Kochi Metro Rail Ltd explores resources to develop land parcels

05 Aug 2021 CW Team

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

Resources

29 May 2026

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Senior Living Shifts Beyond Retirement Housing

Senior living in India is increasingly being positioned as a lifestyle-driven housing segment rather than conventional retirement accommodation. Across projects in Bengaluru, Pune and the NCR, developers are focusing on wellness ecosystems, assisted independence and active ageing, reflecting changing perceptions of later life among urban affluent buyers.The shift is being driven by financially secure seniors seeking socially engaged and professionally managed communities instead of ageing in large family homes. Developers are also moving away from standalone retirement campuses, particularly i..

Antica Ceramica Launches Heritage-Inspired Terracotta Tiles

Antica Ceramica has launched a new terracotta tile collection inspired by India’s architectural heritage and designed for contemporary interiors and exteriors. The range combines handcrafted aesthetics with modern functionality, bringing warmth, texture and cultural character to residential and hospitality spaces.Drawing inspiration from traditional courtyards, verandahs and heritage homes, the collection features terracotta tones, handcrafted motifs and customisable patterns aimed at transforming flooring and surfaces into design elements. The launch reflects growing demand for natural mate..