria for advanced urban growth.

This transformative venture highlights the synergy between central and state governments in fostering innovation and urban progress. The official announcement underscores the government’s commitment to positioning Thiruvananthapuram as a global IT and aerospace hub.

Prime Minister Narendra Modi is set to announce the Neopolis IT Township project in Technopark Phase-IV, Thiruvananthapuram, a Rs 1,000 crore initiative under the Union Ministry of Housing and Urban Affairs. Part of the Outer Area Growth Corridor (OAGC), this project aims to establish a cutting-edge urban ecosystem. It represents one of eight such projects nationwide, with Thiruvananthapuram as Kerala's sole beneficiary. The Neopolis IT Township will support aerospace industries, electronics, software, and IT, focusing on advanced technologies like artificial intelligence, robotics, IoT, blockchain, and machine learning. Envisioned as a self-sustaining urban environment, it will integrate business hubs, residential spaces, shopping malls, recreational zones, and five-star hotels, fostering economic growth and innovation. The state government has set up a nine-member joint panel, led by the IT Secretary, to oversee planning and coordination. This Special Purpose Company (SPC) involves Thiruvananthapuram Corporation, Andoorkonam and Mangalapuram Panchayats, CRDP, and Technopark. Strategically located on Thiruvananthapuram’s outskirts, the township will utilize existing infrastructure while driving future economic opportunities. It complements the QUAD initiative within Technopark Phase-IV. The project stems from the 15th Finance Commission's recommendation, which allocated Rs 8,000 crore for smart city development in eight states. Kerala's proposal was submitted in August 2023, aligning with criteria for advanced urban growth. This transformative venture highlights the synergy between central and state governments in fostering innovation and urban progress. The official announcement underscores the government’s commitment to positioning Thiruvananthapuram as a global IT and aerospace hub.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?