Kochi: Infopark Phase III Faces Land Pooling Challenges
ECONOMY & POLICY

Kochi: Infopark Phase III Faces Land Pooling Challenges

The highly anticipated Phase III township campus of Infopark in the Kunnathunadu constituency of Kochi is encountering a new obstacle, as the land pooling regulations regarding land acquisition remain unclear.

The government had planned to implement the 300-acre project using land pooling, where landowners would receive 60% of the original land post-project implementation, with the land's value increasing by three to four times.

This expansion of Infopark is the first such project in the state to utilise land pooling. The government issued an order appointing GCDA (Greater Cochin Development Authority) to oversee land pooling in the Kizhakkambalam panchayat. GCDA and Infopark identified private land for setting up the new campus, and a workshop was held to discuss the land pooling method.

In January, the state government notified land pooling rules for acquisition procedures. However, a GCDA official noted confusion regarding some aspects of the rules, and amendments will be required before proceeding with the land pooling process. "We are waiting for the amendments, after which we can move forward," the official said.

The demand for the third Infopark campus has been long-standing, as the Phase I and II campuses are fully occupied. Over 120 companies are currently on the waiting list, hoping for space in Infopark. Presently, 582 companies operate within the park, employing more than 70,000 individuals.

The government aims to attract an investment of Rs 12,000 crore and generate over one lakh jobs through the development of Phase III.

The highly anticipated Phase III township campus of Infopark in the Kunnathunadu constituency of Kochi is encountering a new obstacle, as the land pooling regulations regarding land acquisition remain unclear. The government had planned to implement the 300-acre project using land pooling, where landowners would receive 60% of the original land post-project implementation, with the land's value increasing by three to four times. This expansion of Infopark is the first such project in the state to utilise land pooling. The government issued an order appointing GCDA (Greater Cochin Development Authority) to oversee land pooling in the Kizhakkambalam panchayat. GCDA and Infopark identified private land for setting up the new campus, and a workshop was held to discuss the land pooling method. In January, the state government notified land pooling rules for acquisition procedures. However, a GCDA official noted confusion regarding some aspects of the rules, and amendments will be required before proceeding with the land pooling process. We are waiting for the amendments, after which we can move forward, the official said. The demand for the third Infopark campus has been long-standing, as the Phase I and II campuses are fully occupied. Over 120 companies are currently on the waiting list, hoping for space in Infopark. Presently, 582 companies operate within the park, employing more than 70,000 individuals. The government aims to attract an investment of Rs 12,000 crore and generate over one lakh jobs through the development of Phase III.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?