The realty sector is riding on a new wave of growth in Kozhikode with work on two cyber parks in the south-eastern tip of the city and a knowledge park in the suburbs going apace. One of the cyber parks is being developed by the Vadakara-based Uralungal Labour Contract Cooperative Society (ULCCS) on 10 hectares of land. The Union Ministry of Commerce has granted the special economic zone (SEZ) status to the Rs.600-crore UL CyberPark. Another is the government-sector cyber park coming up on 28 hectares of land at Nellikode and Pantheerankavu villages. It has also received the SEZ status.

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