US realtor invests $200-mn in Asset Home's project

The US-based real estate major Taurus Investment Holdings (TIH) has kick started its first investment in India, in collaboration with Embassy Group and Asset Homes, through a $200 million project to create IT space and social infrastructure in Technopark IT Park in Thiruvananthapuram. This is one of the major infrastructure development projects in Kerala, focusing on the IT sector. The project was recently launched by Chief Minister Pinarayi Vijayan, where during the ceremony, he said that IT firm Fujitsu is exploring the opportunity to set up shop in the State, after Nissan Motor's digital hub and Tech Mahindra's plans to set up its office in the State. Taurus's JV project, named Downtown Trivandrum, has been designed as a mixed-use project with 5.5 million sq.ft of built-up space in 20 acres located within Phase-3 of Technopark. The project will consist of Embassy Taurus Tech Zone (ETTZ), a 3.3 million sq.ft office complex of IT workspaces, Taurus Zentrum, a 1.2 million sq.ft retail and entertainment centre and Asset Taurus Identity, with 315 units of serviced residences and a 200-key business hotel, he said.