Kochi smart city latest news and updates

According to latest news Kochi smart city will become True. The agreement of Kerala dream project signed and documents handed over each other. Latest news of Kochi smartcity project says that the construction will start within one month.

Kochi smart city latest news

Kerala's dream project Kochi smartcity project cmes into reality. The Kerala Government team leading by Chief Minister Achuthananthan resolved the obstacles which was delaying the smart city project in last 6 years, in the discussions with the Dubai Team includes Tecom CEO Abdul latif al Mulla , Dubai International Financial Centre (DIFC) Governor Ahmad Humaid Al Tayer , Dubai financial Advisor Dr. Adnan Shilvan and NORKA roots Vice Chairman M.A. Yusuffali in today's meeting which held at at Mascat Hotel Trivandrum. Keralala Government has agreed the free hold right demands of Tecom on 12 percent of 29.5 acres land in SEZ. But according to agreement Tecom would not have any rights of selling these land.

The smartcity project issues are resolved by the official discussion which was held on today morning. At first UAE representatives met Chief Minister at Cliff House and turned into Mascat Hotel. Chief Minister V.S. Achuthananthan informed to media project construction will start within three months and complete master plan of the project will be submitted by Tecom within one month. All documents of agreement handed over each other in the discussions and after cabinet meeting , which is going to held at 4. PM, certified the documents will make the final contract.

As per new agreement Tecom will have the free hold rights on 12 percent land of 2905 acres without reals estate rights. The land registration will take place within one month after the completion of Master plan. State will allow reduced stamp duty and registration charge for the land registration. With this a long pending project smart city becomes true. M.A. Yusuffali and Kerala Government deserve the Credit for this project.

The highlights of the Smart Kochi Project final Discussion

Kerala Government demanded to submit complete Master plan of the Kochi smartcity project

State Government gets ready to compromise in the registration of 12 percent free hold land in SEZ.

Kerala Government will reduce the stamp duty and registration duty of land registration

UAE representatives have withdrawn the demand of 12 percent free hold land out of Special Economic Zone (SEZ)
Tecom CEO Abdul latif al Mulla , Dubai International Financial Centre (DIFC) Governor Ahmad Humaid Al Tayer and Dubai economic Advisor Dr. Adnan Shilvan and NORKA roots Vice Chairman M.A. Yusuffali are participating in the discussions with State Governemnt of Kerala Officials.

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