GCDA returns to affordable housing with Twin Tower Apartment Complex
Real Estate

GCDA returns to affordable housing with Twin Tower Apartment Complex

After an absence of nearly thirty years, the Greater Cochin Development Authority (GCDA) is returning to affordable housing initiatives. The first step in this endeavour involves the construction of a twin tower apartment complex on a one-acre plot of GCDA land in Gandhinagar. To make way for the new complex, the existing old staff quarters on the site will be demolished.

During a meeting on July 3, the GCDA executive committee decided to proceed with the project and submit a report to the state government. Sources indicate that an architect has been selected to provide a feasible design for the development.

Since the flats will be sold to the public, GCDA requires prior permission from the government. Each customer who purchases a flat on the plot will be entitled to a piece of land as well. The government must make a policy decision on this matter, and a proposal will be promptly sent to them.

In the 1980s and 1990s, GCDA undertook various housing projects in and around the city, including row houses in Panampilly Nagar, Gandhinagar, Edathala, and Rameswaram. These properties were constructed and sold to the public, targeting different income groups such as low-income, middle-income, and high-income categories. However, the proposed apartment complex will primarily target the high and middle-income groups due to the high land value in the area.

"Providing affordable housing has always been a priority for GCDA. However, we have not undertaken such projects for the past three decades. The proposed apartment complex will offer modern facilities and be affordable for the public. Although the design is not yet finalised, our rough plan is to construct twin towers, each with 12 floors. There will be a total of 82 units, including both 2BHK and 3BHK configurations. Additionally, our staff will receive improved living quarters," stated a GCDA official.

The estimated cost of the project is approximately Rs 600 million. While GCDA will invest in the project, they aim to finance it by selling the flats. The complex will include a sizable commercial space, such as a shopping complex and a supermarket.

"Constructing affordable projects without compromising on quality is a challenging task, as the government has set high standards for such developments. Therefore, affordability will be prioritised throughout all stages, starting from the design phase. If there is high demand for the flats, we will employ a lotting system. The price of the units cannot be confirmed at this time, but they will be cheaper than the market rate, as GCDA has no intention of making profits," the official added.

After an absence of nearly thirty years, the Greater Cochin Development Authority (GCDA) is returning to affordable housing initiatives. The first step in this endeavour involves the construction of a twin tower apartment complex on a one-acre plot of GCDA land in Gandhinagar. To make way for the new complex, the existing old staff quarters on the site will be demolished.During a meeting on July 3, the GCDA executive committee decided to proceed with the project and submit a report to the state government. Sources indicate that an architect has been selected to provide a feasible design for the development.Since the flats will be sold to the public, GCDA requires prior permission from the government. Each customer who purchases a flat on the plot will be entitled to a piece of land as well. The government must make a policy decision on this matter, and a proposal will be promptly sent to them.In the 1980s and 1990s, GCDA undertook various housing projects in and around the city, including row houses in Panampilly Nagar, Gandhinagar, Edathala, and Rameswaram. These properties were constructed and sold to the public, targeting different income groups such as low-income, middle-income, and high-income categories. However, the proposed apartment complex will primarily target the high and middle-income groups due to the high land value in the area.Providing affordable housing has always been a priority for GCDA. However, we have not undertaken such projects for the past three decades. The proposed apartment complex will offer modern facilities and be affordable for the public. Although the design is not yet finalised, our rough plan is to construct twin towers, each with 12 floors. There will be a total of 82 units, including both 2BHK and 3BHK configurations. Additionally, our staff will receive improved living quarters, stated a GCDA official.The estimated cost of the project is approximately Rs 600 million. While GCDA will invest in the project, they aim to finance it by selling the flats. The complex will include a sizable commercial space, such as a shopping complex and a supermarket.Constructing affordable projects without compromising on quality is a challenging task, as the government has set high standards for such developments. Therefore, affordability will be prioritised throughout all stages, starting from the design phase. If there is high demand for the flats, we will employ a lotting system. The price of the units cannot be confirmed at this time, but they will be cheaper than the market rate, as GCDA has no intention of making profits, the official added. 

Next Story
Infrastructure Transport

Drydocks World, CSL Join Hands to Boost Cochin Ship Repair Cluster

Drydocks World, a DP World company, and Cochin Shipyard (CSL) have signed an Agreement of Heads of Terms to evaluate and develop India’s first ship repair cluster at the International Ship Repair Facility (ISRF) in Cochin, Kerala. The MoU was exchanged in the presence of Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowal and H.E. Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, between Captain Rado Antolovic, PhD, CEO, Drydocks World, and Madhu S Nair, Chairman and Managing Director, CSL, during India Maritime Week 2025 in Mumbai. Strategically locat..

Next Story
Technology

SILA, Xempla to Pilot India’s First AI-Led FM Delivery Model

SILA and Xempla have joined forces to pilot and validate India’s first AI-first Facilities Management (FM) delivery model. The initiative aims to demonstrate how artificial intelligence can enhance both hard and soft services across India’s built environment. The collaboration brings together SILA’s operational expertise and national reach with Xempla’s AI platform for autonomous maintenance, decision support, and predictive operations. The partners intend to validate the model’s scalability and value across India’s diverse FM landscape. Commenting on the partnership, Rag..

Next Story
Infrastructure Urban

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?