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Kochi metro increases land prices

Comments(4) Sub Category:Community,Municipality Posted On: Dec 27, 2011

The Kochi metro project is turning costlier day by day! The land acquisition in terms of metro rail expansion has brought in major change in the city’s realty sector.

Rs 10.7 lakh land rate has been fixed by district level purchase committee (DLPC). This is a costly affair indeed! However, this land belongs to EPF, KSRTC and BSNL.

At the same time road widening works are also on floors at Banerjee Road, north RoB, station approach road and many such.

On behalf of the property rates reaching sky high, midst the metro rail project also has come into picture to shoot up the property prices even more!

 

Source: Deccan Herald

4 Responses to “Kochi metro increases land prices”

  1. [...] the documents, the role of the DMRC in handholding the metro will only be ornamental. The fate of Kochi metro was decided jointly by Federal Minister for Urban Development, the Delhi government and the DMRC [...]

  2. [...] Nath, who is the central urban development minister. The terms of engagement for the DMRC in the Kochi Metro project was finalised by central urban development secretary, Sudhir Krishna. It was kept in mind [...]

  3. [...] Kochi metro increases land prices [...]

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