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Kochi Realty Market News

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Kochi Realty Market News

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  • Re : Kochi Realty Market News

    Debt-ridden church set to sell land to Chittilappilly

    TNN | Oct 29, 2018, 10:44 IST

    (Picture used for representational purpose)

    IDUKKI: Bishop of Palghat diocese Jacob Manathodath, who has been appointed as the apostolic administrator of Ernakulam-Angamali archdiocese, has decided to sell a property belonging to Ernakulam-Angamali archdiocese to pay off the debts of the archeparchy.

    “The apostolic administrator decided to sell a 12-acre plot situated near Vijo Bhavan at Kakkanad in Ernakulum. It will fetch more than Rs 70 crore. The money will be used to pay off the huge debt of the archdiocese. Businessman Kochouseph Chittilappilly will buy the land. The final process will be completed soon,” said a senior priest belonging to Ernakulam-Angamali archdiocese.

    “Presently we have a debt of nearly Rs 95 crore and the archdiocese is paying Rs 80 lakh per month towards loan interest of the proposed Medical College land. We have no way to pay off the huge debt. Pope Francis has given permission to the apostolic administrator to pay off the debt. The priests belonging to the archdiocese have also approved the decision,” Ernakulam-Angamali archdiocese PRO Paul Karedan said.

    “Earlier, we decided to sell the land proposed for medical college in Mattur near Kaladi. But we didn’t get a proper buyer and cancelled the decision. The apostolic administrator has been appointed to pay off the debts,” said Karedan.

    It was in 2016 that the Ernakulam-Angamali archdiocese appointed a committee to sell five plots owned by the archdiocese situated in and around Ernakulam town to pay off the debt. However, a controversy erupted after it was found that the church received only Rs 9.5 crore from the land deals.

    An expert committee appointed by the church confirmed the involvement of cardinal Mar George Alencherry in the sale of the properties, which incurred huge financial loss.

    Later, Pope Francis appointed Jacob Manathodath as the administrator ‘sede plena’ of the Ernakulam-Angamali archdiocese to resolve the issue.

    “We hope to close the bank loan and overcome a major part of the debt. Basically, if the land is sold as separate plots, we will get more money. But we consider Chittilappilly as a good buyer and decided to sell the land to him,” said the senior priest.

    Chittilappilly said that he had shown interest in the deal. “It is true that there is interest from our part but the deal is yet to be finalized,” he said.

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    • Re : Kochi Realty Market News

      Master plan for Thevara in offing

      Greeshma Gopal Giri | TNN | Oct 29, 2018, 07:43 IST

      KOCHI: The residentsof Thevara and Perumanoor regions have called for a master plan and its timely implementation. As vehicular movement through Thevara Junction on MG Road and Pandit Karruppan Road keeps increasing with each passing day, residents have come forward seeking measures to decongestthe area.

      Considering the mounting public pressure, SacredHeart’s College has taken the initiative to present a draft of an integrated urban development plan for Thevara on Monday. Urban planners, engineers, architects, politicians and experts will come out with feasible alternate solutions to decongest the region.

      Following this, we have decided to hold a seminar on November 1, and DMRC principal advisor Dr E Sreedharan will speak on ‘how we could go ahead with the plan’ said Fr Johnson X Palackappillil, principal of Sacred Heart’s College.

      Residents have alleged that only the city centre has been receiving the benefits of urban development projects being implemented in Kochi, the suburbs on the southern regions of the city are being completely ignored.

      “Thevara was once considered an island.Over the yearsit has become a highly connected centre of Ernakulam. The developments taking place in the city has not really benefitted the citizens. In fact, for them it has become a nuisance. Traffic jams have become the norm, posing a risk to pedestrian safety. Even the business houses are affected by the heavy traffic,” said Fr Palackappillil.

      Vehicles moving towards Kumbalam, Eda Kochi, Kundanoor, Thoppumpady and other southern regions of the district move through Thevara Junction. The on-going construction works of flyovers at Vyttila and Kundanoor is one of the main reasons why motorists opt for the Thevara route.

      As the region is densely populated, the experts will havetofindouthowland acquisition can be carried out by keeping displacement of people to minimum.

