GCDA returns to affordable housing with Twin Tower Apartment Complex
Real Estate

GCDA returns to affordable housing with Twin Tower Apartment Complex

After an absence of nearly thirty years, the Greater Cochin Development Authority (GCDA) is returning to affordable housing initiatives. The first step in this endeavour involves the construction of a twin tower apartment complex on a one-acre plot of GCDA land in Gandhinagar. To make way for the new complex, the existing old staff quarters on the site will be demolished.

During a meeting on July 3, the GCDA executive committee decided to proceed with the project and submit a report to the state government. Sources indicate that an architect has been selected to provide a feasible design for the development.

Since the flats will be sold to the public, GCDA requires prior permission from the government. Each customer who purchases a flat on the plot will be entitled to a piece of land as well. The government must make a policy decision on this matter, and a proposal will be promptly sent to them.

In the 1980s and 1990s, GCDA undertook various housing projects in and around the city, including row houses in Panampilly Nagar, Gandhinagar, Edathala, and Rameswaram. These properties were constructed and sold to the public, targeting different income groups such as low-income, middle-income, and high-income categories. However, the proposed apartment complex will primarily target the high and middle-income groups due to the high land value in the area.

"Providing affordable housing has always been a priority for GCDA. However, we have not undertaken such projects for the past three decades. The proposed apartment complex will offer modern facilities and be affordable for the public. Although the design is not yet finalised, our rough plan is to construct twin towers, each with 12 floors. There will be a total of 82 units, including both 2BHK and 3BHK configurations. Additionally, our staff will receive improved living quarters," stated a GCDA official.

The estimated cost of the project is approximately Rs 600 million. While GCDA will invest in the project, they aim to finance it by selling the flats. The complex will include a sizable commercial space, such as a shopping complex and a supermarket.

"Constructing affordable projects without compromising on quality is a challenging task, as the government has set high standards for such developments. Therefore, affordability will be prioritised throughout all stages, starting from the design phase. If there is high demand for the flats, we will employ a lotting system. The price of the units cannot be confirmed at this time, but they will be cheaper than the market rate, as GCDA has no intention of making profits," the official added.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

After an absence of nearly thirty years, the Greater Cochin Development Authority (GCDA) is returning to affordable housing initiatives. The first step in this endeavour involves the construction of a twin tower apartment complex on a one-acre plot of GCDA land in Gandhinagar. To make way for the new complex, the existing old staff quarters on the site will be demolished.During a meeting on July 3, the GCDA executive committee decided to proceed with the project and submit a report to the state government. Sources indicate that an architect has been selected to provide a feasible design for the development.Since the flats will be sold to the public, GCDA requires prior permission from the government. Each customer who purchases a flat on the plot will be entitled to a piece of land as well. The government must make a policy decision on this matter, and a proposal will be promptly sent to them.In the 1980s and 1990s, GCDA undertook various housing projects in and around the city, including row houses in Panampilly Nagar, Gandhinagar, Edathala, and Rameswaram. These properties were constructed and sold to the public, targeting different income groups such as low-income, middle-income, and high-income categories. However, the proposed apartment complex will primarily target the high and middle-income groups due to the high land value in the area.Providing affordable housing has always been a priority for GCDA. However, we have not undertaken such projects for the past three decades. The proposed apartment complex will offer modern facilities and be affordable for the public. Although the design is not yet finalised, our rough plan is to construct twin towers, each with 12 floors. There will be a total of 82 units, including both 2BHK and 3BHK configurations. Additionally, our staff will receive improved living quarters, stated a GCDA official.The estimated cost of the project is approximately Rs 600 million. While GCDA will invest in the project, they aim to finance it by selling the flats. The complex will include a sizable commercial space, such as a shopping complex and a supermarket.Constructing affordable projects without compromising on quality is a challenging task, as the government has set high standards for such developments. Therefore, affordability will be prioritised throughout all stages, starting from the design phase. If there is high demand for the flats, we will employ a lotting system. The price of the units cannot be confirmed at this time, but they will be cheaper than the market rate, as GCDA has no intention of making profits, the official added. 

Next Story
Resources

KPIL Bags New Orders of Rs 10.11 Billion

Kalpataru Projects International Limited (KPIL), along with its international subsidiaries have secured new orders/notification of awards of Rs 10.11 billion (bn). The company has received news order in the Transmission & Distribution (T&D) business in overseas market, in the Railway business in India and in the Buildings & Factories (B&F) business in India Manish Mohnot, MD & CEO, KPIL, said, “We are pleased with the strong momentum in order inflows, which has significantly strengthened our order book, with YTD inflows now exceeding Rs 173 bn. Notably, 85 per cent of t..

Next Story
Building Material

Antica Ceramica’s Tile Collection Blends Luxury and Practicality

Antica Ceramica, a leader in innovative tile design, has recently launched a new marble-look tile collection that combines the elegance of natural marble with the durability and ease of maintenance of porcelain tiles. This collection is set to transform spaces in residential, commercial, and hospitality settings, offering architects, interior designers, and homeowners the ideal solution for creating sophisticated, timeless interiors with minimal upkeep.One of the key advantages of marble-look tiles is their resistance to common issues associated with natural marble. These tiles are highly resi..

Next Story
Infrastructure Transport

IndiGo and AAI Launch Zero-Waste Airport Project at Indore

IndiGo, through its CSR arm IndiGoReach, has partnered with the Airports Authority of India (AAI) and the AAS Foundation, Indore, to roll out the Zero-Waste Airport Project at Indore Airport. The initiative focuses on the 4R strategy—Reduce, Reuse, Recycle, and Recover—to minimise environmental impact and set a benchmark in sustainable waste management for the aviation industry. The project processes 750 kg of daily airport waste on-site, reducing reliance on traditional disposal methods. A Material Recovery Facility (MRF) segregates dry waste into 10 categories for recycling, while a Wet..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000