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Housing project for P&T Colony gathers pace, Real Estate News, ET RealEstate

Housing project for P&T Colony gathers pace, Real Estate News, ET RealEstate
KOCHI: The LIFE Mission housing project at the land of Greater Cochin Development Authority (GCDA) at Mundamveli in Rameswaram village with the aim of rehabilitating the P&T Colony residents gathers momentum after several challenges.

The piling works of the project are in the final stage and the construction of the building is expected to begin soon. As the project will not to be completed within the deadline of 324 days that will end on August 14, GCDA has extended the deadline of the project to November 18.

“Around 25% of the works on the building’s foundation has been completed. Out of the 430 piles, 418 have been completed. The piles are erected at a depth of 10.6m based on the design and the soil test report. The Covid situation and rains have affected the work severely. But we hope to compensate for the lost time as the prefabricated construction method, which is less time-consuming, will be used. Thrissur District Labour Contract Cooperative Society (TDLC) is the contractor and we hope to complete the project before the revised deadline,” said a GCDA official.

The plan is to construct 86 apartments and there will be 82 beneficiaries of the project. Four units will be used for setting up crèche, reading room, etc. There will be two blocks of building and each has four floors.

The total cost of the project is Rs 14.6 crore. While Life Mission allots Rs 10.5 lakh per unit, additional Rs.1.5 lakh funding is received under Pradhan Mantri Awaz Yojana (Urban) scheme of the central government. Also, GCDA is trying to get CSR funds from various companies.

Even though the administration sanction (AS) for the project was received in 2019, nearly a year after the foundation stone was laid by chief minister Pinarayi Vijayan in July 2018, the technical sanction (TS) for the project was received much later. Also, there was fund crunch initially. The rehab project is the final hope for the residents of P&T Colony who face severe challenges due to unhygienic living conditions and frequent waterlogging.


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Written by Realty Beat

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