Embassy Group Has Signed Joint Venture Deal in Trivandrum, Kerala with Taurus Investment Holdings

Embassy Group Has Signed Joint Venture Deal in Trivandrum, Kerala with Taurus Investment Holdings

Embassy and Taurus Investment Holdings Partner for IT SEZ Project in Kerala. Leading Indian developer Embassy and US-based Taurus Investment Holdings has announced a joint venture in Trivandrum, Kerala to develop a new IT SEZ project in Kerala. Embassy Group Has Signed a Joint Venture Deal in Trivandrum, Kerala with Taurus Investment Holdings.

Project Details:

• Joint Venture: Winterfell Realty Private Limited
• Project Name: Embassy Taurus World Technology Centre
• Location: Technopark Phase III campus, Trivandrum
• SEZ Area: 10 acres
• Office Space: 2.3 million sq ft (Phase 1: 1.4 million sq ft)
• Investment: Approximately Rs 850 crore
• Completion Timeline: Phase 1 in 24-30 months, total project in 60 months

Significance:

• This marks the Embassy’s first project in Kerala.
• The project is strategically located with well-known firms planning developments in the region.
• The partnership leverages the Embassy’s expertise in office development and Taurus’ global investment experience.

Additional Notes:

• The project was previously delayed due to procedural issues.
• A lease agreement with Technopark is expected to be signed within a few months.
• The larger Taurus Downtown project encompasses 5 million sq ft and includes a non-SEZ area with retail, hospitality, and entertainment facilities.

Quotes:

• Jitu Virwani, Chairman & Managing Director, Embassy: “Embassy Taurus World Technology Centre has tremendous potential… We are committed to being a part of significant growth with our SEZ projects.”
• Ajay Prasad, Country Managing Director, India – Taurus Investment Holdings: “We are excited to partner with Embassy, a well-established developer with unmatched expertise in office development.”

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in