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

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..