Tag: Kerala

CommercialLatest Stories

Kerala Fast-Tracks Land Finalization for IT Corridor

THIRUVANANTHAPURAM: The state government is set to finalize land parcels for several IT parks along the proposed Thiruvananthapuram-Kollam IT corridor within the next two months. The corridor, stretching from Technopark Phase III to Kollam alongside the under-construction NH 66, aims to become a new growth hub for the region’s technology ecosystem. Seeram Sambasiva Rao, the special secretary for electronics and IT, confirmed that verification of the identified land is underway and discussions are ongoing. “The process is moving quickly. We will soon finalize the land parcels for the project,” he stated to TOI, highlighting that land acquisition will commence immediately…

IndustryLatest Stories

Sobha Sees 61% Surge in Q2 FY26 Sales to ₹1,902.6 Crore

NEW DELHI: Real estate firm Sobha Ltd reported a 61% increase in sales bookings, reaching ₹1,902.6 crore in the second quarter of this fiscal year, fueled by strong demand for its residential properties. In the same period last year, the company achieved property sales worth ₹1,178.5 crore. According to a regulatory filing, Sobha Ltd sold 13.94 lakh square feet during the July-September quarter, with an average price of ₹13,648 per square foot. Bengaluru accounted for 69.7% of the quarterly sales, amounting to ₹1,326.4 crore, aided by increased momentum at the SOBHA Town Park project. Delhi-NCR contributed ₹309.7 crore, while the…

InfrastructureLatest Stories

Infopark, Cochin to Build Integrated AI Town by 2030

Representative AI image KOCHI: Authorities announced that the planned Infopark Phase III campus, anticipated to draw Rs 25,000 crore in investment, will be completed by 2030. During a joint press conference on Tuesday, Infopark CEO Susanth Kurunthil and Greater Cochin Development Authority (GCDA) chairman K Chandran Pillai stated that a notification regarding the pooling of 300 acres in Kizhakkambalam panchayat would be issued soon, with the project’s master plan expected within a year. The new campus, envisioned as a world-class ‘Integrated AI Township,’ is projected to create 200,000 direct jobs and over 400,000 indirect jobs, driving Kerala’s development and transitioning…

Latest StoriesResidential

RAY Towers: Kerala CM Highlights Model Resettlement Project

Sure! Here’s a rewritten version of the content: — File Photo KOCHI: The newly built twin housing complex in Thuruthy, developed by the Kochi municipal corporation under the Rajiv Awas Yojana (RAY) scheme, has been hailed as a national model for resettlement projects by Chief Minister Pinarayi Vijayan. Inaugurating the towers on Saturday, Vijayan emphasized that the Thuruthy apartment complex exemplifies cooperative federalism, showcasing successful collaboration between the Union and state governments, as well as local self-governing bodies. The state government has launched several initiatives for the enhancement of Kochi and its surrounding regions, including the development of Kochi Metro,…

InfrastructureLatest Stories

Palakkad Smart City: Kerala Finalizes Tender Processes

THIRUVANANTHAPURAM: Kerala has successfully completed the tender process for infrastructure development at Palakkad Smart City, the initial node of the Kochi-Bengaluru Industrial Corridor. According to a statement from the CMO, the construction contract has been awarded to a joint venture between Dileep Buildcon Limited (DBL) and PSP Projects Limited. This accomplishment makes Kerala the first state to finalize procedures for infrastructure development among the 12 industrial corridor-smart city projects approved in the country last year. The contract, valued at Rs 1,316.13 crore (including GST), was awarded after a competitive national tender process, with four companies participating, as per KINFRA (Kerala…

InfrastructureLatest Stories

Thiruvananthapuram Metro Hit by New Route Alignment Delays

Representative image THIRUVANANTHAPURAM: The Thiruvananthapuram Metro Rail project faces another setback as a high-level meeting led by Chief Secretary A. Jayathilak did not reach an agreement on the route alignment. Stakeholders, including elected officials and senior administrators, emphasized the need for underground lines to protect the heritage sites and green spaces of the city. Currently, the proposed Metro line is set to stretch from Kazhakkoottam to Pappanamcode, passing through Karyavattom, Sreekaryam, Ulloor, Medical College, Pattom, PMG, Palayam, Statue, Overbridge, Thampanoor, Killipalam, Karamana, and Pappanamcode, covering a distance of 21 kilometers. During the latest meeting, various alternative alignments were proposed, with…

Latest StoriesResidential

Kerala Govt Ensures Steady Funds for Life Mission Houses

THIRUVANANTHAPURAM: M B Rajesh, the local self-government and excise minister, assured the assembly on Wednesday that the state government is dedicated to resolving delays in fund disbursements for housing construction under the Life Mission project, emphasizing significant progress made thus far. In response to a query from Congress MLA P C Vishnunath, Rajesh reported that since the project’s initiation in 2017 until September 16, 2025, 595,536 beneficiaries have been identified. Out of this number, 462,412 families now occupy completed homes, while an additional 133,124 houses are in various stages of construction. “By the end of the current government’s tenure, over…

IndustryLatest Stories

Settle Pattayam Land Violations Now

THIRUVANANTHAPURAM: On Wednesday, the state cabinet approved the rules for implementing the Kerala Land Assignment (Amendment) Act, which will allow for the regularization of pattayam lands that have previously violated conditions, as well as provide for alternative uses under regulation. This decision symbolizes the next phase in the process that began with the passage of the amendment in the assembly last year. Chief Minister Pinarayi Vijayan stated that the measure aims to resolve longstanding issues in the high ranges. “Since 2016, addressing land-related problems for the residents in the high ranges has been a major goal of this government. This…

Latest StoriesResidential

Kerala Govt Approves ₹1,500 Crore Loan for LIFE Mission Housing

THIRUVANANTHAPURAM: On Wednesday, the state cabinet granted in-principle approval to secure a loan of ₹1,500 crore from Hudco, guaranteed by the government, through KURDFC for the LIFE Mission housing initiative. Of the total ₹1,500 crore, ₹1,100 crore will fund the construction of 127,601 houses, while ₹400 crore will be allocated for housing assistance to Scheduled Caste and Scheduled Tribe beneficiaries in gram panchayats where they make up the majority of the LIFE list. The borrowing will occur over two years, with ₹750 crore earmarked for each of the fiscal years 2025-26 and 2026-27. The loan will be repaid over 15…

Latest StoriesRera

Kerala RERA Lets Flat Owners Take Over Under-Construction Units

KOCHI: In a groundbreaking ruling, the Kerala Real Estate Regulatory Authority (K-RERA) has permitted a flat allottees association to assume control of an under-construction apartment complex from its developer. K-RERA exercised its special authority under the Real Estate Regulation and Development Act, 2016, to facilitate the takeover of the nine-storey apartment complex located in Angamaly. The registered association, MIR CINTRA, approached K-RERA after the promoter, MIR Builders and Developers Pvt Ltd, failed to deliver the flats to the allottees. The association highlighted that despite collecting ₹15.06 crore from them, the developer had not even completed the structural work of the…