Kochi
A unique and exclusive housing finance Branch has been opened in Ernakulam by the State Bank of Travancore (SBT). As per the statement of spokesman no other public sector bank in India operates such a branch anywhere in the country. For all housing, interior modification/beautification plans and other top-up loans for housing, it will be [...] Continue Reading »
Due to Urbanization and migration of peoples towards cities, the government has to consider about urban mass rapid transit systems which are also known as metro railways to reclaim much of the lost ground in urban planning. At least 10 metro projects are at the different phases of planning and implementation. These projects would need [...] Continue Reading »
Mr. Francois Richier, French ambassador to India, says that the French Government is ready to invest in Indian market. He also added that French companies are among the biggest investors in India and there are 350 French companies with nearly $19 billion worth ready to invest in India. He further says that the French companies [...] 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 »
The Kochi Metro Rail Ltd (KMRL) denied the possibility of acquiring more land for construction of Operation Control Centre (OCC) at Muttom. The Metro agency mentioned that the facility would come in focus at the site identified for Kochi Metro’s coach maintenance yard at Muttom. KMRL spokesperson says that the design of the maintenance yard has [...] 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 »
The Cochin International Airport Ltd (CIAL) has been focusing to collect revenue of Rs. 3,000 crore in the next 10 years. To achieve the targeted revenue, CIAL has to focus on three major areas. According to them, target should be achieved by better and outstanding services to passengers, diversification of business activities and achieving self-reliance [...] Continue Reading »
Retirement homes, or senior citizen living spaces, are becoming big business in the country. Senior housing is a $25-billion industry worldwide, according to Jones Lang LaSalle India. India has an approximate demand for 3 lakh such homes prized at over $1 billion. The massive demand for flats or townships for senior citizen with or without [...] 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 »
