SEZ status for 2 projects at SmartCity.

The Centre has given special economic zone (SEZ) approvals as co-developers to GEMS Modern Academy and to the IT project of Maratt Ltd. at SmartCity Kochi.

GEMS Education is building a school of international standards on an eight-acre plot at SmartCity. It will offer the CBSE curriculum. The project will have a built-up area of 2.5 lakh sq ft that can host over 3,000 children.

Now that it has received the SEZ co-developer status, the Bangalore-based realty major Maratt Ltd. will accelerate the development of its three lakh square feet facility for IT companies.

SmartCity Kochi is getting ready for the commissioning of the 6.5 lakh square feet first-phase building in June. It will also soon start the construction of the second phase.

The co-developers' constructions would speed up the growth activities, Gigo Joseph, CEO, SmartCity Kochi, said in a statement.


HBL