Brigade Enterprises to Build ₹150 Cr Third WTC Tower at Infopark Kochi

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Synopsis:

Brigade Group is launching a new 16-storey WTC tower at Infopark Kochi, costing ₹150 crore. It will offer 2.6 lakh sq. ft of space, create 2,700 jobs, and be completed within three years. This partnership aims to boost infrastructure for Kerala's expanding IT sector.

Brigade Enterprises News Today

Brigade Enterprises, in collaboration with Infopark Kochi, has announced plans to construct a third building complex under the World Trade Centre (WTC) banner at Infopark Kochi Phase-1.

Project Details

The project, valued at ₹150 crore, will feature a 16-storey tower equipped with a six-deck car park, situated on a non-SEZ plot. The building will offer a substantial built-up area of 2.6 lakh square feet.

Scheduled for completion within three years, WTC 3 is expected to accommodate a variety of IT and IT-enabled service companies.

Explore:Brigade Enter. Ltd Share Price

Economic Impact

WTC 3 is projected to generate approximately 2,700 direct employment opportunities, further boosting Kerala’s IT job market. This initiative aligns with the state's strategy to attract more businesses and facilitate economic growth through infrastructural development.

Current Landscape and Expansion Plans

Infopark Kochi currently hosts two existing WTC towers developed by Brigade Group, collectively offering 7.7 lakh square feet of space.

These facilities accommodate leading multinational corporations and contribute significantly to the local economy.

The addition of WTC 3 is poised to further solidify Kochi's position as a prime destination for IT and corporate sectors.

In Conclusion

The construction of WTC 3 at Infopark Kochi Phase-1 signifies a pivotal step towards enhancing Kerala's infrastructure and economic vitality.

By expanding its footprint in Kerala, Brigade Group reaffirms its commitment to supporting the state's growth ambitions while catering to the evolving needs of global businesses in the IT and IT-enabled services sectors.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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