Tag: Kochi

InfrastructureLatest Stories

Kochi Metro Infopark Extension May Miss June 2026 Deadline

KOCHI: Kochi Metro Rail Ltd (KMRL) is racing to finish the first stretch of Phase II (Pink Line) from Jawaharlal Nehru (JLN) Stadium to Infopark by June 30. Although construction activities have increased with 80% of the piling work completed, there’s concern over the slow progress of essential civil works. Viaduct construction is at just 30%, and pier work is at 37%, leading to doubts about timely completion. “It’s a tough task, but we’re determined to open the first five stations by mid-year. We are already tendering key works, including a third rail traction system, but we need sufficient funding…

IndustryLatest Stories

Veegaland Developers Files ₹250-Crore IPO with Sebi

NEW DELHI: Veegaland Developers, a real estate firm under the V-Guard group, has submitted draft papers to market regulator Sebi to raise ₹250 crore through an initial public offering (IPO) aimed at fueling its expansion efforts. This IPO is a completely new issue of shares, with no Offer-for-Sale (OFS) element, as detailed in the draft red herring prospectus (DRHP) submitted on Tuesday. Funds from the IPO will be allocated to cover part of the ongoing and upcoming project costs, estimated at ₹111.60 crore, alongside ₹18.49 crore earmarked for purchasing specific land parcels for residential projects. The remainder will be utilized…

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Kochi: Nodal Officer Appointed for Infopark Phase III Land Pooling

Representative AI image KOCHI: The government has appointed Shaji V Nair, the current CEO of Cochin Smart Mission Ltd, as the nodal officer for the land pooling process of the Infopark Phase III project. This project covers approximately 500 acres and is anticipated to accelerate the land pooling procedures. Previously, the Greater Cochin Development Authority (GCDA) requested the government to appoint a nodal officer for the land pooling initiative. The authority has already identified specific land parcels designated for pooling for the proposed Phase III campus, with around 300 acres in the Kizhakkambalam panchayat earmarked for the integrated IT township.…

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Kochi Apartment Owners Request Relaxation on STP Installations

KOCHI: The Consortium of Flat and Villa Owners Association, Kerala (COFVOAK), has approached Chief Minister Pinarayi Vijayan to request relaxed regulations for installing sewage treatment plants (STPs) in apartment complexes built before 2007. They are also seeking exemptions due to the planned centralized sewerage system in Kochi. The consortium is urging the government to provide appropriate directives to the pollution control board (PCB) and the Kochi corporation to prevent the cancellation of occupancy certificates (OCs) or disconnection of essential services to these buildings. Additionally, they are requesting that these complexes be exempt from retrospective PCB consent fees, suggesting the fees…

CommercialLatest Stories

Cochin Body Approves Land Pooling for Infopark Phase-III

Representative AI image KOCHI: The executive committee of the Greater Cochin Development Authority (GCDA) has approved a resolution for the pooling of 500 acres to establish Phase III of the Infopark campus. Following local body elections, a notification for land pooling will be issued. GCDA will provide details regarding the land in Kunnathunadu taluk, including survey numbers and the names of landowners. This notification serves as the official alert to landowners about the pooling process, allowing them to approach GCDA with any concerns. Recently, GCDA opened an office dedicated to land pooling. Prior to the notification being issued, the state…

CommercialLatest Stories

Cochin Body Launches Land Pooling for Infopark Phase III

KOCHI: The Greater Cochin Development Authority (GCDA) launched a land pooling office for the Infopark Phase III campus on Friday, marking the commencement of the land pooling process. Industry Minister P Rajeeve inaugurated the office within the Infopark campus, which will oversee the pooling of approximately 500 acres in Kunnathunad for the planned AI-integrated township. “As GCDA advances with land acquisition, Infopark will focus on designing and developing the campus’s software,” revealed Infopark CEO Sushanth Kurunthil. “The main objective of this campus is to implement all essential services through artificial intelligence, relying on real-time data analysis,” he added. “Operations will…

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Infopark Irumpanam: Mixed Township Model, Says Kerala CM

KOCHI: Chief Minister Pinarayi Vijayan announced on Saturday that the new Phase IV campus of Infopark in Irumpanam will adopt a mixed township model, featuring five million square feet of new IT space. The state government previously decided to allocate 33.5 acres from Traco Cable Company in Irumpanam to Infopark for ₹200 crore for the campus establishment. In a social media post, the Chief Minister stated that the Phase IV campus is expected to generate 50,000 direct IT jobs and attract ₹3,000 crore in investments. “This development is designed as a mixed township, incorporating modern IT complexes, world-class infrastructure, and…

IndustryLatest Stories

Technical Team Evaluates Maradu Flats Site

Sure! Here’s a rewritten version of your content: File Photo KOCHI: In line with the Supreme Court’s ruling on the Maradu flat demolition, a team of technical experts from the Kerala Coastal Zone Management Authority (KCZMA) conducted a thorough inspection of the site on Thursday. They assessed the condition of the areas where the demolished apartments were located, alongside adjacent regions. The expert team comprised KCZMA personnel, district urban planning officials, and Maradu municipality engineers. Their objective was to evaluate potential violations of the Coastal Regulation Zone (CRZ), examine the status of nearby water bodies, and review land restoration efforts.…

InfrastructureLatest Stories

Kochi Metro Plans Phase II Extension to Infopark III, Kizhakkambalam

KOCHI: Kochi Metro Rail Limited (KMRL) is planning to extend its Phase II pink line to the Kizhakkambalam area, where Infopark aims to establish its Phase III campus. The IT Park officials have informed that they’ve completed initial discussions with KMRL regarding this extension. The work on the pink line is currently underway, with KMRL targeting completion by 2026. The existing plan terminates the line near Infopark’s Phase I campus. Infopark CEO Sushanth Kurunthil stated, “We are prioritizing Metro connectivity for our Phase III project, as this integrated township is set to be one of the largest infrastructure developments in…

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…