The bidding deadline for the QUAD project in Technopark Phase-IV has been extended to 18 December 2024, marking the third extension. This ambitious initiative aims to select a private co-developer to construct and operate an eight lakh sq. ft. IT building at Pallipuram, Kerala.
Originally, the revised request for proposal (RFP) submission date was 12 March 2024, which was subsequently extended to 07 May and 18 June due to limited bidder interest. To attract experienced developers, the latest RFP includes revised terms requiring co-developers to have previously constructed IT office buildings of at least six lakh sq. ft. Additionally, consortium participation is barred.
In tandem, Technopark has begun preparatory work for another 8.5 lakh sq. ft. IT building to be directly constructed and managed by the IT park itself.
Granted in-principle approval by the Kerala government in January 2022, the QUAD project boasts a budget of Rs 1,600 crore and envisions an integrated township with 40 lakh sq. ft. of built-up space across 30 acres. The development will feature office spaces, residential and commercial zones, hospitals, and educational institutions.
Officials aim for construction to begin promptly, striving for a mid-2025 completion target to meet growing infrastructure demands.
