of the existing IT units are expected to see an investment of around Rs. 3000–4000 crore (US$0.75 billion) and an additional creation of 80,000–100,000 jobs. Taurus Investment Holdings, along with its partners Embassy Group and Asset Homes, is building a mixed-use project that is to build of floor space on of land, as a part of Phase 3. Phase IV expansion – Technocity The fourth phase of Technopark is also referred to as the "Technocity" project. It involves a mixed use—IT, biotechnology, nanotechnology, commercial and residential development—spread over of land, about from the present campus. It will be a self-contained IT township with the potential to employ 100,000 people. The expected investment in the project is around Rs 60 billion (over US$1.5 billion), according to 2007 estimates. Once Technocity's land acquisition is complete, Technopark will have an extent of close to , making it one of India's largest IT satellite townships in terms of geographic area, comparable to that of projects like Mahindra World City in Chennai. The government of Kerala has decided to partner with multiple private developers for Technocity and has formed a special company – Kerala State Information Technology Infrastructure Limited (KSITIL) – to take up the work. of the project area has already been acquired. A Request for Qualification was issued on 1 June 2008, and nine major developers, including international majors Emaar and Forest City Enterprises, have applied for qualification. Special Economic Zones in Technopark There are three Special Economic Zones (SEZs) inside Technopark. Each economic zone encompasses one of Phases I, II, or III. Phase IV will also become an SEZ once land acquisition is completed and will provide a range of economic benefits to the companies operating within Technopark. Technopark Club A sports and recreation club on the campus of Phase I provides diverse facilities for professionals to unwind. These include a gym; a swimming pool; and courts for basketball, badminton, table tennis, and beach volleyball. The Club supports tour operators in organising recreational travel of employees and their families; it also has a massage parlour, Vaisakha, and a multi-cuisine restaurant. Technopark Adventure Club The Technopark Adventure Club provides adventure activities to employees of Technopark and their families. It organises activities such as parasailing, rock climbing, rappelling, trekking and camping, paragliding. It administers a camp at Munnar, as well as corporate training camps. Tech-A-Break Tech-A-Break is Technopark's annual cultural extravaganza. Typically held over