There is a public perception that what has transformed this once non-descript city into thriving metro city is the gulf money since a large number of Kochi residents are working in the gulf region. However, Kochi property market is not being driven by gulf money alone; this could be only a reality in the luxury segment.
Marine Drive is a picturesque promenade in Kochi that is facing the backwaters. It is one of the most popular hang out for the residents of the city as well as tourists due to the magnificent view of the backwaters and Kochi Harbor. The walkway is perfect to enjoy a relaxing stroll at any time of the day and hence a property on this stretch is high on the wish list.
Bottom Line: Kochi expects investments of Rs. 2,076 crore; sustainable…
Track2Realty-Agencies: In a blow to real estate major DLF, the Kerala High Court on Monday, Dec 8, directed it to demolish certain portions of its apartment complex, constructed on the banks of the Chilavanoor backwaters here in violation of Coastal Regulation Zone norms.
Track2Realty: Ahmedabad, Jaipur, Kochi and Kolkata have significantly improved their value proposition for IT-BPM services delivery over last five years and emerged as front runners next only to Tier I cities or ‘Leader’ locations which continue to be the preferred choices for IT-BPM industry.
Track2Realty-Agencies: Following relaxation in SEZ norms, debt-laden property developer HDIL has decided to scrap plan to sell the 70-acre land parcel at Kochi Special Economic Zone and is now looking to construct IT infrastructure there.
A city with almost every household having one family member working in the Gulf, Kochi or Cochin’s resident population is waking up to new business avenues. This transition is also leading to a growing demand for commercial and residential property.
Sahara Prime City, the real estate company of Sahara India, has launched Phase II of its Sahara Grace brand of residential complex at Kochi.
Unitech will set up Great India Place (GIP) in Kochi, Kerala. The project consists of a hotel, shopping mall and office complex.
In order to address the issues related with the public sanitation system in the city, the CREDAI, Kochi has come up with a proposal for the construction of electronic public toilet.