Malabar Group, a leader in gold and diamond jewelry trade, is set to launch Malabar Integrated Township, a mixed-use master-planned community that will be built in Trissur, central Kerala, with a development cost of Rs.20 billion (AED1.07 billion, $293 million).

This landmark project is being developed by its property division, Malabar Developers.

Malabar Integrated Township, described as a city within a city where one can live, work and play will create a community comprising of IT hub, a commercial business cluster, a large convention facility, a residential community, a shopping mall and an entertainment center.

It will also host a five-star hotel along with a business hotel and a residential tower.

The project is situated within 90-minute driving distance of three international airports — Kochi, Coimbatore and Kozhikode.

The project, which will create more than 50,000 jobs, will be built on a five million square feet area. About 40 percent of the area will be for residential projects while 30 percent of the area will be for the IT business park.

The massive project will take Malabar Developers, which has been delivering real estate projects since 1995, to a new level and help expand the group’s capabilities to support and help realize the Indian government’s vision to take the economy to the next level.

Malabar Developers has been transforming aspirations and landscapes of a great nation and its people delivering over 1.8 million square feet in residential and commercial segments of India.

Currently, Malabar Developers has ongoing projects of over 3 million sq ft and another 10 million sq ft earmarked for construction, which includes around 5,000 residential units within 8 cities across all categories of residences.

“Malabar Integrated Township will help not only retain and nurture the local IT talents, but also help attract those scattered across other IT hubs in the world,” M.P. Ahammed, chairman of Malabar Group, said.