Kochi Metro to lease land near Kaloor station for commercial development
KOCHI: A commercial establishment is set to come up on Kochi Metro’s land near Kaloor metro station in the city. Aiming to monetise its land in a prime area, Kochi Metro Rail Ltd (KMRL) will lease out the land, which is currently being used as Metro’s parking ground. KMRL issued a tender for commercial lease of 45 cents land adjacent to the metro station. The tender notice stated that KMRL wished to lease out its land to investors or developers who can develop the land parcel. It said that the proposed land was suitable for initiating ‘commercial activities/ shopping complex/…