Kochi real estate – a progressing trend

Kochi, being the commercial capital of Kerala, holdsfirms and NRIs into massive projects, the commercial
immense room for real estate expansion and growingsector is undergoing enormous upsurge.
economic progress. Formerly known as Cochin, theWith the inflow of the expanding IT and MNC
state exemplifies a rich mingling of a beautiful culturalindustry, Kochi is progressively advancing to become
heritage with historical palaces, old churches,a commercially successful destination.
backwaters, beaches and museums embellishing itsKochi is supremely connected globally through air, sea
picturesque environment.and road rendering it adequately reachable. This has
The state manages to attract enormous percentageled to consequential activities by IT and Software
of tourists due to its alluring landscapes and exquisiteindustries. Also, with several institutions, both private
sites that are delightful treats for travelers.       and public, planning to invest in the IT and business
 parks of the city, there would be tremendous
Kochi, also known as the ‘Queen of the Arabiancorporate influx in Kochi.
Sea', stands forth as the business, industrial and theProminent infrastructural developments like the Metro
tourism capital of Kerala. The state has undergoneRail Project, New Bus Terminal at Vytilla, The
significant changes in its lifestyle and also possessesInternational Container Transshipment Terminal
an urban tinge with luxurious homes, high scaling(ICTT), LNG Terminal, Port-based Special Economic
buildings and business complexes. The developingZones and International Cruise Terminal further
social scenario is thereby triggering vast developmentaugment the commercial advancement and
and growth opportunities in its real estate industry.subsequent growth in the city.
 Real estate is also on an upswing with substantial
Kochi real estate market is fast expanding with aprogress in the residential market. High demands from
boom. It is increasingly following competitive propertyNRIs and investors render favorable profit to the
trends and intensifying the realty investments andresidential sector of Kochi's realty market. With the
developments in the state. Potential realty developersrising number of working professionals in the city, the
and investors are now engaging in innovativedemand for quality as well as luxurious residential
projects that would cater to the growingcomplexes, apartments and flats have increased
requirements of the city. With immense focus beingconsiderably. Prime locations like Marine drive,
paid to factors like favorable budget, premium andPanampilly Nagar, Kadavanthra, Edappally, Kakkanad
luxury, Kochi is increasingly witnessing a great deal ofand Thevara are undergoing stupendous
real estate expansion.transformations with a multitude of residential
Both residential property in Kochi as well asventures being initiated.
commercial sectors are on an upsurge with theExtensive investments are being made in the
introduction of several ingenious projects taking rootresidential segment of Kochi's real estate by NRIs,
in the state.  intensifying the trend of quality and luxurious living.
With the strategic location of being situated in CentralProperty builders are incessantly introducing splendid
Kerala, Kochi accounts for the major share ofresidential complexes, featuring exquisite amenities
industrial and commercial activities prevalent in theincluding parking areas, miniature landscapes and
state. The state is also supported by soundgardens, elevators and health clubs. The upcoming
connectivity with the presence of Airport andflats and apartments in Kochi boast of a splendid
Railway Lines, intensifying the scope for commercialliving experience with integrated facilities like modular
investments.kitchens, impressive bathroom accessories and
Considering the commercial graph of the city, Kochigranite floorings.
possesses immense advantage of being the secondWith huge inflow of massive investments by
most important city of the western coast of India.property developers and builders such as DLF City,
Ranked as the second best potential town for ITGreat India Estates, Skyline Foundation, Sobha
industry by NASSCOM, Kochi exhibits enormousDevelopers and Sahara Builders, the real estate
scope for industrial as well as commercialsector of Kochi is witnessing tremendous growth and
augmentation.upswing. According to studies by market analysts and
The commercial sector is being escalated withexperts, there will be a capital growth of 12%-15% in
substantial trigger from huge multinational companiesthe Kochi's real estate industry.
and IT parks being set up in the city. There is anAs consequence of the advancing commercial and
immense impact on the commercial real estateresidential activities being initiated in the city, Kochi is
market of the city with the influx of eventfast emerging as a potent and profitable real estate
management firms and the budding industrial sectorsmarket in the country.
of Kerala. With significant investments by large scale