Kochi, 14th September 2012: Manappat Group of Companies, a versatile business house with headquarters in Muscat, Sultanate of Oman and investments across United Arab Emirates, Saudi Arabia, United Kingdom and India has formed a new company in India namely “Manappat Infratech (P) Ltd” to implement various projects in Kerala. The Company is setting up a Mixed use Commercial/Retail development project in 4.26 acres of prime land at the entry point of Perumbavoor Town, Ernakulam District on the Aluva- Munnar highway. Company has got the market study done for the project by world renowned French Real Estate consultant Jones Lang La Salle. The project envisages construction of 250,000 sq ft ++ built up area with facilities such as commercial space, office space, 3 screen multiplex, food court, Residential apartments, 1500+ people capacity convention centre and star rated hotel. The land has already been acquired for the project and cost of the project shall be in excess of Rs 250 Cr when completed. It is expected that construction shall commence by end of 2012 and the first phase of the project will go on stream in August 2014.
This mixed use development shall be the first of its kind in sub urban towns in Kerala with one of the biggest multi level car parking facilities to accommodate more than 1000 cars. The Architects for the project shall be M/s C. R. Narayana Rao & co of Chennai
The company is also in the process of establishing an SEZ based IT/ITES Park near Kozhikode Airport. It is learnt that, Govt of Kerala is coming up with a revised policy guidelines for private IT parks as part of Emerging Kerala. The company proposes to join hands with GoK for providing state of the art plug and play IT/ITES infrastructure in the State. An extent of 35 acres of land has already been acquired for the project and necessary formalities for getting SEZ status for the project is being initiated. The project will have built up space for IT/ITES companies, developed land with all basic infrastructure besides social infrastructure like residential complex, shopping mall, hotel and other auxiliary facilities. The Manappat Knowledge Park, as it is called will cost Rs 1000 crores plus when completed. The total build up area envisaged is around 800,000 sq.ft. in the first phase, which will give direct and indirect employment for around 1500 people.
Other projects: The group also has plans to set up the following projects for which land has already been in possession.
a. Health care/ hospitality project with JV partners in an area of 12 acres of land in possession at Pukkattupadi, Cochin. Looking for JV partners
b. Appropriate development in a 5 acres land adjacent to the Koratty Info Park. We are in discussion with Government to act as a co-developer with Infopark.
c. We also have land banks in various parts of the state which we want to develop along with the Govt. or with potential JV partners, for which we are on the lookout for partners with viable project ideas.
d. To set up an Automatic Roller Shutter factory in association with the world leader in that segment M/s Norpa of Spain.
FFor more details, visit www.manappat.com