Union budget 2014 for Kochi

Q: Anything for Kochi in the new union budget? Thinking of investing in this city, want to know about its future prospects.

Deepak Shetty, Kochi

4th September 2014

Real estate News in Kochi

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Replies (5)

For example the Rs 250 crore Maradu water treatment project. The thing is that so far, the city has been only able to spend 46% of the allotted Rs 517 crores, and without further approval from the centre, nobody knows what steps to take. The projects are lying abandoned at the moment.

Sathish Menon, Kochi

4th September 2014

Comment

Yes the works has already started on those, but the prolonged silence from the government is kind of proving that this renewal mission of the city’s developmental works has been discarded by the new government.

Smitha Ravi, Kochi

4th September 2014

Comment

The local body is greatly disappointed because they were hoping for an extension or revamp of a number of projects here. Some projects were already underway in the city under the JNNURM funds, though.

Vineet David, Kochi

4th September 2014

Comment

Everything else is not satisfactory either. The Kochi SEZ got allotted just Rs 6.8 crores, and the Cochin port got just Rs 27.84 crores.

Ganesh Nambiar, Kochi

4th September 2014

Comment

Actually, it is very depressing. There isn’t much in store in the latest union budget for Kerala, least of all Kochi. The budget for the Kochi metro has not budged an inch from the Rs 462.17 crores, which is the exact same amount as proposed by the interim government earlier this year.

Krishna gowda, Kochi

4th September 2014

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