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Construction : Real Estate Update | February 2016 | Source : CW-India

GIDA to develop realty for projects worth Rs.1,000 cr

The cash-strapped Goshree Islands Development Authority (GIDA) is turning into a real estate developer to generate funds to carry out long-pending and promised projects. The funds will also be used for new infra projects like roads and bridges that would connect the islands with the mainland. The land owned by GIDA and private parties in islands in Kochi will be developed by providing infrastructure. The same will be sold or leased to private investors for IT parks and private to generate funds to carry out infrastructure and development projects.
 
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