Malabar Group, well-known as a gold and diamond jewellery trader, is set to launch Malabar Integrated Township – a mixed-use master-planned community that will be built in Thrissur, central Kerala at a cost of Rs20 billion ($293 million).
This landmark project is being developed by its property division — Malabar Developers.
It is a city within a city where one can live, work and play. It will be a community comprising information technology hub, a commercial business cluster, a large convention facility, a residential community, a shopping mall and entertainment centre.
It will also host a five-star hotel along with a business hotel and an iconic residential tower that will raise the profile of Kerala in urban landscape.
IT professionals will be able to live and work within the same community that will offer them a perfect work-life balance.
Conveniently located on the National Highway 47, the project is a 90-minute drive from three international airports — Kochi, Coimbatore and Calicut.
The project will be built on a five million square feet area, about 40 per cent of it will be for residential purpose while 30 percent will be for the IT business park.
The massive project will take Malabar Developers, which has been delivering real estate projects since 1995, to a new level and help expand the group’s capabilities to support and help realise the Indian government’s vision to take the economy to the next level.
“Malabar Integrated Township will help not only retain and nurture the local IT talents, but also help attract those scattered across other IT hubs in the world,” MP Ahammed, chairman of Malabar Group, said.
“Malabar Integrated Township will also attract investment in outsourcing business — which due to a competitive environment worldwide — will look at more cost-effective destination. When it comes to cost advantage, no one could beat the cost competitiveness of Kerala,” he said.