Marine Eco City Foundation Ceremony

Aiming to redefine Kochi's urban landscape and give a fillip to Kerala's economy, a major waterfront urban development project, the Marine Eco City, is set to be developed at Marine Drive by the Kerala State Housing Board (KSHB). Chief Minister Pinarayi Vijayan laid the foundation for the mega infrastructure project via online mode at an event held at the KTDC Convention Centre in Bolgatty on March 12.

The National Buildings Construction Corporation (NBCC) will act as the project management consultant on an Engineering, Procurement and Construction (EPC) basis for the ambitious project that will come up on 17.9 acres of prime waterfront land owned by the KSHB. This partnership represents a significant step forward in transforming one of Kochi's most iconic stretches.

The development will roll out in three distinct phases. Phase I includes 152 premium apartments at Rs 480 crore. The second phase will include a five-star category hotel with 105 rooms and a convention centre aimed at supporting tourism and business events in Kochi. Phase Three will consist of six residential towers with 952 apartments, including 538 three-bedroom units and 414 four-bedroom units, designed as LGF plus Ground plus 28-storey buildings. The combined built-up area proposed for these phases is about 44.2 lakh sq. ft., including parking facilities.

The project will come up near the BPCL housing complex at Marine Drive. The development aims to monetise the land parcel while creating a modern residential, commercial and hospitality hub in the city. Marine Drive, already one of Kochi's most sought-after addresses, is poised to see accelerated growth with this anchor project.

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, with areas like Kakkanad, Edappally, and Marine Drive experiencing increased demand due to ongoing developments and business activities. The Marine Eco City's integrated design—blending residential, hospitality, and commercial spaces—reflects the broader shift toward mixed-use urban hubs in India's Tier-2 metros.

For homebuyers, the phased rollout offers flexibility and extended payment timelines, while the Marine Eco City Project is expected to emerge as a major urban landmark along Kochi's Marine Drive, strengthening the city's residential, commercial and tourism infrastructure while promoting sustainable and planned urban development.