      The college has also sought the cooperation of agencies like Cochin Shipyard, Cochin Port Trust and Southern Naval Command in drafting an integrated urban development plan for Thevara.

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      • Re : Kochi Realty Market News

        Water Metro: 1st phase to be completed by October 2019

        TNN | Oct 29, 2018, 08:11 IST

        Kochi metro

        KOCHI: The Kochi Metro Rail Ltd (KMRL) plans to complete and begin operations of the first phase of Kochi Water Metro by October 2019. The tenders for vessels, which are part of Kochi Water Metro project, will be finalised and awarded by the first or second week of December.

        KMRL managing director APM Mohammed Hanish expressed faith that they would be able to start works without much delay. “Once the tender is awarded, construction activities will begin,” he said.

        According to KMRL the companies that have been shortlisted in the request for qualification (RFQ) will be given tender forms. “We will give them 30 days to respond to RFQ,” added Hanish.

        The Rs 819-crore integrated water transport system is being implemented in the Greater Kochi region. Aecom Consortium (a joint venture of Aecom India Pvt. Ltd., Urban Mass Transit Company Ltd, and Zebec Marine Consultants Service Pvt Ltd) has been appointed general consultant for the project.

        DDC, KITCO have prepared the detailed designs for Vytilla, Eroor, Kakkanad, Bolgatty, High court, Vypin, Mattanchery jetties.

        Around 8.67 hectares will be acquired for the project, of which 5.3 hectares is owned by government departments and 3.37 hectares owned by private parties. The land acquisition as well as land transfer is progressing. The integrated water transport project executed by KMRL is expected to cover 15 routes, 76-route km with 78 boats covering 45 terminals.

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        • Re : Kochi Realty Market News

          Remove all illegal hoardings: Collector

          With the high court set to hear the matter on illegal hoardings and billboards on Tuesday, district collector has directed the representatives of local bodies to remove such banners by Monday night.
          TNN | Oct 30, 2018, 10:52 IST

          Representative Image

          KOCHI: With the high court set to hear the matter on illegal hoardings and billboards on Tuesday, district collector has directed the representatives of local bodies to remove such banners by Monday night.

          He also asked them to ensure that all illegal banners put up by political organizations are removed. Commercial hoardings in private properties will also be pulled down.

          Officials from the local bodies informed that more than 80 % of illegal hoardings and billboards have been removed.

          The collector has also directed the tahsildars in land revenue department to submit a report. The report submitted by the local bodies will be later submitted to the HC.

          Kerala HC had earlier issued an order stating that the secretary and field staff of the local bodies will be held responsible if they fail to remove illegal hoardings before October 30.

          Meanwhile, city corporation informed the collector that they have formed squads in respective zones. The Collector has warned that if any illegal hoarding or banner reappears after it is removed, then legal action will be initiated.

          Amicus curiae advocate Harish Vasudevan will submit his detailed report in HC on Tuesday.

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          • Re : Kochi Realty Market News

            Gadkari announces Rs 450cr for road repair

            TNN | Oct 30, 2018, 23:30 IST

            Kannur: The central government will provide Rs 450 crore for repairing roads in Kerala, Union minister for road transport and highways Nitin Gadkari said here on Tuesday.

            Speaking after jointly inaugurating the work of Thalassery-Mahe bypass at Eranholi along with chief minister Pinarayi Vijayan, the Union minister said the Centre would clear the Rs 3,000-crore project for developing the National Highway from Thalappady to Chengala and from Chengala to Neeleswaram.

            Though Kerala had demanded Rs 603 crore from the Central Road Funds (CRF) for the repairing the flood-hit roads in the state, there was difficulty in approving it. “So Rs 450 crore have been approved,” Gadkari said.

            “We will not mix politics with development and we will do whatever we can do for people,” he said, adding that the Centre’s highest priority was to develop the infrastructure.

            Though land acquisition has been a problem in Kerala, there was considerable progress in that front after the government led by Vijayan took over and the land acquisition was progressing fast, Gadkari said. He also appreciated the progress in the land acquisition for laying the natural gas pipeline.

