Technopark Phase III Set to be Commissioned Jan 2013 - More growth for real estate

According to official reports from Technopark's administrative body, the phase III of Technopark is likely to be commissioned by January 2013. The Phase III expansion having twin towers is likely to add about 1 million square feet to Technopark and to add a feather in its cap is also a green building built with environmentally friendly standards. 

The new building is expected to offer an additional 40,000 jobs within Technopark. HCL, Oracle and CapGemini are some of the companies who have bought space in Phase III. Some new facilities in Phase III include banks, atms, cafeteria, swimming pools, malls and food courts. The Phase III makes the total area of Technopark close to 350 Acres and about 7 million square feet in all.  The two technopark towers have been named Anamudi and Ponmudi after two peaks in Kerala.

For the real estate sector, additional 40,000 jobs coming into phase III of Technopark means an additional 2000 to 3000 housing units which would be in demand in the area in another 2 years, assuming a large chunk of audience would come in from Trivandrum and nearby areas. The largest demand would be for apartments as people who work in MNCs from Bangalore, Chennai and Hyderabad move in to Trivandrum towards the second half of 2013 once operations kick off.