GOCL Corporation Update On Realty Projects
GOCL corporation Limited has announced its progress in realty division.
Ecopolis at Bengaluru
‘Ecopolis’ is Company’s foray into real estate industry. The project is a joint development with Hinduja Realty Ventures Limited (HRVL). The mixed-use commercial development is located in the growth corridor of North Bangalore. The over 38.15 acres tech park comprises of SEZ & commercial office space, which will be constructed in phases.
In the first phase in the SEZ portion of the land, two LEED Gold rated buildings have been readied and a full floor in one of the buildings ( 73,465 sft ) has been leased. The client has commenced operations after fit-out.
HRVL is closely working with International Property consultants and local brokers to complete discussions with several clients on the remaining floors in Building 3 and 2 including built-to-suit requirements for the land available for future development. Due to the growing requirement of quality IT office space and improving social infrastructure, clients have seriously started exploring North Bangalore for office space. Given the ample land available for future development, any client’s immediate and future office requirements can be offered within the campus.
For the Company’s 100-acre integrated mixed-use township located in Kukatpally, which is easily accessible to all the hotspots of the city, for development of IT / ITeS, office, retail, educational Institutions, hospitality, healthcare and residential segments is in progress. Approval from AAI ( Airport Authority of India ) for Phase 1 has been received. Some of the other regulatory inspections have been completed.