NBCC set to execute landmark Marine Eco City Project in Kochi for Kerala State Housing Project

Key Highlights

• Kerala Chief Minister lays foundation stone for the Marine Eco City Project at Marine Drive, Kochi.
  
• NBCC (India) Limited associated with the project as Project Management Consultant (PMC) on EPC basis.
  
• Conceived as a self-sustainable urban development model, the Project is to be developed in three phases for Kerala State Housing Board (KSHB) on 17.9 acres of prime waterfront land.
  
• Phase-I to be developed 3.16 acres including mixed-use residential-cum-commercial tower with 152 premium apartments and retail/office spaces.
  

·   Estimated cost of Phase-I to be around Rs 480 Crore

The Hon’ble Chief Minister of Kerala, Shri. Pinarayi Vijayan, today laid the foundation stone (through online mode) for the Marine Eco City Project at Marine Drive, Kochi. The event held at the KTDC Convention centre, Bolgatty, Kochi was also graced by Hon’ble Revenue and Housing Minister, Shri K. Rajan, Shri PP Suneer, Hon’ble MP Rajyasabha, Shri T J Vinod, Hon’ble MLA, Smt. Geetha A, IAS, Housing Commissioner and Secretary KSHB, Smt. G Priyanka, IAS, District Collector, Kochi, Dr Suman Kumar, Director (Commercial), NBCC, Shri Subhash Punjakottil, Board Member, KSHB, Shri V Unnikrishnan, Technical Member, KSHB, along with senior officers from KSHB and NBCC.

A memorandum of understanding for the project was signed between the KSHB and NBCC in 2023. The project will come up near the BPCL housing complex at Marine Drive. The landmark development is being undertaken by the Kerala State Housing Board (KSHB), with NBCC (India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs, Government of India, associated with the project as Project Management Consultant (PMC) for implementation on an EPC basis.

Spread across 17.9 acres of prime waterfront land, the Marine Eco City Project has been conceived as a self-sustainable urban development model aimed at monetizing the land parcel while creating a modern residential, commercial and hospitality hub in Kochi.

Phase I Development

Phase I of the project will be developed on 3.16 acres and will comprise a mixed-use residential-cum-commercial tower with Lower Ground Floor + Upper Ground Floor + 26 floors, along with an adjacent parking block. The phase will have a total built-up area of about 85,733 sq. m. (around 9.22 lakh sq. ft.), including parking facilities.

The building will feature parking and services in the lower ground and upper ground floors, Retail commercial spaces on the 1^st to 3^rd  floors, Office spaces on the 4^th and 5^th floors, Clubhouse and recreational facilities on the 6^th floor and Residential apartments from the 7th to 26th floors. The residential component will comprise 152 apartments, including 80 three-bedroom (3BHK) units and 72 four-bedroom (4BHK) units, with eight apartments on each floor.

This phase has already received key statutory approvals including CRZ clearance, Environmental Clearance, Pollution Control Board consent, Airport Authority NOC, Fire pre-NOC, wildlife clearance and GRIHA pre-certification. The estimated cost of Phase I is around ₹480 crore.

Future Phases

The Phase II and Phase III development will be undertaken on 14.74 acres and will significantly expand the project scope. Phase II will include a 5-star category hotel with 105 rooms along with a convention centre, designed to support tourism and business events in Kochi. Phase III will feature six residential towers with 952 apartments, comprising 538 three-bedroom units and 414 four-bedroom units, across LGF + Ground + 28 floors. The combined built-up area for these phases is proposed to be about 44.2 lakh sq. ft., including parking facilities.

Expressing his happiness on this development, Dr. K.P. Mahadevaswamy, CMD, NBCC (India) Limited, said “NBCC is honoured to be associated with the Marine Eco City Project in Kochi as Project Management Consultant. This landmark waterfront development reflects a forward-looking approach towards integrated and sustainable urban infrastructure. NBCC remains committed to bringing its expertise in project management and execution to ensure the successful and timely delivery of this iconic project for the people of Kerala.”

The Marine Eco City Project is expected to emerge as a major urban landmark along Kochi’s Marine Drive, strengthening the city’s residential, commercial and tourism infrastructure while promoting sustainable and planned urban development.