Infrastructure major HCC's realty arm, Lavasa Corporation, that has floated a firm, MyCity Technology, in partnership with IT major Wipro, today tied-up with networking leader Cisco to provide Information and Communication Technology (ICT) services in the newly-created Lavasa city.

MyCity Technology, a joint venture company between Lavasa, Wipro and Cisco, will invest around Rs 450-crore to provide e-governance, ICT infrastructure and other value-added services in Lavasa city, the first of its kind venture in the world.

"MyCity is an endeavour towards making Lavasa a planned and well-managed city. With partners like Cisco and Wipro, we intend to make it green and sustainable through effective use of modern technology," Lavasa's Chairman Ajit Gulabchand told reporters at a press conference here today.

Gulabchand, however, refused to divulge any details on the stake each of the company holds in MyCity.

MyCity will be investing close to Rs 450-crore, that will be utilised over the next 10-years to provide ICT and architecture solutions such as water and fuel management, security, better transport and communication and also to make the city energy efficient. .