Kerala govt nods construction of LIFE towers at Kattakada
25 Jun 2021
2 Min Read
CW Team
The Kerala government has officially sanctioned the construction of LIFE towers at Kattakada, Kerala, which would have 28 units.
The sanction was provided along with six other units to establish in different parts of the state, including Chengala in Kasaragod (44 units), Kalanjoor in Pathanamthitta (32 units), Edappal in Malappuram (44 units), Kadampanad in Pathanamthitta (56 units), Karimba in Palakkad (72 units), and Eraviperoor in Pathanamthitta (28 Units) below the LIFE Mission project.
The construction of two house complexes under the LIFE Mission started at Azhoor and Madavoor panchayat in September 2020.
Flats at Azhoor will reside, 44 families and the project is costing Rs 6.72 crore.
The Madavoor flat is established on 1.2 acres of land, handed over by the revenue department. The project completion cost is Rs 5.5 crore.
Chief Minister Pinarayi Vijayan virtually inaugurated the construction works of 29 apartment complexes over the state as part of the LIFE Mission project in 2020.
The total housing units envisioned under the latest offer, including Kattakada, is 304, and the entire plinth area will be 17,613 sq m. The average price plinth area cost for the project is 27,747/sq m.
Earlier the government asked for clarification from the chief executive officer, LIFE Mission, for an actual increase in the unit cost of external work as the unit cost m/sq witnessed a growth of 3 to 9% over the original unit cost.
The government directed the CEO of the LIFE Mission to make sure that all facilities are there in the housing groups.
According to the clarification issued by the CEO for increased cost, the cost of construction varies on the type of foundation.
The value of external site development works mainly depends on the terrain of the land, retaining wall, length of compound wall, road development, earth cutting/filling required, among others.
It depends from site to site and directly can not be compared with the number of dwelling units.
Also read: Housing prices stay fairly flat at 2.7%, growth to be in same range in FY22
Also read: Nashik real estate sector gains momentum after months of inactivity
The Kerala government has officially sanctioned the construction of LIFE towers at Kattakada, Kerala, which would have 28 units.
The sanction was provided along with six other units to establish in different parts of the state, including Chengala in Kasaragod (44 units), Kalanjoor in Pathanamthitta (32 units), Edappal in Malappuram (44 units), Kadampanad in Pathanamthitta (56 units), Karimba in Palakkad (72 units), and Eraviperoor in Pathanamthitta (28 Units) below the LIFE Mission project.
The construction of two house complexes under the LIFE Mission started at Azhoor and Madavoor panchayat in September 2020.
Flats at Azhoor will reside, 44 families and the project is costing Rs 6.72 crore.
The Madavoor flat is established on 1.2 acres of land, handed over by the revenue department. The project completion cost is Rs 5.5 crore.
Chief Minister Pinarayi Vijayan virtually inaugurated the construction works of 29 apartment complexes over the state as part of the LIFE Mission project in 2020.
The total housing units envisioned under the latest offer, including Kattakada, is 304, and the entire plinth area will be 17,613 sq m. The average price plinth area cost for the project is 27,747/sq m.
Earlier the government asked for clarification from the chief executive officer, LIFE Mission, for an actual increase in the unit cost of external work as the unit cost m/sq witnessed a growth of 3 to 9% over the original unit cost.
The government directed the CEO of the LIFE Mission to make sure that all facilities are there in the housing groups.
According to the clarification issued by the CEO for increased cost, the cost of construction varies on the type of foundation.
The value of external site development works mainly depends on the terrain of the land, retaining wall, length of compound wall, road development, earth cutting/filling required, among others.
It depends from site to site and directly can not be compared with the number of dwelling units.
Image Source
Also read: Housing prices stay fairly flat at 2.7%, growth to be in same range in FY22
Also read: Nashik real estate sector gains momentum after months of inactivity
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