Kochi: Kochi Metrol Rail Ltd is holding a round table Conference on Property Development Initiatives to ascertain the views of developers and investors on June 17.
KMRL has identified eight major station locations for property development, including Aluva, Kalamassery, Kaloor, Ernakulam South and the state government has given 17 acres of land at nearby Kakkanad which can be developed for this purpose, a Kochi Metro press release said.
The intention is to optimally utilise these prime land parcels to generate cash flows to support metro operations and capital expenditure. There is approximately 6500 square metre of space available for this purpose at this moment, it said.
M/s Knight Frank is currently engaged as a Knowledge Partner and Consultant to the Kochi Metro Rail Ltd. for the event.
"The purpose of this investor meet is to understand the market and its trends so that we can enhance our revenue generation through station locations and proposed Metro Township at Kakkanad.
This will also help us find better means to improve passenger experience through station innovations," Elias George, Managing Director,Kochi Metro Rail Limited said.
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