The bidding deadline for the QUAD project in Technopark Phase-IV has been pushed back, marking it the third extension. The revised submission date is now scheduled for 18 December, 2024. The project aims to select a private co-developer to build and operate an eight lakh sq. ft. IT building at Pallipuram in Kerala.

Initially, the deadline for the revised request for proposal (RFP) was 12 March, which was later extended to 07 May and subsequently to 18 Junedue to a lack of bidder participation. The latest RFP introduces revised terms to attract experienced developers, wherein co-developers must have a proven record of constructing at least a six lakh sq. ft. IT office building to qualify. Additionally, consortiums are barred from participating in the project.

Parallelly, the IT park has commenced preliminary steps for constructing an 8.5 lakh sq. ft. building, to be built and managed directly by Technopark on the same campus. The QUAD project, granted in-principle approval by the state govt in Jan 2022, has a budget of Rs 1,600 crore. It is envisioned as an integrated township with 40 lakh sq. ft. of built-up space spread over 30 acres.

The development will feature office spaces, residential and commercial facilities, hospitals, and educational institutions. Officials now aim for construction to commence promptly, ensuring progress toward the mid-2025 completion target.