Kochi Metro to Lease Land for Bliss City Project
RAILWAYS & METRO RAIL

Kochi Metro to Lease Land for Bliss City Project

Kochi Metro Rail Ltd (KMRL) has released an e-tender for leasing out its land in Kakkanad town in order to expedite the procedures for the proposed Bliss City project. KMRL would lease a total of 17.43 acres near the collectorate at Kunnumpuram for mixed-use development. The proposed multi-billion-dollar Bliss City will be built on 31.43 acres. KMRL has already received 17.43 acres from the government. It has been learned that KMRL has chosen to start the process of leasing out the authorized land because the process of allotment of the remaining 14 acres is likely to be delayed. Earlier this year, KMRL requested expressions of interest (EoI) for the Bliss City project, which included a medical city, entertainment and recreational hub, and so on. The concept was proposed as a way for KMRL to generate non-ticket revenue. Despite the fact that over 20 investors expressed interest in the concept, no financial proposals were offered. Because the majority of the investors were primarily interested in developing residential projects on the proposed area, KMRL opted to alter the concept. Earlier KMRL had held talks regarding the possibility of setting up a new campus of Infopark on the proposed Bliss City land as the Infopark authorities are already struggling due to unavailability of land for the development of the park. KMRL and Infopark have different concepts for leasing land, but there is still a possibility for collaboration, with Infopark's remaining 14 acres being more suitable for IT infrastructure.

Kochi Metro Rail Ltd (KMRL) has released an e-tender for leasing out its land in Kakkanad town in order to expedite the procedures for the proposed Bliss City project. KMRL would lease a total of 17.43 acres near the collectorate at Kunnumpuram for mixed-use development. The proposed multi-billion-dollar Bliss City will be built on 31.43 acres. KMRL has already received 17.43 acres from the government. It has been learned that KMRL has chosen to start the process of leasing out the authorized land because the process of allotment of the remaining 14 acres is likely to be delayed. Earlier this year, KMRL requested expressions of interest (EoI) for the Bliss City project, which included a medical city, entertainment and recreational hub, and so on. The concept was proposed as a way for KMRL to generate non-ticket revenue. Despite the fact that over 20 investors expressed interest in the concept, no financial proposals were offered. Because the majority of the investors were primarily interested in developing residential projects on the proposed area, KMRL opted to alter the concept. Earlier KMRL had held talks regarding the possibility of setting up a new campus of Infopark on the proposed Bliss City land as the Infopark authorities are already struggling due to unavailability of land for the development of the park. KMRL and Infopark have different concepts for leasing land, but there is still a possibility for collaboration, with Infopark's remaining 14 acres being more suitable for IT infrastructure.

Next Story
Infrastructure Urban

Gurugram to Launch Real-Time Waste Collection App in August

The Municipal Corporation of Gurugram (MCG) plans to introduce an app in August that will provide residents with real-time information about waste collection services. Developed by a private firm, the app will allow residents to track the live location of waste collection vehicles, receive updates on expected arrival times, and monitor the vehicles' proximity to their homes. A research team from a private university in Gurugram has been tasked with identifying features to enhance the app's efficiency and transparency in waste management. Their findings, expected within 15 days, will be reviewe..

Next Story
Infrastructure Transport

South India's First Double-Decker Flyover Opens for Trial Run

South India's first double-decker rail-cum-road flyover was partially opened for a trial run officials announced. Deputy Chief Minister and Bengaluru Development Minister D. K. Shivakumar conducted a 'trial walk' on the newly built flyover, which extends from Ragigudda to Central Silk Board and forms part of the Yellow Line of the Bengaluru Metro. Transport Minister Ramalinga Reddy and other officials also participated in the event. Constructed by the Bangalore Metro Rail Corporation Limited (BMRCL) at a cost of Rs 4.49 billion, the flyover is currently open for vehicular movement on only one ..

Next Story
Infrastructure Transport

GMDA to Reconstruct Key Gurugram Road and Build Flyover

The Gurugram Metropolitan Development Authority (GMDA) announced plans to reconstruct a major master sector dividing road from the Dwarka Expressway junction with Sector 86 Road to IMT Manesar at a cost of ?600 million. This road, currently in severe disrepair, will pass through Sectors 84/88, 85/89, 86/90, and 87/92. Additionally, GMDA will build a ?590 million flyover at Dadi Sati Chowk in Sector 86. "The road will be reconstructed similar to Rampura Road, and the tender for this has been floated," stated Arun Dhankhar, GMDA's chief engineer. Special repairs for major roads across Gurugram a..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000