Live news feed — last updated 21 May 2026
Kochi Metro Phase 2 is planned as an extension to Kakkanad and the Airport, with an estimated cost of ₹2,500 crore. The extension is expected to significantly improve connectivity to Kakkanad and the airport.
Kochi's real estate market is expected to see strong growth in mid-segment luxury apartments, priced between ₹90 lakhs and ₹2 crores, in 2026. Areas like Kakkanad, Edappally, and Marine Drive are experiencing increased demand due to ongoing developments and business activities. This trend indicates a shift towards value-driven luxury.
Prestige Properties is set to launch several luxury residential projects in Kochi, including Prestige Eden Garden in Kalamassery, Prestige City scape in Kundanoor & Prestige Hillside Gateway in Kakkanad.These projects will offer modern amenities, spacious apartments, and are strategically located in good Neighbourhoods.
The Punjathodu canal in Kochi is facing severe pollution due to the accumulation of plastic waste. Despite previous clean-up efforts and High Court directives, residents allege that waste is being released back into the canal without proper disposal, leading to blockages and potential health hazards.
Kochi Metro Rail Limited (KRML) has initiated the first phase of the Bliss City project in Kakkanad by leasing out land parcels to private investors. This mixed-use development aims to create commercial, retail, and entertainment spaces. The project's progress is expected to boost the economic activity in Kakkanad, a key administrative and IT hub.
The broader real estate market in Kochi is poised for steady price appreciation, fueled by IT sector growth, Non-Resident Indian (NRI) demand, and infrastructure development, including Kochi Metro Phase II. Prestige Group is launching new luxury housing townships in Kakkanad and Kaloor, including apartments and villas, with some projects slated for possession in late 2026.
A new eight-storey super-specialty block with 842 beds and 16 operation theatres has been inaugurated at the Government Medical College Hospital, Kalamassery, Kochi. This upgrade to healthcare infrastructure, costing Rs 286.66 crore, aims to address the insufficiency of critical treatments and expand services, benefiting patients from Kochi and surrounding regions.
Infopark Kochi has proposed relocating the SilverLine semi-high-speed rail project's station from Phase 2 to Phase 3 to free up approximately 29 acres of land in Phase 2. This land is crucial for Infopark's expansion, accommodating over 100 companies awaiting land allocation. The proposed Phase 3 offers better integration with Kochi Metro, Water Metro, and an expressway, potentially improving transit.
Villas in Kochi are experiencing increased demand in 2025, driven by a post-pandemic preference for privacy and space. Areas like Kakkanad, Aluva, and Vyttila are seeing development of gated villa communities with modern amenities.
The Union Budget 2025 has allocated funds for Kochi's infrastructure development, including metro expansion to Kakkanad and InfoPark, and increased funding for port connectivity. A green urban development plan and solar-based public mobility trials are also part of the budget's focus on Kochi.
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