Tag: Kochi

IndustryLatest Stories

Kochi: Bliss City Project Finally Set to Launch

Representative AI image KOCHI: After years of planning and a strategic alliance with the National Buildings Construction Corporation (NBCC), Kochi Metro Rail Ltd (KMRL) is set to launch its ambitious Bliss City project. This 31.43-acre mixed-use development in Kakkanad is transitioning from a mere concept to an active construction site, following the recent leasing of the first land parcels. “We have officially leased 3.41 acres of prime land to investors, with development work expected to begin soon. The initial phase will feature a unique design that integrates commercial spaces, shopping, and entertainment facilities. Additionally, a secondary parcel of 1.62 acres…

IndustryLatest Stories

Highway Expansion Reshapes Kochi’s Real Estate Landscape

Representative AI image KOCHI: The extensive development of the national highway is transforming Kochi’s growth trajectory, shifting real estate activities from the city center to the previously quiet suburbs like Maradu, Kundanoor, Madavana, and Koonammavu. The demand is fueled by comparatively lower land prices in these areas, ranging from Rs 7-10 lakh per cent, while Kochi city and the IT hub of Kakkanad command prices between Rs 25-40 lakh per cent. “Now, areas once viewed as outskirts are becoming attractive spots for investors and individuals seeking house plots. There’s a growing interest in mid-range properties, often 3-5 cents with small…

Latest StoriesResidential

Kerala CM to Hand Over Keys to 178 Houses on March 1

KOCHI: Chief Minister Pinarayi Vijayan will inaugurate the model township project aimed at rehabilitating survivors of the Mundakkai-Chooralmala landslides in Wayanad on Sunday. In the first phase, 178 families who completely lost their homes in the disaster will receive new houses. They will start moving into these homes near Kalpetta once the Chief Minister hands over the keys. The single-storey houses, covering an area of 1,000 sq. ft., have been designed with foundations that allow for a potential second floor in the future. Each house features a master bedroom, two additional rooms, a sit-out area, a living room, a study,…

Latest StoriesResidential

Kochi: Delay in Allocating Apartment Units in Rajiv Awas Yojana

KOCHI: The allocation of apartment units for beneficiaries in the Rajiv Awas Yojana (RAY) housing complex is facing further delays. Corporation authorities have announced that the trial run for the facility’s sewage treatment plant will take place on March 10. Selection procedures for beneficiaries are still ongoing. Mayor V K Minimol stated during a corporation council meeting on Tuesday that only 211 beneficiaries have submitted complete documentation, and the allotment process has been finalized for 198 of them. The total number of beneficiaries listed by the corporation is 398. Additionally, beneficiaries are required to contribute their share; this funding, along…

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…

IndustryLatest Stories

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.…

Latest StoriesResidential

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…