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The Kochi Metro Rail Limited, which held a roundtable conference on its property development initiatives here on Tuesday, took the views of nearly 40 companies in the realty, hospitality and infrastructure sectors on boosting its financial viability.
Financial utilityKMRL, which has identified certain locales for property development along the 25-km Kochi Metro line, proposes to put up modern business structures for commercial utilisation. These include eight major stations and 17 acres of land at Kakkanad.
KMRL intends to optimally utilise these prime land parcels to generate cash flows to support the operations and capital expenditure of the ₹5400-crore metro project.
The companies that attended the roundtable included IL&FS, IFCI, Puravankara Group, Homestead India, Federal Bank, Lulu group and Emami Realty, a KMRL press note said.
“The investor meet has enabled KMRL to obtain a better understanding of possible client requirements, which will help us to design the proposed facilities at the station locations for maximising the commercial viability,” said the Elias George, managing director of KMRL.
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