Kerala govt nods construction of LIFE towers at Kattakada
Real Estate

Kerala govt nods construction of LIFE towers at Kattakada

The Kerala government has officially sanctioned the construction of LIFE towers at Kattakada, Kerala, which would have 28 units.

The sanction was provided along with six other units to establish in different parts of the state, including Chengala in Kasaragod (44 units), Kalanjoor in Pathanamthitta (32 units), Edappal in Malappuram (44 units), Kadampanad in Pathanamthitta (56 units), Karimba in Palakkad (72 units), and Eraviperoor in Pathanamthitta (28 Units) below the LIFE Mission project.

The construction of two house complexes under the LIFE Mission started at Azhoor and Madavoor panchayat in September 2020.

Flats at Azhoor will reside, 44 families and the project is costing Rs 6.72 crore.

The Madavoor flat is established on 1.2 acres of land, handed over by the revenue department. The project completion cost is Rs 5.5 crore.

Chief Minister Pinarayi Vijayan virtually inaugurated the construction works of 29 apartment complexes over the state as part of the LIFE Mission project in 2020.

The total housing units envisioned under the latest offer, including Kattakada, is 304, and the entire plinth area will be 17,613 sq m. The average price plinth area cost for the project is 27,747/sq m.

Earlier the government asked for clarification from the chief executive officer, LIFE Mission, for an actual increase in the unit cost of external work as the unit cost m/sq witnessed a growth of 3 to 9% over the original unit cost.

The government directed the CEO of the LIFE Mission to make sure that all facilities are there in the housing groups.

According to the clarification issued by the CEO for increased cost, the cost of construction varies on the type of foundation.

The value of external site development works mainly depends on the terrain of the land, retaining wall, length of compound wall, road development, earth cutting/filling required, among others.

It depends from site to site and directly can not be compared with the number of dwelling units.

Image Source


Also read: Housing prices stay fairly flat at 2.7%, growth to be in same range in FY22

Also read: Nashik real estate sector gains momentum after months of inactivity

The Kerala government has officially sanctioned the construction of LIFE towers at Kattakada, Kerala, which would have 28 units. The sanction was provided along with six other units to establish in different parts of the state, including Chengala in Kasaragod (44 units), Kalanjoor in Pathanamthitta (32 units), Edappal in Malappuram (44 units), Kadampanad in Pathanamthitta (56 units), Karimba in Palakkad (72 units), and Eraviperoor in Pathanamthitta (28 Units) below the LIFE Mission project. The construction of two house complexes under the LIFE Mission started at Azhoor and Madavoor panchayat in September 2020. Flats at Azhoor will reside, 44 families and the project is costing Rs 6.72 crore. The Madavoor flat is established on 1.2 acres of land, handed over by the revenue department. The project completion cost is Rs 5.5 crore. Chief Minister Pinarayi Vijayan virtually inaugurated the construction works of 29 apartment complexes over the state as part of the LIFE Mission project in 2020. The total housing units envisioned under the latest offer, including Kattakada, is 304, and the entire plinth area will be 17,613 sq m. The average price plinth area cost for the project is 27,747/sq m. Earlier the government asked for clarification from the chief executive officer, LIFE Mission, for an actual increase in the unit cost of external work as the unit cost m/sq witnessed a growth of 3 to 9% over the original unit cost. The government directed the CEO of the LIFE Mission to make sure that all facilities are there in the housing groups. According to the clarification issued by the CEO for increased cost, the cost of construction varies on the type of foundation. The value of external site development works mainly depends on the terrain of the land, retaining wall, length of compound wall, road development, earth cutting/filling required, among others. It depends from site to site and directly can not be compared with the number of dwelling units. Image Source Also read: Housing prices stay fairly flat at 2.7%, growth to be in same range in FY22 Also read: Nashik real estate sector gains momentum after months of inactivity

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement