Cochin Development Body to Launch Residential and Commercial Projects Soon

24 Jan 2025 CW Team

The Greater Cochin Development Authority (GCDA) is set to launch two major infrastructure projects soon. They have invited expressions of interest (EoI) for constructing residential-cum-commercial complexes in Kakkanad and Kadavanthra. Both projects will be developed under a public-private partnership (PPP) model.

In Kadavanthra, GCDA plans to build twin towers on an 80-cent plot, currently occupied by the GCDA quarters. The existing two-storey building, which is over 50 years old and in poor condition, will be demolished. “The total cost of the project, which includes two towers and a shared commercial area, will be around Rs 700 million. This development will be carried out with the support of a private partner. As per the proposal, GCDA quarters will be housed in one tower, while the private firm will manage the second tower. GCDA will operate the three-story commercial building,” explained a GCDA source.

In Kakkanad, GCDA plans to construct a multi-storied complex at Olimugal, also on a PPP basis. This project, spanning 129 cents in Thrikkakara South village, will feature mixed-use facilities. The site, currently occupied by an old building, is strategically located near Seaport-Airport Road. According to the EoI document, the project will include modern office spaces for tech companies and startups, virtual offices, coworking spaces, shopping malls, business centers, conference halls, meeting rooms, and more. Residential options will consist of apartments, service apartments, and business hotels, along with recreational amenities like gyms.

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