KOCHI: INKEL Limited has unveiled plans for Tower II project with the newly constructed state-of-the-art tower at Business Park, Angamaly all set to be commissioned next year.
The tower, which has come up on an area of 2.5 acres, offers a built-up space of 2.5 lakh sqft. It will facilitate companies with office spaces, equipped with power and water supply, at competitive rates.
The whole tower will be ready for occupation from February 2016.
“With the new tower, INKEL can facilitate the companies with excellent office spaces at much lower rates. We can lease the entire facility with mortgage and sub-lease facility on a long-term basis or on a monthly rental basis.
“This will benefit both the industrialists and investors. The ultimate plan is a fully integrated Business Park of 2.5 million sqft,” said T Balakrishnan, managing director, INKEL.
Tower II, an ultramodern four-storey building at the Business Park, has 40,000 sq ft of space on each floor. Investors can take up a minimum of 10,000 sq ft or multiple spaces for rental or on long lease.
The 30-acre land at Angamaly in Ernakulam was handed over by the state government in 2010 on a 90-year lease to INKID, a Joint Venture company of INKEL and Kerala State Industrial Development Corporation (KSIDC).
INKEL provides the space having specifications comparable to IT Building at a much lower rental of Rs 18 per sq ft per month and Rs 1,900 per sq ft for long lease to the units. This was made possible by adopting innovative practices in construction management and without compromising on quality and infrastructure facilities, INKEL said.