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The Kochi Metro is a rapid transit system for the city of Kochi, India which is being set up
at an estimated cost of 5,146 crore (US$1.13 billion), and is expected to be completed in 2016.
The land requirement for the implementation of the project comes to an extent of 31.9216 hectares comprising of 9.3787 hectares of government land and 22.5413 hectares of private land.
About 53% of the cost of the project will be finance obtained from Japan Bank for International Cooperation (JBIC).
A meeting of the District level Purchase Committee (DLPC) during Ist week of Febuary 2012, has recommended paying Rs. 31.35 lakh per cent of land to owners surrendering the land for the widening of the Banerjee Road and Jos Junction-South Railway Station Road ahead of the proposed Kochi metro rail.
Landowners had asked a week's time to respond to the land value promised by the DLPC held at the camp office of the District Collector . Land acquisition officials will convince owners in cases where land and buildings need to be acquired with compensation paid promptly to all those willing to surrender their land.
Land is being acquired for widening the Banerjee Road by 22 meters and the Jos Junction-South Railway Station Road by 18 meters. For this, 56.25 cents were being acquired on Banerjee Road and 37.5 cents in South. Officials will point out the land to be acquired in Banerjee Road on Wednesday, while in South it will be on February 14. Thereafter, the DLPC will meet again to finalise the matter.
In the meantime the Public Works Department (Buildings) had completed the assessment of the compensation to be paid for the portions of buildings to be demolished along these areas in connection with road widening. As per the assessment, compensation varying between Rs. 10,000 and Rs. 2.89 crore, with an average of Rs. 1,000 for one sq.ft, had been fixed depending on the extent of demolitions. Age of the building had not been considered in determining the compensation. Building owners had been more or less satisfied about the rate of compensation.
Besides, a recommendation will be made to the State government to grant landowners surrendering land, relaxation in floor area ratio for buildings being constructed in the rest of their land. Efforts were also being made to give registration and stamp duty exemptions.
The Kochi Metro connecting Aluva-Petta will be completed in three stages and separate tenders will be awarded through bids. Each stage will be approximately 8 km. The advantage of this approach is that different contractors can take part in the work. It has decided to set up parking space at all metro stations.
The Ernakulam north overbridge is being pulled down as part of five Metro Rail-associated projects.
Other projects include construction of a new rail overbridge connecting Mullassery Canal Road and Salim Rajan Road and the widening of the road from Jos Junction to Ernakulam Junction Railway Station, renovation of MG Road and widening of Banerjee Road. Construction of the actual metro is expected to start in April 2012
Taillamp : Once government fixes base rate all the property transaction
will fetch price of about 50% more than the value fixed by government
http://www.kochimetro.org/index.php?option=com_content&view=article&id=63&Itemid=66
at an estimated cost of 5,146 crore (US$1.13 billion), and is expected to be completed in 2016.
The land requirement for the implementation of the project comes to an extent of 31.9216 hectares comprising of 9.3787 hectares of government land and 22.5413 hectares of private land.
About 53% of the cost of the project will be finance obtained from Japan Bank for International Cooperation (JBIC).
A meeting of the District level Purchase Committee (DLPC) during Ist week of Febuary 2012, has recommended paying Rs. 31.35 lakh per cent of land to owners surrendering the land for the widening of the Banerjee Road and Jos Junction-South Railway Station Road ahead of the proposed Kochi metro rail.
Landowners had asked a week's time to respond to the land value promised by the DLPC held at the camp office of the District Collector . Land acquisition officials will convince owners in cases where land and buildings need to be acquired with compensation paid promptly to all those willing to surrender their land.
Land is being acquired for widening the Banerjee Road by 22 meters and the Jos Junction-South Railway Station Road by 18 meters. For this, 56.25 cents were being acquired on Banerjee Road and 37.5 cents in South. Officials will point out the land to be acquired in Banerjee Road on Wednesday, while in South it will be on February 14. Thereafter, the DLPC will meet again to finalise the matter.
In the meantime the Public Works Department (Buildings) had completed the assessment of the compensation to be paid for the portions of buildings to be demolished along these areas in connection with road widening. As per the assessment, compensation varying between Rs. 10,000 and Rs. 2.89 crore, with an average of Rs. 1,000 for one sq.ft, had been fixed depending on the extent of demolitions. Age of the building had not been considered in determining the compensation. Building owners had been more or less satisfied about the rate of compensation.
Besides, a recommendation will be made to the State government to grant landowners surrendering land, relaxation in floor area ratio for buildings being constructed in the rest of their land. Efforts were also being made to give registration and stamp duty exemptions.
The Kochi Metro connecting Aluva-Petta will be completed in three stages and separate tenders will be awarded through bids. Each stage will be approximately 8 km. The advantage of this approach is that different contractors can take part in the work. It has decided to set up parking space at all metro stations.
The Ernakulam north overbridge is being pulled down as part of five Metro Rail-associated projects.
Other projects include construction of a new rail overbridge connecting Mullassery Canal Road and Salim Rajan Road and the widening of the road from Jos Junction to Ernakulam Junction Railway Station, renovation of MG Road and widening of Banerjee Road. Construction of the actual metro is expected to start in April 2012
Taillamp : Once government fixes base rate all the property transaction
will fetch price of about 50% more than the value fixed by government
http://www.kochimetro.org/index.php?option=com_content&view=article&id=63&Itemid=66
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