India’s National Building Construction Corporation (NBCC), in collaboration with the Kerala State Housing Board (KSHB), has called for a tender for the Marine Eco City project at Marine Drive in Kochi, India.
The project, valued at Rs22.8bn ($265m), marks the commencement of a significant infrastructure development in Kochi city, focusing on a mixed-use complex.
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The Marine Eco City project will be constructed on 17.9 acres of land owned by KSHB near Mangalavanam at Goshree junction.
The tender pertains to Phase A, which covers an area of 3.16 acres and is estimated to cost Rs4.86bn, according to the Times of India.
The development will include a mixed-use building with retail floors, office floors, club floors, residential floors, and a parking block.
It will feature shopping complexes and markets, as well as an international convention centre and exhibition area.
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By GlobalDataKSHB aims for the building complex to achieve a GRIHA green building rating or similar.
In September 2023, NBCC signed a memorandum of understanding with KSHB for the Marine Drive housing project, initially proposed more than ten years ago. The project was delayed due to plans for a public-private partnership model and setbacks from the Covid-19 pandemic.
The land near the Goshree bridge is a prime property, and the idea for a convention centre emerged in 2019.
The original project cost was estimated at Rs30bn, but it faced delays. The revised design retains key elements such as the shopping complex and convention centre.
Kerala’s revenue minister K Rajan previously stated that the complex would be developed as a major exhibition centre. KSHB chair P P Suneer also stated plans for an eco-friendly building, an international convention centre, and a bamboo forest as part of the project.
KSHB, established in 1971, has launched various initiatives to utilise its land bank across the state, addressing housing needs.
