As per the proposal, SmartCity Kochi will accept an alternative plot of land from the KSEB in lieu of the land where the tower was being constructed. While admitting at the meeting that the 1.62 acres on which the tower was being built belonged to SmartCity Kochi, the KSEB had proposed to compensate the company with an alternative plot. The tower work has been stalled pending a decision.
"Baju George (managing director of SmartCity India) informed me on Monday that the company is willing to accept the proposal," Mr. Pareed told The Hindu . He said that he will give a report to the State government on the arrangement while seeking its approval for transferring the land.
In the interim period before the government gives its approval, the two parties concerned can enter in to a Memorandum of Understanding to make use of the respective plots assigned to them. With SmartCity Kochi giving its nod to accept alternative land, KSEB can now resume the construction of the tower. Mr. Pareed said that he will give permission for resumption of work after discussing the issue with KSEB authorities on Tuesday.
SmartCity Kochi, however, is yet to decide on the plot to be accepted. KSEB had agreed to allot a plot either from its four acres along Kadamprayar or the 1.30 acres opposite the Brahmapuram diesel power plant. Mr. Pareed said that SmartCity Kochi will take a decision after taking a look at the plots.