UL Cyberpark’s ‘Quick Space’ Building to be ready

UL Cyberpark’s “Quick Space” building, which will offer incubation facilities for start-up IT companies, is expected to be ready by the first week of December 2011.The 10,000 sq. ft. building has 164 seats in the domestic tariff area of the park, all of which have already been booked.

According to UL Cyberpark officials, many IT companies have expressed interest in setting up units in the first Software Development Building (SDB), which will have a built-up area of 5.08 lakh sq. ft. and is estimated to cost about Rs. 90 crore.

The UL Cyberpark is being established by Uralungal Labour Contract Co-operative Society (ULCCS) on 25.11 acres of land. The park will be developed in two phases and will have a total built-up area of 32 lakh sq. ft. over the next eight years at an expense of Rs 600 crore. The first phase of 14 lakh sq. ft. is expected to be completed in three years. When fully operational, the park is expected to provide direct employment to 20,000 people and indirect job opportunities to 80,000 others.

The master plan of the park has been prepared by Nikken Sekkei of Japan. The park will also have “green” buildings.

The value of exports from the park is projected at Rs. 144 crore in the first three years of its operation. However, by the tenth year, this figure is expected to be ten times more at Rs. 1,500 crore.

via KeralaIT.org