Kochi Metro Rail project
In a case related to the development of the Kochi metro rail project, the Competition Commission of India (CCI) has given a verdict in favour of the government bodies. The CCI has rejected the charges of unfair trade practices against Ministry of Urban Development, Delhi Metro Rail Corp (DMRC) and Kochi Metro Rail Ltd. A [...] Continue Reading »
Kochi-based start-up Village is India’s first incubator that is funded jointly by the public and private sectors. This start-up village is adding about 1.25 lakh square feet space as part of the plan to house and support more start-ups. The additional spaceis expected to be ready by June next year. The chief executive officer of this [...] Continue Reading »
Union urban development minister Venkaiah Naidu said that Centre would favourably consider plans to extend Kochi Metro to Tripunithura and Kakkanad. The minister assured Kochi Metro Rail Ltd (KMRL) that the government would consider their request to allocate Rs 400 crore additionally in the current fiscal. This year, Kochi Metro is looking for a budgetary [...] Continue Reading »
The government order issued last week lacks clarity on the procedures to be adopted while purchasing land. Also there is confusion whether the registration fee and stamp duty will be waived off. Due to this, the revenue officials are unable to start procedures to acquire the remaining land required for the Metro project. Amid criticism [...] Continue Reading »
The Kerala Chamber of Commerce and Industry (KCCI) today has advised the state government to sufficiently recompense the commercial and industrial formations functioning in the areas falling under the Kochi metro rail project for the loss being underwent by indebted to the metro rail works. The state government had not kept the promises given by [...] Continue Reading »
Kochi – The construction work of flyover at Edappally junction may soon initiate. The Delhi Metro Rail Corporation (DMRC) has decided to send a proposal to National Highway Authority of India (NHAI) to construct this flyover. According to an DMRC official, this proposal was put forward because Edappally flyover cannot be constructed as an independent [...] Continue Reading »
Kochi- As the project work of Kochi metro was handed over to the Delhi Metro Rail Corporation (DMRC), it has invited tenders within few days of the formal announcement. A high level meeting was arranged with all senior concerned authorities to decide the taker of Kochi Metro. Although the role of DMRC is small on papers [...] Continue Reading »
Kochi- Although the project work of Kochi metro is handed over to the Delhi Metro Rail Corporation (DMRC), the documents say a different story. According to 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 [...] Continue Reading »
Expanding IT/ITeS sector paved the way for real estate growth in Kochi. Now, in the last 2-3 months the real estate sector has exhibited significant appreciation in property value with the metro rail project coming up. Property prices have increased up to 30 per cent in areas where metro rail work has begun. Kaloor and [...] Continue Reading »
The proposed Kochi Metro Rail project is expected to positively impact city’s real estate market. The project is slated to be completed in three years’ time. A report prepared by Geojit BNP Paribas Property Services points out those areas within 500 meters from the 23 Metro stations coming up in the 1st phase will witness [...] Continue Reading »