            Vijayan expressed the state’s gratitude to the Centre for announcing the release of Rs 450 crore from the CRF and termed minister Gadkari a “man of action” unaffected by political differences.

            He also thanked the Union minister for announcing the two road projects earlier stalled due to the objections by bureaucrats. He also said that the Union minister has promised support for developing the waterway between Bekal and Thiruvananthapuram.

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            • Re : Kochi Realty Market News

              Metro’s key cantilever bridge nears completion

              A challenging part of Metro work at Ernakulam Junction railway station will be completed soon as the 220m balanced cantilever bridge – constructed by Delhi Metro Rail corporation (DMRC) – will be ready within the next 10 days.

              TNN | Oct 30, 2018, 08:05 IST

              The tunnel constructed under Metro’s tracks for laying cables and carrying out maintenance works as part of the bridge

              KOCHI: A challenging part of Metro work at Ernakulam Junction railway stationwill be completed soon as the 220m balanced cantilever bridge – constructed by Delhi Metro Rail corporation (DMRC) – will be ready within the next 10 days. Authorities said that the pending work is spread across 3m now. The total cost of building the bridge is estimated to be Rs 58 crore.

              As many as 25 cantilever segments will cover a distance of 90m over the railway track at the station. “Each cantilever segment is placed at every 3m. We have used 128 stressing operations to connect each cantilever segment. Only four pillars (750, 751, 751 B and 752) have been constructed for the 220m-long bridge which has combination of radius curves (152.435m and 127.435m) at two places. Cantilever bridges are there in Delhi, Lucknow and Chennai for running the Metro, but they are straight ones. The one in Kochi is a curved one and the construction process was a huge challenge,” said a DMRC official.

              As many as 25 cantilevers have been placed between pillars 751 and 751 B over the tracks. Each segment was moulded using form traveller, a bridge building equipment.

              The construction of the bridge began in January 2016 and the scheduled deadline was October 2018. But, the work got delayed owing to the delay in acquiring land from Southern Railway on lease and getting approval from the commissioner of railway safety for the design as the structure was to be constructed over railway tracks. A tunnel has also been constructed under the Metro tracks for laying cables and carrying out maintenance works. The tunnel is 5.60m wide.

              The bridge is situated 16m above ground level with four pile caps (1,625 cu m in volume) above the four pillars. The bridge arrangement goes like this: 65m fixed span, 90m cantilever span and another 65m fixed span.

              The bridge has been constructed using 8000 cu m of concrete and 2,000 metric tonne (MT) of steel. Besides, 120 MT pre-stressing cables have been used to build the bridge. The material, if laid out in a straight line, will cover a distance of 110km. The proof checking consultant is IIT, Delhi and a Mumbai based private agency.

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              • Re : Kochi Realty Market News

                Despite court order, illegal hoardings plague Kochi

                Deadline Set By HC Elapsed On Tuesday
                TNN | Nov 1, 2018, 05:33 IST

                The authorities have failed in removing Illegal hoardings and banners that *** the city, even after a HC order in this regard.

                KOCHI: The one-week time set by the high court to remove all unauthorized flex boards from public places got over on October 31. But a random inspection done by TOI in the city revealed that the Kochi corporation has failed to remove illegal hoardings at many points. The HC had asked the secretaries of various local self-government bodies to ensure that all unauthorized hoardings or flex boards were removed before the deadline.

                The officials have failed to remove the flags and hoardings of a major trade union placed illegally inside the KSRTC bus stand in the city. The illegal flex boards and flags placed on the pillars inside the bus stand still pose an inconvenience to the public.

                Similarly, illegal flex boards and banners which were attached to the trees at Marine Drive ground along the Shanmugham Road have also not been removed. Illegal hoardings of movies and political parties are also found along the roads in Thevara and Thammanam. Huge flex boards of movies can still be seen at the junction connecting Stadium Link Road and Thammanam-Pullepady road. The busy stretch of Deshabhimani Road in the city is also not free from illegal flex boards of major political parties.

                Though the illegal hoardings and banners at major places in West Kochi, including Fort Kochi and Thoppumpady have been removed, many unauthorized hoardings and flags can still be seen in places in the outskirts of the city.

