+
Cochin Development Body to Launch Residential and Commercial Projects Soon
Real Estate

Cochin Development Body to Launch Residential and Commercial Projects Soon

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.

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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code