Cochin development body revises deadline for housing project again

04 Jan 2023 CW Team

Over the past four years, the projects have already missed several deadlines; the most recent was on December 31. Although only about 70% of the projects have been finished thus far, this has forced the authorities to change the deadline to April 30.

The plan is to build 86 apartments, with 82 people benefiting from the project. Four units will be used to set up a crèche, reading room, and other amenities. There will be two building blocks, each with four floors. Deck Each floor has sheet concrete flooring, and the building is steel-framed.

The structural erection of Block 2 is complete, and the remaining work, including plumbing and electrical work, is moving quickly. Block 2 will be finished by the end of January. The structural erection of Block 1 is halfway complete, with approximately 14 tonnes of steel material stacked at the site, and the structure will be erected beginning this weekend.

“Life mission is giving around Rs 9 crore out of the total Rs 14 crore in instalments and so far around Rs 4 crore has been received. A proposal has been sent to the Life Mission to get approval for the allotment of next instalment of Rs 2 crore. The work is progressing but only at a slow pace, “ said an official.

The work was previously postponed because the contractor, Thrissur District Labour Contract Cooperative Society (TDLCSS), allegedly had trouble raising money. But this problem has been fixed.

“We expect to complete the project by April,” said the official.

Greater Cochin Development Authority, Thrissur District Labour Contract Cooperative Society, P&T Colony, housing project

Due to the slow pace of construction, the Greater Cochin Development Authority (GCDA) has extended the deadline for the Life Mission housing project on its Mundamveli property for the rehabilitation of P&T Colony residents. Over the past four years, the projects have already missed several deadlines; the most recent was on December 31. Although only about 70% of the projects have been finished thus far, this has forced the authorities to change the deadline to April 30. The plan is to build 86 apartments, with 82 people benefiting from the project. Four units will be used to set up a crèche, reading room, and other amenities. There will be two building blocks, each with four floors. Deck Each floor has sheet concrete flooring, and the building is steel-framed. The structural erection of Block 2 is complete, and the remaining work, including plumbing and electrical work, is moving quickly. Block 2 will be finished by the end of January. The structural erection of Block 1 is halfway complete, with approximately 14 tonnes of steel material stacked at the site, and the structure will be erected beginning this weekend. “Life mission is giving around Rs 9 crore out of the total Rs 14 crore in instalments and so far around Rs 4 crore has been received. A proposal has been sent to the Life Mission to get approval for the allotment of next instalment of Rs 2 crore. The work is progressing but only at a slow pace, “ said an official. The work was previously postponed because the contractor, Thrissur District Labour Contract Cooperative Society (TDLCSS), allegedly had trouble raising money. But this problem has been fixed. “We expect to complete the project by April,” said the official. Greater Cochin Development Authority, Thrissur District Labour Contract Cooperative Society, P&T Colony, housing project See also: Godrej Properties to unveil Rs 80 billion housing project in DelhiMahagun Group to build luxury housing project in Noida

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..