Kochi Metro Phase II faces delays over land acquisition

21 Nov 2024 CW Team

The Kochi Metro Rail Limited's (KMRL) Phase II expansion, connecting JLN Stadium to Kakkanad, has been delayed due to prolonged land acquisition processes. Revenue authorities have extended the validity of the 11(1) land acquisition notification by six months, delaying the issuance of the 19(1) notification for several key stations. While the 11(1) notification has been issued for stations at Palarivattom, Kakkanad, CSEZ, Chitethukara, and Kinfra, only CSEZ and Chitethukara have moved forward with the 19(1) notification. According to the revenue department's order, the notification's validity has been extended until April 2025 for stations along the 11.2 km route. Construction activities had begun in September, including piling works for the viaduct and CEZ Metro station. KMRL initially projected completion of the project within 20 months and had undertaken preparatory work, including soil tests and topographical surveys, along the route. The proposed line will include new stations at Palarivattom Junction, Palarivattom Bypass, Chembumukku, Vazhakkala, Padamughal, Kakkanad Junction, Cochin SEZ, Chittethukara, KINFRA, and InfoPark. However, disputes over land ownership have caused setbacks, slowing the progress of this critical infrastructure project. (ET)

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..