Q: What are the plans regarding the kochi metro extension? And whats the status of the Phase 1. I want to invest in Kakkanad only. But wondering if thats going to be a good idea?
I think this is a great place to invest. Kakkanad is already such a real estate gold mine. With the metro line being extended till here in the first phase only, big advantage. Prices are going to start soaring soon.
Ive heard that they are also going to be extending the benefits of LARRA to all the Project Affected Persons, including those evicted before this year.
I heard that they wanted to go for this extension in the first phase itself because according to KMRL, early completion of this extension would help improve the viability of phase-I.
The plan is to extend the metro rail from the Jawaharlal Nehru stadium in Kaloor to Infopark via Kakkanad for a distance of 11.17 km. For this, they have estimated a cost budget of Rs 1,600 crore.
Yes a decision in this regard was taken during the 18th meeting of board of directors of the Kochi Metro Rail Limited (KMRL), held in New Delhi just a couple of weeks ago.