Kochi South, Kochi

The Pradhan Mantri Awas Yojana-Urban (PMAY-U) and PMAY-U 2.0 have collectively sanctioned over 1.25 crore houses, with more than 1 crore completed and delivered to beneficiaries nationwide. The scheme has a significant share of women beneficiaries, with 1 crore houses allotted to women as sole or joint owners.

NBCC (India) Limited has been appointed as the Project Management Consultant for the Kerala State Housing Board's Marine Eco City Project at Marine Drive, Kochi. The project, with an estimated cost of ₹480 crore for the first phase, includes residential towers, a hotel, and a convention center.

The Ministry of Housing and Urban Affairs has advised State RERAs to grant a four-month extension to eligible real estate projects facing delays due to global supply chain disruptions, citing the West Asia situation as a Force Majeure event. The extension applies to projects with completion dates on or after February 28, 2026..

The Eloor municipality has formally requested the Public Works Department (PWD) to undertake immediate repairs on the damaged walkway of the Muttar Bridge. Deteriorating concrete slabs and caved-in sections pose a significant safety risk to pedestrians, especially during nighttime.

Kerala is targeting investments of around Rs 10,000 crore in the first phase of its Mission Samudra initiative. This includes port-related developments, shipbuilding, logistics, and tourism initiatives. As part of Mission Samudra, plans are underway to establish an Oceanarium in Kochi and an International Maritime Museum.

The Kochi Corporation's surplus budget for 2026-27 prioritizes infrastructure development, social welfare, and environmental protection. It projects a surplus of ₹132.96 crore, with a total revenue of ₹1,388.13 crore and expenditure of ₹1,255.16 crore.

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.