Neopolis IT Township Project Announced

28 Nov 2024 CW Team

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.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..