A port trust in Kochi is building a new cruise terminal at Ernakulam wharf, with capacity for 5,000 passengers. The project costs Rs. 257.2 million, with most of the funding coming from the Ministry of Tourism. Construction began in August 2018 and is expected to be completed by February 2020.
A notable company is planning to take up new IT firm construction project at Technopark phase III campus in Thiruvanthapuram. The project involves developing a 2.5 million square feet office space in 12.12 acres of the Special Economic Zone. The first phase of office development comprises of 1.4 million sq ft office space, and is expected to be completed within 24-30 months.The second phase will be launched subsequently, based on the leasing velocity, with a projected total completion period of 60 months. The project will come up in 12.12 acres in Phase III campus. The lease agreement for this land was signed in March 2018.
A new resort construction project is planned in Kottayam, Kerala with 12 residential cottages, costing Rs.80.969 Million. The project has received consent from the state pollution control authorities as of July 2018.