                The median at the busy junction at Goshree Road near Bolgatty Island is all covered up by the illegally placed flags of a major trade union organization. Unlawfully set up flex boards of many political parties are also found to be placed at Goshree Junction at Vypeen.

                The city corporation has, however, removed panels and banners from most of the electric posts in the city. Illegal hoardings of various shops which were kept along the footpaths obstructing movement of pedestrians at Kaloor and Palarivattom stretch have also been removed.

                According to experts, police can register cases against those who place unauthorized hoardings at public places posing danger to the people under sections 120(d) and 118(e) of the Kerala Police Act. There are no other major laws or regulations apart from these to punish those placing illegal hoardings at public places.

                The district collector K Mohammed Y Safirulla who has special powers according to the Kerala Road Safety Authority Act of 2007 on Tuesday had directed the officials of local bodies to submit the report after removing all illegal hoardings in the district before the stipulated time by the HC. But no specific orders were issued to take action against the offenders in this matter.

                While the district collector of Thrissur had issued an order in September to take stringent actions against those who place illegal hoardings according to chapter ten of Disaster Management Act, 2005 and section 26 of Kerala Road Safety Authority Act of 2007.

                Meanwhile, Harish Vasudevan, environmental activist and the amicus curiae appointed by the High Court, opined that the police were not taking proper action regarding these issues due to the lack of specific orders in the district. "Even if the police act according to the sections of Kerala Police Act, the offenders can easily come out of the case by paying fine," he pointed out.

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                • Re : Kochi Realty Market News

                  Rebuilding is no easy task, CM Pinarayi Vijayan reminds Keralites

                  TNN | Updated: Nov 1, 2018, 05:46 IST

                  Picture for representational purpose only

                  THIRUVANANTHAPURAM: On the eve of Kerala Piravi Day, chief minister Pinarayi Vijayan reminded Keralites about the massive task of rebuilding the state ‘after surviving the unprecedented devastation caused by the deluge by upholding the principles of fraternity, unity and companionship’.

                  “There is a huge gap between the financial aid Kerala could receive from the Centre as per existing norms of national disaster management authority which is Rs 4,796 crore and the amount required for rebuilding the state that stands at Rs 31,000 crore. This amount is even higher than Kerala’s annual plan fund,” the chief minister said in a statement issued here on Wednesday.

                  Exuding hope that the state could complete the rebuilding process through various programmes and platforms including ‘crowdfunding’, ‘idea hunt’, ‘idea exchange’ and ‘Hackathon’, Vijayan said a comprehensive project titled ‘Rebuild Kerala Initiative’ has already been formulated to collect public and expert opinions on action plans and their implementation.

                  Elaborating on the actual aid required in various sectors and what Kerala could expect from the Centre, Vijayan said the state could ask for only Rs 105 crore for construction of houses against a loss of Rs 5,659 crore in the sector. While, the education sector will receive only Rs 8 crore as central aid against the actual loss of Rs 214 crore.

                  Likewise, the state will receive only Rs 45 crore against Rs 4,499 crore in agriculture and fisheries sector, Rs 192 crore against Rs 8,554 crore for construction of roads and bridges, Rs 85 crore against Rs 353 crore in power sector and Rs 536 crore against the actual loss of Rs 1,484 crore in irrigationsector, he said.

                  Around 8,800km of PWD roads were damaged and the restoration cost is over Rs 10,000 crore.

                  “As per disaster management authority norms, only Rs 1 lakh will be sanctioned for reconstruction of 1km of road, which is grossly insufficient. In case of rural roads, we will get only Rs 60,000 in place of Rs 60 lakh/km, which is 60 times higher,” he said.

                  Vijayan also said that CMDRF (chief minister’s distress relief fund) has received over Rs 2,000 crore.

                  “But, the financial commitment we have already made has surpassed this amount. A sum of Rs 66 crore was spent for giving Rs 10,000 each to 6.65 lakh eligible survivors and other commitments made for rebuilding will surpass Rs 2,000 crore,” he added.

