Real Estate Forum on Kochi Metro Rail Limited

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Latest Answer: You know what it is really not an easy decision for the corporation. The corporation faces a tough situation. While one section of public complain against traffic congestion another protests against losing their livelihood. Even though we removed the hawkers they would return soon.

Latest Answer: They actually discussed about expediting the work of metro stations and depot at Muttom. It was also decided to organise project steering committee meetings more frequently to monitor the works closely and also to keep the communication line open.

Latest Answer: THat's not just it. I think I know why they delayed giving the land. They were actually trying to get as much money as they could out of this. When they realised that did not quite go their way. They knew it was over and so submitted the land.

Latest Answer: With regards to the bar owner, the revenue officials have not got any instructions from the KMRL, the agency which is to give the requisition letter for acquiring land and action will be taken once they receive the letter.

Latest Answer: The sad part here is the quarry workers are using the Kochi Metro slacking progress to negotiate with the government. Also the DC said that the contractors are being silly for blaming the 2 week strike for not doing their work for the past 20 months.

Latest Answer: This issue basically means that the KMRL has lost the trust of the people and they are unlikely to change their views after all the negatives that have been made clear to them. The whole problem came because they were not upfront about the impact of building the metro. Now Lets see how they will get out of this.

Latest Answer: A French overseas development agency, Agence Française de Développement (AfD), has promised approximately Rs 1,500 crore as a soft loan. Rest of the funds is expected to be raised from the Centre and the State under different heads.

Latest Answer: Yeah..Due to some problems

Latest Answer: Precisely. The union government will run it through the Urban Development and Finance Ministries. Once tjay is completed I think a submission will be made to the German bank who will then again go through the details and approve the project. So basically this is a very lengthy process. Hoping to see this getting cleared soon.