The success of the Technopark has resulted in a real estate boom in the area. The NH bypass is a much sought after location for real estate infrastructure projects today. With the IT sector doing exceeding well, the Government has already started work on a new mega Technocity located after Kazhakoottam near Pallipuram. It is expected to attract all the top IT and ITES players and generate lakhs of jobs. The influx of IT professionals in such large numbers will spark another real estate boom in the area in between the Technopark at Kazhakoottam and the Technocity at Pallipuram.
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