Kochi Metro Rail Ltd explores resources to develop land parcels
RAILWAYS & METRO RAIL

Kochi Metro Rail Ltd explores resources to develop land parcels

Kochi Metro Rail Ltd (KMRL) is exploring the probabilities of tapping its resources, especially its land parcels across the metro corridor, with the burden of loan repayment and operational expenses growing.

The administration plans to utilise the land for commercial ventures with the support of private partners.

There are reports that say the construction cost of the first phase of Kochi Metro had inflated to Rs 7,700 crore from the initial estimate of Rs 5,189 crore, but the KMRL officials said that such reports were baseless.

An official of KMRL told the media that it is a fact that the cost of the Metro project has increased over the years, but it is not true that there is a tremendous increase in the scheduled rate.

Currently, the KMRL is planning to develop its land parcels. The Metro Agency began taking measures to revive a hotel project attached to Ernakulam South Metro station. The work on the project had been stalled for quite a while as it began five years ago.

An official from the metro agency told the media that they have parcels in many places like Edappally and Aluva and that these holdings can be grown into ventures like malls or other commercial spaces. He also said they expect that support from private entrepreneurs can also be needed for the purpose.

In the meantime, KMRL designed many mega projects that remained non-starters. The Metro agency planned to develop a metro village in Muttom, but the project could not begin because KMRL could not ease the environmentalist's concerns.

The Bliss City project designed by KMRL at NGO Quarters in Kakkanad is similarly in limbo.

Image Source


Also read: Kochi Metro land acquisition to completed by August 31

Kochi Metro Rail Ltd (KMRL) is exploring the probabilities of tapping its resources, especially its land parcels across the metro corridor, with the burden of loan repayment and operational expenses growing. The administration plans to utilise the land for commercial ventures with the support of private partners. There are reports that say the construction cost of the first phase of Kochi Metro had inflated to Rs 7,700 crore from the initial estimate of Rs 5,189 crore, but the KMRL officials said that such reports were baseless. An official of KMRL told the media that it is a fact that the cost of the Metro project has increased over the years, but it is not true that there is a tremendous increase in the scheduled rate. Currently, the KMRL is planning to develop its land parcels. The Metro Agency began taking measures to revive a hotel project attached to Ernakulam South Metro station. The work on the project had been stalled for quite a while as it began five years ago. An official from the metro agency told the media that they have parcels in many places like Edappally and Aluva and that these holdings can be grown into ventures like malls or other commercial spaces. He also said they expect that support from private entrepreneurs can also be needed for the purpose. In the meantime, KMRL designed many mega projects that remained non-starters. The Metro agency planned to develop a metro village in Muttom, but the project could not begin because KMRL could not ease the environmentalist's concerns. The Bliss City project designed by KMRL at NGO Quarters in Kakkanad is similarly in limbo. Image Source Also read: Kochi Metro land acquisition to completed by August 31

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?