TODAY -
Lease deed for SmartCity Kochi project signed
Write Comment
E-Mail To a Friend
Facebook
Twitter 
Print 
Kerala government and Dubai-based Tecom sort out differences over freehold right
More than four years after laying the foundation stone, the SmartCity Kochi project, a joint venture between the government of Kerala and Dubai-based Tecom, took a decisive turn for the better on Wednesday.
The project, with an initial investment of $350 million, is expected to generate about 90,000 jobs in the next 10 years.
The lease deed for 246 acres, where the project is coming up, for 99 years was signed on Wednesday. The land was also registered in favour of the SmartCity Kochi Infrastructure Private Limited with the government giving stamp and registration duty exemptions.
After signing the lease deed, Registration Minister S. Sarma, who is also the chairman of SmartCity Kochi, and Tecom CEO Abdullatif Almulla said construction would begin as soon as the Special Economic Zone notification was received for 131 acres, which had already been cleared by the Board of Approval of the Union Commerce Ministry.
Things, however, were looking far from rosy before the meeting between Chief Minister V.S. Achuthanandan and member of Dubai’s Supreme Fiscal Committee Ahmed Humaid Al Tayer on February 2.
Stumbling block
The project had hit a stumbling block in March 2008 over the promoter’s demand for freehold over 12 per cent of the project land. While the State government insisted that land with the freehold right will be inside the SEZ and hence cannot be sold, Tecom claimed that freehold by default meant right to sell. Both sides stuck to their positions till the government appointed M.A. Yousuf Ali, board member of the Abu Dhabi Chamber of Commerce and Industries, as a mediator to find a way out.
Mr. Ali, with the help of his team, was able to create a consensus between the parties within three weeks resulting in the February 2-meeting. Eventually, the government had its way and Tecom agreed on freehold without selling rights
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
RELATED
UAE Brahmana Samaja’s 20th Anniversary celebration, ’Vimshati’, was a splendid event filled with cultural richness and joy. Held on April 13, 2024, at the Jumeirah Baccalaureate School in Jumeirah, Dubai, the festivities included a diverse array of cultural presentations. From folk dances to classical Indian dance forms like Bharatanatyam and Kuchipudi, and even unique performances such as the Tig
Thiya Samaj Family UAE’s First overseas community organizations of Thiyas founded in the year 2004 by the leadership of late Umesh Nanthoor ( Founder President ), Bisajakshi M P, Ishwar Ail, ( Founder Secretary ) with the support of Sadashiva Manjeshwar,Yogesh Ullal, Nagesh Suvarna Jayaprakash Kunj
UAE Brahmana Samaja Dubai is gearing up for a grand celebration marking its 20th year of existence with the "Vimshathi Uthsava" event on April 13th. The organization has truly made history by organizing 20 programs throughout the year, setting a remarkable precedent in the community. Their commitme
With the recent changes in the Mangalorean Association, some reorganization has been done to the Executive Committee this year to maintain the continuity of operation of the association as below - Julia Dante – President Clement Noronha – Vice President
Let it be the vibrant ambience at Titli, Majestic Hotel in Bur Dubai or the thrill created by the auctioneer (Lynel Monterio and Doreen Alvares) on each auction or the live telecast viewed by thousands of people, this game in UAE has reached different heights and given new platform for all throwball
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Easter Vigil 2024 | Holy Saturday | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Confraternity Sunday | St. Theresa’s Church, Kemmannu
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link
Sponsored Albums
Exclusive
An Open ground ‘Way of the Cross’ observed in St. Theres’s Church, Kammannu. [Live-Streamed]
Udupi Bishop Most Rev. Gerald Issac Lobo Celebrates Palm Sunday at Kemmannu Church
The architect of various Churches, Schools, Hospitals and Colleges….. Msgr Denis Jerome D Souza.
Konknani Writers’ Association Literary Award Conferred on Dr. Gerald Pinto
Celebrating Love Across Languages: A Valentine’s Day Special
Udupi: Kemmannu.com Journo Richard D’Souza Felicitated by Paryaya Sri, Sri Sugunendra Tirtha Swamiji.
Let the unity of senior players be an example to the youth - Gautham Shetty - Alfred Crasto Felicitation - Match Livestream.
Bali, Indonesia: Royal Singaraja Award to Mangalorean NRI Philanthropist Dr. Frank Fernandes. [Video]
MTC - Milagres towards Community – An Outreach program on 14th December, 2023
