Latest news with #GreaterCochinDevelopmentAuthority
Time of India
13-05-2025
- Business
- Time of India
CSR funds to power GCDA's new Ambedkar Sports City in Kochi
Kochi: For the first time in the state, a major sports project will be implemented completely using corporate social responsibility (CSR) funds. Greater Cochin Development Authority ( GCDA ) began procedures to garner funds for its proposed Ambedkar Sport City in the city through CSR initiatives of various project cost is estimated at Rs 90 crore, and GCDA is planning to collect the entire amount from ten corporates. GCDA has approached the firms and two of them have agreed to contribute, sources project will be implemented after demolishing the existing Ambedkar Stadium located in the city centre. The stadium is in a dilapidated condition. Around two years ago, GCDA's executive committee had granted approval for demolishing the stadium to set up a sports city. The design of the new stadium has been almost finalised, and construction work is scheduled to begin has completed demolishing the galleries of the existing stadium in the city, and debris removal will be completed soon. The demolition work cost Rs 2 crore, allotted by state govt's budget 2024."We are planning to gather CSR funds from 10 major companies, which can contribute Rs 9 crore each. We have submitted proposals to the selected companies. Two of them informally confirmed their support and we are awaiting replies from others," said a senior GCDA official. This is the first time in the state that a major sports project is being implemented completely using CSR funds, he beginning the construction of the sports city project, GCDA has to shift 72 shops that have been functioning in the old stadium building. The project to rehabilitate the vendors will be completed soon, said a GCDA is planning to categorise the entire project into modules, with each module being completed by CSR funds from each firm. A new football stadium will be constructed along with other sports facilities. Besides sports infrastructure, adequate lighting and toilet facilities will be ensured as part of the new project, said a GCDA official. There will be an exclusive parking area for the new Stadium was built on six-and-a-half acres near KSRTC bus station. Presently, the entire area of the stadium, except the football ground, is overgrown with weeds and bushes. There are frequent complaints of waste dumping near the stadium. Also, there were several complaints of anti-social activities in the area. Two years ago, a hotel worker was stabbed to death at the stadium after a drunken PlanConstruction Cost: Rs 90 croreHighlights:- Football stadium with 15,000-20,000 seating capacity- Cricket pitch- Volleyball court- Basketball court- Swimming pool- Running track
New Indian Express
10-05-2025
- Business
- New Indian Express
GCDA to provide Rs 1 crore each to nine municipalities to develop open spaces
KOCHI: Recognising the importance of public open spaces in the development of the city, the Greater Cochin Development Authority (GCDA) has decided to provide financial assistance of H1 crore each to nine municipalities in Ernakulam district to develop and maintain them. In the first phase of the project, funds will be allocated to Aluva, Angamaly, Thrikkakara, Kalamassery, Tripunithura, Maradu, Eloor, North Paravoor and Perumbavoor municipalities. Through the project, GCDA aims to develop public spaces and parks with facilities for the public, including children, to spend time and hold public gatherings. 'The intention is to set up open spaces like Ernakulam Subhash Park and Edappally Changampuzha Park, in each municipality that has facilities and where public events can be held. Open spaces and public gathering places are essential elements of the urban environment, improving the quality of life, promoting social interaction, and contributing to sustainable economic and environmental development,' said K Chandran Pillai, the GCDA chairman. The chairpersons of the municipalities appreciated the move to allocate funds to the civic bodies. The meeting assessed that the decision to provide budget allocation to municipalities is a first in history.
