NEW DELHI: NBCC (India) will execute the first phase of the Marine Eco City project at Marine Drive in Kochi as project management consultant (PMC) for the Kerala State Housing Board (KSHB), with the initial phase estimated to cost about ₹480 crore.
The Marine Eco City project will be developed on 17.9 acres of waterfront land near the BPCL housing complex at Marine Drive and is planned as a mixed-use development combining residential, commercial and hospitality components.
NBCC will implement the project on an engineering, procurement and construction (EPC) basis.
Phase I will be developed on 3.16 acres and will include a residential-cum-commercial tower with 152 apartments along with retail and office spaces. The development will have a built-up area of about 85,733 sq metres (around 9.22 lakh sq ft) including parking facilities.
The project will be developed in three phases. Phase II and Phase III will be built on the remaining 14.74 acres. Phase II will include a five-star hotel with 105 rooms and a convention centre.
Phase III will comprise six residential towers with a total of 952 apartments, including 538 three-bedroom units and 414 four-bedroom units, spread across buildings with lower ground floor, ground floor and 28 upper floors. The combined built-up area for the second and third phases is planned at about 44.2 lakh sq ft, including parking facilities.
NBCC and the Kerala State Housing Board had signed a memorandum of understanding for the project in 2023. The development is intended to utilise the land parcel through a mixed-use urban project while adding residential and hospitality capacity in Kochi.
