The round table conference on Property Development Initiatives of the Kochi Metro Rail Ltd (KMRL) saw participation from 40 companies .
The conclave, inaugurated by KMRL Managing Director Elias George, was held to ascertain the views of developers and investors.
Another 30-35 companies had also evinced interest, but could not make it to the meet, KMRL sources said.
Puravankara, Emami Reality and Infrastructure Leasing and Financial Services Ltd were among the companies which participated.
Kochi Metro has identified eight major station locations for property development, including Aluva, Kalamassery, Kaloor, Ernakulam South and the state government has given 17 acres of land at nearby Kakkanad which can be developed for this purpose.
The intention is to optimally utilise these prime land parcels to generate cash flows to support the metro operations and capital expenditure. There is approximately 6,500 Square Meter of space available for this purpose at this moment.
The aim of the meet was to understand the market and its trends so that we can enhance our revenue generation through station locations and proposed Metro Township at Kakkanad.