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                  • Re : Kochi Realty Market News

                    DMRC offers help for bridge project

                    SPECIAL CORRESPONDENT
                    KOCHI, NOVEMBER 02, 2018 00:00 IST
                    UPDATED: NOVEMBER 02, 2018 04:08 IST
                    Coastal road to decongest Thevara mooted

                    The Delhi Metro Rail Corporation (DMRC) is in the final stage of working out a sound technological solution to construct an overbridge at Vathuruthy. The metro agency can also help ready a feasibility report for a coastal road to decongest Thevara and nearby areas, with the assistance of Cochin Port Trust, DMRC Principal Advisor E. Sreedharan said here on Thursday.

                    Platinum jubilee

                    He was speaking at a seminar on Comprehensive Development of Thevara 2020, organised in connection with the platinum jubilee celebrations of Sacred Heart College, Thevara. Elaborating on an alternative parallel road along the coast to decongest Thevara, Pandit Karuppan (PK) Road and other key roads in the four-square-km region, he said that it can be realised within two years, if there is coordinated effort by different stakeholders. He expressed deep concern at the safety of pedestrians, especially schoolchildren using the narrow and heavily encroached on P.K. Road.

                    The construction of an overbridge at Vathuruthy is clouded in uncertainty after the Navy expressed reservations about having a bridge in close proximity to its airport. This had given rise to the demand for an underpass beneath the railway level crossing there.

                    Encroachers along Kochi Corporation-owned P.K. Road are a big headache for road users, said Hibi Eden, MLA. He called for an alternative to decongest the stretch. A signal system will shortly be installed at the junction where P.K. Road meets the Alexander Parambithara Bridge, Mr. Eden said.

                    K.V. Thomas, MP, too spoke.


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                    • Re : Kochi Realty Market News

                      Unauthorized flex boards reappear at many places

                      TNN | Nov 5, 2018, 06:01 IST

                      (Clockwise from to left): Despite removing illegal hoardings, many flex boards have started to reappear at Pac... Read More

                      KOCHI: Though Kochi corporation had removed most of the illegal hoardings from public places in the city in the wake of the recent high court (HC) order, unauthorized flags and flex boards have started reappearing at places from where they were removed.

                      The HC order had directed district officials to remove unauthorized flex boards, billboards, advertisement boards and flags by October 30, forcing the city corporation to complete the clean-up drive by the end of last month.

                      Despite removing such hoardings, many illegal flags have again been placed at the divider on Shanmugam Road near High Court Junction two days after the clean-up drive.

                      Interestingly, some major places in the city have been totally neglected. For instance, flex boards and flags are yet to be removed from KSRTC bus stand and Ernakulam Junction railway station. Even while removing many illegal flex boards across the city, corporation officials have missed out these significant spots.

                      Flex boards and flags are hanging down from the pillars inside the KSRTC stand.

                      Illegal flex boards pinned onto trees can still be seen around the city. Flex boards of various advertisements can be seen attached to the trees at the KSRTC bus stand near Ernakulam boat jetty, which lies just opposite to the corporation office.

                      Flex boards can also be seen attached to the trees inside the compound of railway quarters near South railway station. Illegally-placed flex hoardings were seen in places such as Pachalam and Vaduthala.

                      The corporation has not imposed fine on anyone on the recent drive conducted to remove illegal hoardings. Meanwhile, city corporation officials said that it was difficult to impose fine on people for placing unauthorized flex boards in public places as it was not clear about who had done it.

                      "Though there are talks about assigning some specific areas in the city where such advertisements can be placed, there has not been any formal discussions in the corporation council regarding the issue," said town planning standing committee chairperson Shiny Mathew.

                      Many illegal hoardings which had been fixed by concrete have not been removed properly. Only flex sheets of those have been removed from such hoardings keeping the metallic frame intact. Many such frames of illegal hoardings can be seen along Abraham Madamakkal Road near Kerala high court.

                      According to officials, the city corporation has now stopped removing metallic frames of illegal hoardings citing the expense required for such activities. "The corporation usually gives contract to workers for removing such items. But now it's not been done as there were objection regarding it since there are only expenses and no income from doing such activities," said Mathew.

                      "We had received complaints that our workers had removed some authorized hoardings along with illegal ones by mistake. To avoid confusion, we have pasted stickers on legally-placed hoardings," she added.

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