Time of India
08-05-2025
- Business
- Time of India
GCDA to develop open spaces in nine municipalities in Ernakulam
Kochi: Greater Cochin Development Authority (GCDA) will develop open spaces in nine municipalities in Greater Cochin area. Project will be implemented in Aluva, Angamaly, Thrikkakara, Kalamassery, Tripunithura, Maradu, Eloor, North Paravur and Perumbavoor municipalities. An amount of Rs 1 crore will be provided to each municipality for the project. Open spaces will be developed in the model of Subhash Park and Changampuzha Park .A meeting to discuss preliminary steps of the project was held at Cusat Seminar Hall on Thursday. Representatives of municipalities, including chairpersons and secretaries, attended the meeting. GCDA has allocated funds for the project in 2025-26 finance to GCDA authorities, the project aims to set up public spaces and parks with modern facilities for public gatherings, leisure and community events. Operation Sindoor Operation Sindoor: Several airports in India closed - check full list Did Pak shoot down Indian jets? What MEA said India foils Pakistan's attack on Jammu airport: What we know so far GCDA chairman K Chandran Pillai stated that open areas and public meeting spaces are essential components of urban environments, improving quality of life, encouraging social interactions and contributing to sustainable economic and environmental development. "As Kochi city expands and neighbouring municipalities develop, demand for well-designed public spaces with good amenities becomes more critical," he the meeting, representatives of municipalities requested the authority to create new public spaces quickly and enhance existing ones using the allocated funds. Municipal chairpersons unanimously welcomed GCDA's decision to allocate funds, noting that this is the first time in history such a budget allocation has been made. They emphasized the need for continued support from GCDA for municipalities, for various ongoing projects and for implementing new initiatives with financial senior town planner Sheeba MM and town planning officer Subhash presented project details at the meeting.
Time of India
30-04-2025
- Business
- Time of India
GCDA to acquire land for Tripunithura bus terminal using land pooling model
Kochi: Greater Cochin Development Authority (GCDA) is planning to acquire 10 acres for the proposed bus terminal project near Tripunithura Metro station. The project will be piloted using a land pooling model . Earlier, GCDA planned to implement Phase III development of Infopark as a pilot project in the land pooling model. However, technical hurdles delayed the process. The authority now plans to experiment with land pooling through the bus terminal project. Previously, Tripunithura municipality approached state govt seeking permission to appoint GCDA for the preparation of detailed project report (DPR). However, the decision was delayed for a year. Now, state govt sought the opinion of GCDA, and GCDA sent a letter to govt expressing interest in taking up the project. "In the preliminary examination, around 10 acres of land is available in the area. We will acquire it using land pooling model," said a GCDA source. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like AI guru Andrew Ng recommends: Read These 5 Books And Turn Your Life Around in 2025 Blinkist: Andrew Ng's Reading List Undo The bus terminal project is one of the major segments of comprehensive transport integration plan recommended by the draft comprehensive mobility plan (CMP) of Kochi. As GCDA is planning to implement the project through land pooling, it is expected that hurdles for land acquisition will be removed. In land pooling, landowners can hand over their land parcels collectively for public projects or infrastructure development. After rearrangement of plots and development of infrastructure, remaining land will be handed over to original owners. Although the owner will get back only 60% of the original land, value of the land will be three to four times more than the original value.
New Indian Express
28-04-2025
- Business
- New Indian Express
Work on GCDA's new Kakkanad shopping complex to begin soon
KOCHI: Construction of the Greater Cochin Development Authority's new shopping complex in Kakkanad is set to begin soon. The facility, dubbed 'Commercial Hub 2.0,' will come up on 14 acres of land owned by GCDA in the heart of Kakkanad and replace the existing 50-year-old building. Officials said the new 18,000 sqft building will be spread over five floors, including the basement, which will house a parking lot. It will also boast retail and office spaces, a meeting hall on the top floor, toilets, lifts, and other facilities. At least 13 shop owners from the existing premises will be rehabilitated to a nearby facility until the new building is constructed. Demolition of the old structure and construction of the new one is expected to be completed within one-and-a-half years. The authority has set apart `6.5 crore of its own funds for the project. 'We are currently carrying out final estimations. The tender for the project, covering demolition of the existing structure and construction of the new one, will be issued shortly,' a GCDA official said. The project was unveiled at a review meeting, attended by Collector N S K Umesh, GCDA chairperson K Chandran Pillai, district panchayat president Manoj Muthedan, members of the Vyapari Vyavasayi Ekopanai Samithi, tenants of the existing building, and GCDA planning and engineering department officials, held at the district panchayat meeting hall on Wednesday. Other projects currently being undertaken by the authority include new commercial complexes at Dhobi Khana in Fort Kochi on 2.75 acres of GCDA land, at a budget of Rs 5.6 crore, a public-private partnership (PPP) model multi-storied complex on 129 cents in Olimugal, Kakkanad, a commercial-residential complex in Kadavanthra, a new multi-storied commercial complex on GCDA land at High Court Junction replacing the existing shopping and bank complexes near Marine Drive, a 2,000 sqft, two-storied shopping complex near Mundamveli LIFE Mission project, and a 3,200 sqft, two-storied commercial complex in Edathala.
