The project, mooted about a decade ago, is back in the news with the state budget document announcing that the Rs 2,400-crore plan will be implemented soon

Site near Marine Drive, where the Marine Eco City will come up

The mother of all skyscraper projects is set to come up on the northern side of the Marine Drive region, creating a buzz in Kochi’s real estate sector. Originally mooted a decade ago, the Kerala State Housing Board’s (KSHB) ‘Marine Eco City’ project was on the backburner due to various reasons. Now it has been revived.

The Rs 2,400-crore project has gained momentum following its inclusion in the State Budget 2025-26 document, with the government estimating a revenue of Rs 3,650 crore from it.

D Dhanuraj, Chairman of Centre for Public Policy Research (CPPR), in speaking to Krishna Kumar K E of The New Indian Express (TNIE) on the subject, shared some concerns as he welcomed the project.

“It (Marine Eco City) augurs well for the city, as it could fuel the growth of the local economy. However, the government should ensure the creation of a good ecosystem first. Only then can KSHB be able to find genuine buyers.

Moreover, people should settle there once they buy the residential units. It shouldn’t be like certain other high-rises where people, especially NRIs, buy flats as a vacation stay facility. Only if the buyers reside in the units will it give a boost to the local economy.”

Dhanuraj is quoted as stating.

Read the TNIE article here.

Views expressed by the author are personal and need not reflect or represent the views of the Centre for Public Policy Research.