Kochi Metro to Lease Land for Bliss City Project

25 Sep 2023 CW Team

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.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..