Kochi
Project launches in Kochi might seem to depict that the real estate industry is on the rise, but the decreasing rate of property registrations tell another story. The financial year 2013-14 saw a dip in this aspect, in comparison to the year before. In terms of percentages, the decrease is only around 1%, but a [...] Continue Reading »
Six IT companies which are UST Global, Trans Asia, Claysys Technologies, Syscon Group, Brigade Enterprises and Media Systems will set up campuses in Kochi’s 160-acre Infopark Phase II project. Ferston Infratel Pvt Ltd and Abad Builders are also jointly developing this IT infrastructure facility and the expenses are expected to be Rs. 2500-crore. Industries and IT [...] Continue Reading »
In an evident attempt to speed up the Kochi Metro work, the state government has efforts underway to ensure that the land required for the project is acquired in the next one month or so. With the owners of the project having directly issued guidelines – without the administrative sanction of the government -for the [...] Continue Reading »
The Kochi Corporation has directed Kochi Metro Rail Ltd (KMRL) to execute civic jobs or to adequately compensate the civic body for the land which is being acquired for the Metro project. Expressing its grouse about the allegedly inadequate compensation for the civic body’s land, the corporation said that it is willing to give land [...] Continue Reading »
For the inordinate land acquisition delays of Kochi Metro, who’s to blame? As the agencies involved in the procedure such as the revenue department and the Delhi Metro Rail Corporation (DMRC) are blaming each other for the cause, the latter has already gone on record about the project going well beyond the December 2016 deadline. [...] Continue Reading »
A modern business centre HiLITE Platino in Kochi close to NH Bypass near Vytilla has been commissioned by the Kozhikode-based HiLITE Builders. The 1.3 lakh sq ft office space offers premium amenities for corporate firms, which is strategically located in the city’s prime commercial location. The project has a total of six floors and a [...] Continue Reading »
In the press release issued by the management of the Lulu Mall on its first anniversary in Kochi, it is being touted as the most famous shopping place in city. During last year, more than 2 crore people visited that mall. The management of mall also added that they have paid 34 crore as a [...] Continue Reading »
At the state department of Urban Affairs organized “Partner Kerala Summit”, the Greater Cochin Development Authority (GCDA) and the Kochi Corporation have unveiled projects worth over Rs 600 Crore. While the Kochi Corporation is showcasing projects including commercial complexes and hubs at key locations in the city amounting to Rs 244 crore, the GCDA proposed Rs 360 [...] Continue Reading »
In Monday’s interim Union Budget, Kochi Metro Rail project has been allotted Rs.462.17 crore. The total cost of the project is estimated to be Rs 5,537-crore. Of this, Rs. 66.95 crore as interest-free subordinate debt, Rs.161.79 crore will be loan while Rs. 233.43 crore will be given as equity contribution. Mr. Elias George, Managing Director [...] Continue Reading »
Instead of acquiring land from owners, the Kerala state government is exploring the option of purchasing land directly from the owners by registering the title deed for the Kochi Metro Rail project. There are concerns that if the land is acquired under the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement [...] Continue Reading »
