Inkel Searching For Partner For Its Project

Published on: 04 Jul, 2013
Published under: Cochin District News, General Kerala News, Kerala Real Estate Updates

4 July 2013
Kochi

Infrastructures Kerala Ltd a public-private-partnership (PPP) initiative by Kerala government, is looking for a partner to invest in its Rs 40-crore project at its Angamaly campus, said Inkel’s managing director T Balakrishnan.

The project is to build a second tower (Tower-2) with a built-up space of 2 lakh to 3 lakh sq ft in two acres of land. The last date for the request for participation in the project is July 31.

Inkel last year completed Tower-1 with 2 lakh sq ft space at an investment of Rs 25 crore. For the convenience of the entrepreneurs, the built-up space has been divided into Standard Design Modules (SDM) of 5,000 sq ft size.The state government is holding 26% of Inkel stake through various agencies while the remainder is owned by NRKs and banks.

Source– http://timesofindia.indiatimes.com/city/kochi/Inkel-in-search-of-partners-for-project-worth-Rs-40-crore/articleshow/20902324.cms

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