SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Thiruvananthapuram

Thiruvananthapuram: Neopolis IT township in gets central government approval

02 Jan 2025

The Neopolis IT Township in Thiruvananthapuram has secured initial central government approval, advancing its development within the Outer Area Growth Corridor (OAGC). Spanning 390 acres in Technopark Phase IV, Pallipuram, the INR 1,000 crore project integrates IT, aerospace, and advanced tech sectors, creating a self-sustaining urban center. Challenges remain, particularly in land acquisition for the Outer Ring Road project, crucial for connecting the industrial corridor to the Vizhinjam International Seaport. A high-level meeting in January will focus on these issues under the Capital Region Development Programme-II. Successful implementation promises economic growth, infrastructure enhancement, and job creation for Kerala.Read more

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Thiruvananthapuram Metro project advances with plans for 42-km LRT system

Vidhi Sangoi

30 Dec 2024

The Thiruvananthapuram Metro, a 42.1-kilometre light rail system with 37 stations, is set to revolutionize public transport in Kerala's capital city. With two primary lines connecting key hubs like Technocity, Kazhakoottam, and Karamana, the metro aims to tackle traffic congestion, reduce pollution, and offer a modern commuting experience. Approved at a cost of INR 4,219 crore, construction begins in 2025 with completion expected by 2030. Managed by KRTL, the metro features modern amenities and seamless integration with existing transport networks. This transformative project promises to enhance connectivity, drive economic growth, and position Thiruvananthapuram as a model for sustainable urban development.Read more

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Neopolis IT Township: An INR 1,000 crore high-tech hub for Thiruvananthapuram

PNT Reporter

29 Nov 2024

The Neopolis IT township project in Thiruvananthapuram, a major initiative under the Union Ministry of Housing and Urban Affairs, is set to be officially launched, with Prime Minister Narendra Modi scheduled to unveil the INR 1,000 crore project. This development is part of the Outer Area Growth Corridor (OAGC) and will focus on aerospace, electronics, software, and IT sectors. It will include residential complexes, shopping malls, recreational areas, and five-star hotels, creating a self-sustaining urban ecosystem. The project will be executed through a Special Purpose Company (SPC), involving multiple stakeholders, and is expected to drive technological innovation and economic growth in the region.Read more

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Thiruvananthapuram Metro Project: New alignment awaits state government approval

15 Nov 2024

The Thiruvananthapuram metro rail project's revised alignment is under active review by the state government, with a final decision expected soon. Kochi Metro Rail Ltd (KMRL) conducted a preliminary study on the updated alignment, running from Kazhakkoottam to East Fort via Sreekaryam and the Medical College, which aims to improve practicality and reduce disruption. Once approved by the finance department and cabinet, KMRL will revise the Detailed Project Report (DPR) for state and central approvals. The project prioritizes heritage conservation by avoiding elevated lines in central areas. Concurrently, Sreekaryam flyover construction is set to start soon, contributing to the city's infrastructure development.Read more

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Rajaji Nagar Colony's INR 9 crore redevelopment commences in Thiruvananthapuram

13 Nov 2024

The redevelopment of the Rajaji Nagar (Chenkalchoola) colony in Thiruvananthapuram has officially begun, led by Smart City Thiruvananthapuram Ltd (SCTL). With a budget of INR 9 crore, the first phase aims to construct 248 housing units and develop infrastructure, including drainage and recreational spaces. Initial groundwork has commenced, and construction is expected to accelerate soon. Although the project faced delays due to various challenges, it marked a significant step towards improving living conditions for the colony's approximately 2,000 residents.Read more

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Vilappilsala mini-township project faces uncertainty amid funding and council disputes

04 Nov 2024

Thiruvananthapuram's INR 400 crore Vilappilsala mini-township project, initially intended to revitalize the old waste treatment plant grounds, faces suspension due to financial constraints and council disagreements. The development, which envisioned a comprehensive township with residential towers, a convention center, and an urban forest, has stalled since early this year, despite groundwork efforts and a foundation ceremony by Chief Minister Pinarayi Vijayan. With limited time for the current administration and lapsed tenders, officials remain cautious about prioritizing resources for a project outside city limits. The project's revival depends on securing funds and achieving council consensus.Read more

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Thiruvananthapuram's SIR bill to boost industrial growth near Vizhinjam Port

01 Nov 2024

The Kerala government is fast-tracking the Special Investment Region (SIR) Bill for legislative approval in the upcoming assembly session, aiming to implement land pooling in Thiruvananthapuram amid growing investor interest linked to Vizhinjam Port. Chief Minister Pinarayi Vijayan has instructed the revenue and local self-government departments to provide feedback on the proposed Bill, which will be reviewed by the law department before reaching the state cabinet. Plans also include the Outer Area Growth Corridor (OAGC) and the development of logistics and health tourism hubs, paving the way for industrial expansion and economic growth in the region.Read more

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Rajaji Nagar redevelopment project set to begin after long delay

13 Sep 2024

The much-anticipated redevelopment of the Rajaji Nagar colony in Thiruvananthapuram is finally moving forward, with the tender for the project being awarded. The INR 9 crore project is expected to be completed within nine months and will involve the construction of 248 units, along with infrastructure improvements. However, the project has faced delays due to allegations of some residents not being the true beneficiaries, leading to protests. While the initial plan was to relocate 189 families, only a few are being relocated now due to resistance from the residents.Read more

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Thiruvananthapuram eases licencing rules for over 1,000 older buildings

