The capital city will have its new mixed-use township — ‘Neopolis’ in the 158 hectares of land at Technopark Phase-IV at Pallipuram. It is the first component of the proposed Outer Area Growth Corridor (OAGC) project near the proposed outer ring road. The main theme for OAGC Neopolis is aerospace technology, and it is likely to host a Space Park as an integrated township for the development of aerospace clusters dedicated to other allied electronics, software, and other IT and latest technologies such as robotics, artificial intelligence (AI), machine learning, data analytics, blockchain, and the Internet of Things. The proposed IT township will have residential buildings, malls, recreational facilities, and five-star hotels.
The Neopolis will be developed jointly under the Special Purpose Company (SPC) promoted by Thiruvananthapuram Corporation, Andoorkonam Panchayat, Mangalapuram Panchayat, CRDP, and Technopark to enable faster development and direct administration of infrastructure, employment, economy, and ecology by attracting investments and talents