The queen of Arabian Sea is popular as Cochin, Ernakulam, and Kochi. This was the summer Capital of erstwhile Travancore. The Kochi is the only commercial center for trade and commerce in Kerala. It has a natural port, Airport, railways, backwater boat transport and good road connectivity. The Kochi Marine Drive skylines were famous since past three decades. Presently there are many high-rise spread across the city and its outskirts due to the quality works from Real Estate Kochi. This is mostly an NRI market and local people do prefer luxury residential projects.
Realty Business in Kochi
The Kochi real estate business is with a difference. You can find most of the local builders having many Middle East architects to plan their residential and commercial projects. This is also the same when comes to giant builders. There are many projects, which are rise-up with the assistance of UAE’s top architects. Either they are the designers of most of the highest towers in Middle East countries. This show the masses of Kochi seek excellence and quality when come to end use property buying. This is a buyer’s market and there are prospective to invest in realty projects from Aluva to Nedumbaserry airport in Kochi.
Up Coming Realty Projects, side by NH 47 Alway to Nedumbassery
Since 1999, the new Cochin international airport starts function at Nedumbassery in the northwards outskirts bordering Thrissur District. Since then the land value from Aluva (Alwaye Town) to airport areas got a rapid hike in price. Even theough they are agricultural lands, many real estate agents and individuals are trying to buy these lands due to future prospective to build commercial space near or on the sides of NH 47, which passes from Alwaye towards the Cochin airport. There is many NRI’s interest on these areas to build restaurants and hotels. It is advisable to buy these lands, since the change in politic may develop these areas into residential plots very soon due to the presence of Cochin International Airport.
IT- Hubs in Kakanad and Demand for Residential Projects
The only IT hubs available in Kerala are in Trivandrum and Kochi. The Kochi is the preferred location by masses living in North and Central Kerala. Since Trivandrum is 900 KM far away from North Kerala. Most of the Keralites are working in Kakanad IT valley. The demand for flats, independent homes and apartments are more in this area. Since, they wish to live near by the workplace. Already there are many hi-rise residential projects are there. However, the demand for rental homes is more in Kaknad. Presently the real estate business is concentrating here to build many mega residential projects to accommodate these IT working classes.
NRI’s Interest in Kochi Realties
If you look at Kochi properties, they are very different from others. Since from the design to the interiors are workouts by foreign architects. They do use international standard construction materials and construction cosmetics. This is happening due to NRI’s investment in Kochi Realty. Most of the NRI’s are from the Middle East and from The USA.
Commercial Properties in Kochi: The NRI’s invest in most of the commercial properties due to high returns they get from building multiplex, malls and office spaces in Kochi.
NRI’s Interest in Residential Projects: Presently the independent villas are the most preferred home type by the Keralites who wish to live side by land surroundings. There are many such beautiful independent villa projects financed through NRI investment in Kochi realty business.
Gated Community Living: This kind of residential property are becoming as emerging trends by the present generation. The scope of such projects is highly appreciated to invest and for end use in Kochi.
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