29 Aug 2024

In Thiruvananthapuram, Local Self-Government Minister MB Rajesh has announced a policy change allowing the renewal of commercial licences for establishments in buildings constructed before current regulations. This decision follows challenges faced by business owners under the K-SMART system, which previously barred licences for non-compliant older buildings. The update aims to benefit numerous small businesses and includes plans to overhaul the K-SMART system for easier licensing. Rajesh also noted that 66% of 10,000 complaints have been resolved and emphasised simplifying 106 rules to improve governance and support economic growth.Read more

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Future-Forward Workspace Solutions: Technopark's prefab office facility takes centre stage

08 Dec 2023

Technopark in Thiruvananthapuram is set for a new development with the introduction of a 50,000 sq ft prefabricated office facility at the main campus (Phase 1). The initiative is inspired by the success of the Taurus Downtown project and aims to redefine workspace solutions. The tender for the project is expected to be released soon. Colonel Sanjeev Nair (Retd), CEO of Park Centre at Technopark, highlighted the significance of prefabrication for accommodating parking companies, offering time-saving benefits and potentially reducing the load on the queue system. The project aligns with Technopark's focus on optimizing existing infrastructure and enhancing marketability.Read more

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City Plaza residents pursue legal action against corporation's structural decisions

08 Dec 2023

The Flat Owners' Association of City Plaza, facing structural stability concerns, has decided to take legal action against the city corporation. The association plans to submit a petition to the Local Self Government Department (LSGD) principal director as the initial step. The civic body recently revoked 84 building numbers for both commercial and residential structures within the City Plaza building due to worries about its stability. Despite an eviction notice, residents are refusing to vacate. The association, having received a favourable structural stability certificate, is pursuing legal recourse to address concerns and hold the corporation accountable for ensuring safety.Read more

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Eviction looms for City Plaza residents in Thiruvananthapuram amidst stability concerns

16 Nov 2023

The Thiruvananthapuram City Corporation is taking action to cancel building numbers and trade licenses for residents and shop owners in City Plaza, a residential-cum-commercial building in Ulloor. Concerns over structural stability arose after a portion of the building's retaining wall collapsed during heavy October showers. The civic body issued an eviction notice, directing residents to vacate within three days. Despite reminders to reconstruct the retaining wall, there was no concrete response. Residents cite the corporation's failure to address unauthorized constructions, urging temporary accommodation. The corporation cancelled building numbers and trade licenses, awaiting a stability assessment report from the public works department.Read more

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Thiruvananthapuram’s property tax overhaul sees singular complaint amidst revamped rates

11 Sep 2023

In the wake of implementing new tax regulations, a city with around 4.8 lakh property taxpayers received just one complaint during the objection period. This singular complaint, submitted via email, expressed general concerns about increased tax rates. The revised tax structures primarily affect larger residential properties, commercial establishments, shopping complexes, and other entities. The state government mandated a five percent annual property tax increase for five years, along with adjustments based on revised foundational tax rates. Notably, government office buildings witnessed a significant reduction in basic tax rates, while commercial real estate faced varying adjustments. This comprehensive revision marks an increase in the city's annual property tax demand.Read more

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Thiruvananthapuram announces 20-crore plan for Vikalanga Colony and LIFE Mission beneficiaries

28 Aug 2023

Thiruvananthapuram's Municipal Corporation is set to undertake a transformative Rs 20-crore housing initiative, targeting residents of Vikalanga Colony and those enlisted under the LIFE Mission. The project, located at Muttathara, aims to relocate approximately 100 families currently enduring substandard conditions. This move, coupled with the upcoming housing for the fishing community, underscores the city's determination to improve living standards for its marginalized communities.Read more

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Thiruvananthapuram High Court grants interim stay on NGT's Technopark project decision

22 Aug 2023

The Thiruvananthapuram High Court has issued an interim stay, pausing the National Green Tribunal's (NGT) decision to revoke the environmental clearance for Dragonstone Realty Private Limited's mixed land use project at Technopark phase 3. The NGT's order not only cancelled the clearance but also imposed a Rs 15 crore penalty on the project. The stay, granted for a month in response to Dragonstone Realty's writ petition, provides relief against the NGT's verdict. The NGT had cited a project split violation in its decision, prompted by an appeal from environmentalist Thomas Lawrence. The stay offers temporary relief while further legal proceedings unfold.Read more

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Thiruvananthapuram's property tax reforms aim for equitable taxation

11 Aug 2023

Thiruvananthapuram Corporation has finalized new property tax rates for the upcoming fiscal year. Government office buildings will see a substantial 72.5% reduction in basic tax rates, while larger residential, commercial, and hospitality properties will face increased tax burdens. The proposed revisions, based on existing slabs, await approval in an upcoming civic body council meeting. Additionally, property tax calculations will include a 5% annual increment over five years, following state government directives based on finance commission recommendations.Read more

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Thiruvananthapuram authorities approve land swap agreement between Technopark and private owners

03 Aug 2023

Thiruvananthapuram authorities have given the go-ahead for an innovative land swap agreement between Technopark and private landowners. This historic decision aims to facilitate the expansion of Technopark, a leading technology park in India, while revitalizing the entire region's landscape. By exchanging strategically located land parcels, Technopark can attract more technology companies and startups, generating employment opportunities and bolstering the state's IT sector.Read more

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Thiruvananthapuram's master plan proposes significant building approval relaxations

03 Jul 2023

According to the master plan, the corporation secretary can grant approval for apartments in the core area zone with a maximum of 150 units, eliminating the need to involve the district town planner. This proposal aims to streamline the building approval process in Thiruvananthapuram, allowing quicker decision-making for smaller residential projects. By empowering the corporation secretary with this authority, it reduces bureaucratic hurdles and expedites the approval process, benefiting both builders and residents. This move reflects an effort to enhance efficiency and decentralize decision-making in urban development.Read more

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