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GCDA that owns the stadium went against a FIFA warning to bring back shops with gas cylinders after the Under-17 World Cup held in 2017.
The authority has notified an Expression of Interest for the project.
GCDA that owns the stadium has agreed to rectify issues.
More than 11,000 dancers took to the ground on December 29.
Copies of files regarding the matter show that Mridanga vision Managing director Nighosh Kumar filed an application with the GCDA for permit to conduct the event at the stadium on August 23.
90 residential units will be built in six plots owned by the GCDA.
GCDA, the owners of the stadium, have planned to invest in turf protection tiles.
The CKAT towers built by the Army Welfare Housing Organisation (AWHO) were bought by over 260 families of serving or retired army personnel.
The Jawaharlal Nehru International Stadium in Kochi is expected to host 10 matches in the season, including the inaugural game.
Tendulkar had gifted a jersey, a signed bat and a ball that he had used when the pavilion was opened on November 20, 2013.
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