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"We are looking to develop about 15 projects in these five new cities with over 100 acres of land in total," Malik said.The group, which is currently developing 20 projects in south India, is also planning to construct 100 housing units for Adivasis and poor people in Kerala free of cost, he said.It is also likely to launch 3-4 residential projects in the state within the next six months.
State-run aerospace major Hindustan Aeronautics Ltd (HAL) announced Monday that it will set up a strategic electronics manufacturing factory in Kerala at an investment of Rs 2 bn ($47.6 mn).
The factory would come up on 200 acres at the Kinfra Industrial Park in Kasargod district, said a statement issued by the state-owned Kerala Industrial Infrastructure Development Corp (Kinfra).
Apart from Vizhinjam container transhipment terminal, for which a developer has already been selected, the other ports in the list that have been put through initial stages of the development process include Beypore, Azhikkal, Alappuzha and Thangassery.
LINK Real estate firm SRK Group aims to invest Rs 5000 crore in developing various properties across the country over the next five years with plans to expand to new cities.
In the event, Malabar Port will be given a compensation by the winning bidder, the quantum of which will be indicated in the request for proposal (RFP) documents.
The selected investor will not be given any financial assistance by the Government for supporting infrastructure such as rail connectivity, widening of the roads, water supply and electricity at any stage of the development process."Currently we are talking to land owners to acquire land, but nothing has been finalised yet," he added.Apart from Delhi, where SRK Group plans to develop only commercial projects, in all the other cities it will develop both residential and commercial properties."We will also be launching healthcare facilities and ambulance services in rural Kerala," he added.The government on Monday approved 10 road projects to be build with the help of private firms at a cost of 105.07 billion rupees (.5 billion), the finance ministry said in a statement.In Kerala, we have already identified some projects, which we will be developing in the future." He, however, declined to comment on the size of the investment the group is planning to put in.