NEW DELHI: NBCC (India) is set to manage the first phase of the Marine Eco City project at Marine Drive in Kochi, serving as the project management consultant (PMC) for the Kerala State Housing Board (KSHB). The initial phase is estimated to cost approximately ₹480 crore.
The Marine Eco City project will span 17.9 acres of waterfront land near the BPCL housing complex at Marine Drive. It is designed as a mixed-use development, integrating residential, commercial, and hospitality elements.
NBCC will oversee the project using an engineering, procurement, and construction (EPC) approach.
Phase I will occupy 3.16 acres and include a residential-commercial tower with 152 apartments, complemented by retail and office spaces. The total built-up area will be around 85,733 sq metres (approximately 9.22 lakh sq ft), including parking facilities.
The entire project will be executed in three phases. Phase II and Phase III will utilize the remaining 14.74 acres, with Phase II featuring a five-star hotel with 105 rooms and a convention centre.
Phase III will consist of six residential towers housing a total of 952 apartments, comprising 538 three-bedroom units and 414 four-bedroom units across lower ground, ground, and 28 upper floors. The combined built-up area for Phases II and III is projected at approximately 44.2 lakh sq ft, including parking facilities.
In 2023, NBCC and the Kerala State Housing Board signed a memorandum of understanding for the project, aiming to develop the land through a mixed-use urban initiative that enhances residential and hospitality options in Kochi.
