Kochi SmartCity new lease deed and agreement to be signed tomorrow

This article discusses the Kochi SmartCity lease agreement, expected to be signed on 23 Feb 2011.

SmartCity Kochi Infrastructure Pvt Ltd director board is meeting tomorrow (23 Feb 2011) to sign the Kochi SmartCity lease deed.

246 acres of land will be leased to the SmartCity for 99 years. 2 separate lease deeds will be signed for 131 and 115 acres of land respectively since they are separated by the Kadambrayar river. Later when over bridges and fly overs are built connecting the lands, a combined lease agreement will be signed.

Representatives of TECOM Investments will arrive in Kochi tomorrow to sign the lease deed and final agreement for the SmartCity project.


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