But it has neither completed the registration of the land nor settled a contentious stamp duty issue.

Smart City Dubai chief executive Fareed Abdul Rehman said the next round of discussions would take place at the director board meeting slated for Sep 30.

'Nothing has been concluded because there are a few issues to be sorted out,' said Rehman.

Chief minister V.S. Achuthanandan had laid the foundation stone of the Rs.1,500-crore ($316-million) IT township project Nov 16, 2007, but there has been no progress since then.

The project has hit a road block with over the issue of giving 12 percent freehold land to the Dubai firm.