Kochi: The Chief Minister of Kerala, Pinarayi Vijayan, on Thursday laid the foundation stone through online mode for the ambitious Marine Eco City Project at Marine Drive in Kochi. The ceremony was held at the KTDC Convention Centre, Bolgatty and was attended by several dignitaries, including Revenue and Housing Minister K. Rajan, Rajya Sabha MP P. P. Suneer, MLA T. J. Vinod and senior officials from the Kerala State Housing Board and NBCC (India) Limited.
A memorandum of understanding (MoU) for the project was signed between the Kerala State Housing Board (KSHB) and NBCC in 2023. The development will come up near the BPCL housing complex at Marine Drive and is being implemented with NBCC serving as Project Management Consultant on an EPC basis.
Spread across 17.9 acres of prime waterfront land, the Marine Eco City has been envisioned as a self-sustainable urban development aimed at monetising the land parcel while creating a modern residential, commercial and hospitality hub in Kochi.
Phase I Development:
The first phase will be developed on 3.16 acres and will feature a mixed-use residential-cum-commercial tower with lower ground floor, upper ground floor and 26 floors, along with a separate parking block. The phase will have a total built-up area of about 85,733 sq. metres (approximately 9.22 lakh sq. ft.), including parking facilities.
The structure will include parking and services on the lower floors, retail spaces on the first to third floors, office spaces on the fourth and fifth floors, clubhouse and recreational facilities on the sixth floor and residential apartments from the seventh to the twenty-sixth floors. The residential segment will consist of 152 apartments 80 three-bedroom and 72 four-bedroom units.
The phase has already secured key statutory approvals, including CRZ clearance, environmental clearance, consent from the Pollution Control Board, Airport Authority NOC, fire pre-NOC, wildlife clearance and GRIHA pre-certification. The estimated cost of Phase I is around ₹480 crore.
Future Phases:
Phase II and Phase III will be developed on 14.74 acres. Phase II will include a five-star hotel with 105 rooms and a convention centre to support tourism and business events in Kochi. Phase III will feature six residential towers with 952 apartments across LGF + ground + 28 floors.
NBCC Chairman and Managing Director K. P. Mahadevaswamy said the company is honoured to be associated with the landmark waterfront development and remains committed to delivering the project in a timely manner.
Once completed, the Marine Eco City Project is expected to emerge as a prominent urban landmark along Kochi’s Marine Drive, strengthening the city’s residential, commercial and tourism infrastructure while promoting sustainable urban development.
