New Delhi: Seeking a special package for Kerala in the coming railway budget, a high-level delegation led by Chief Minister V S Achuthanandan met Railways Minister Lalu Prasad in the national capital on Wednesday.
"It was promised to us that a special package would be considered for Kerala when the Salem division was created. But till date nothing has been done in this regard and we want a special package in the coming railway budget," Kerala MP PC Thomas said.
Thomas was part of the high-power delegation consisting of 15 MPs and two state ministers from Kerala who had an hour-long meeting with Prasad at Rail Bhawan.
A separate zone for Kerala is our long standing demand and it should be fulfilled, Thomas said.
Besides a new railway zone for Kerala, the delegation demanded a coach factory at Palakkad. The coach factory is to manufacture ICF design fabricated bogies for passenger coaches to meet the requirement in future.
Demanding a "Golden IT corridor", the delegation has submitted a proposal for connecting Cochin with the IT hubs at Bagalore and Hyderabad. This route will reduce the distance between Bangalore and Cochin by around 120 kms.
"It could become a Golden IT corridor connecting three nerve centres of IT in south India and lead to development move," a member of the delegation said.
© Copyright 2008 PTI. All rights reserved.
http://news.in.msn.com/national/article.aspx?cp-documentid=1228863
Friday, February 29, 2008
Model Engineering College,COCHIN(KOCHI)Thrikkakara signed a Memorandum of Understanding (MoU) with WIPRO(it's 1rst in KERALA)
Wipro Technologies is the No.1 provider of integrated business, technology and process solutions on a global delivery platform.
Wipro Technologies is a global services provider delivering technology-driven business solutions that meet the strategic objectives of our clients. Wipro has 40+ ‘Centers of Excellence’ that create solutions around specific needs of industries. Wipro delivers unmatched business value to customers through a combination of process excellence, quality frameworks and service delivery innovation. Wipro is the World's first CMMi Level 5 certified software services company and the first outside USA to receive the IEEE Software Process Award.
About MEC
Model Engineering College, Thrikkakara is a premier institute of engineering that has carved a niche for itself in the field of technical education in a very short span of time. Since its inception in 1989, under the aegis of the Institute of Human Resource Development for Electronics, IHRDE (now IHRD,Government of Kerala undertaking), the college has made its presence felt in the technical horizon of the state.
The college offers engineering courses in Computer Science & Engineering, Electronics & Communication Engineering and Electronics & Biomedical Engineering. Unique in its structure, methods and goals, the college is strongly rooted in a philosophy of training and research that emphasizes the intimate relationships between knowledge and its application and seeks to promote the creation of an ideal society.
Situated at Thrikkakara, an idyllic spot in the fringes of Kochi, the location offers an advantage as it is just a stone's throw away from industrial centres including Aluva, the industrial capital of the state and Cochin Export Processing Zone(CEPZ) yet sufficiently far enough from the hustle of Kochi city, providing a congenial atmosphere for diligent academic pursuit.
The college has been selected for financial assistance by TEQIP (Technical Education Quality Improvement Programme), a World Bank Project. As part of the scheme, it is expected to receive around Rs10 crores . An amount of Rs 4.3 crores has already been sanctioned. For more details log on to www.npiu.nic.in
The college is affiliated to the Cochin University of Science and Technology, which confers the degree of Bachelor of Technology (B. Tech) in various disciplines.
Wipro signs first MoU in Kerala with Model Engineering College, Kochi
Wipro has signed a Memorandum of Understanding (MoU) with Model Engineering College, Thrikkakara, to take its ongoing collaboration with the Institution to the next level. This MoU is the first of its kind that Wipro is signing in Kerla.
Source: k2communications
Feb 27, 2008 01:20:19
FOR IMMEDIATE RELEASE
(PRLog.Org) – Feb 27, 2008 – Wipro has signed a Memorandum of Understanding (MoU) with Model Engineering College, Thrikkakara, to take its ongoing collaboration with the Institution to the next level. This MoU is the first of its kind that Wipro is signing in Kerla.
Wipro has chosen to partner with Model Engineering College, Thrikkakara as they are among the premier engineering institutes in the country. The MoU envisages a set of planned activities and interactions addressing various stakeholders namely students, faculty and the management. These activities and interactions include faculty development programs, technical sponsorships and student workshops and many more. For instance, one of the programs is a student workshop that is structured with the primary goal of emphasizing on the importance of creative thinking that is paramount to succeeding in corporate world today.
Commenting on the occasion Ms. Priti Rajora, General Manager – Talent Acquisition said, “the objective of this MoU is to build industry-academia relationship and empower students to gear up for the challenges of the corporate world."
Prof. Subramani, a renowned academician and IHRD Director was witness to this event. He stressed that the brand name of MEC is due to the quality of students and that this academy industry interaction will further help in creation of knowledge based society. This relationship is bound to be mutually beneficial and everlasting one. MoU was signed by Principal Dr. P. Suresh Kumar.
For Further Information, please contact:
Wipro Limited
Media: Radha Radhakrishnan +91 – 80 – 25056159
Investors: Aravind Viswanathan +91 – 80 – 25056143
About Wipro Limited
Wipro Limited (NYSE:WIT) provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro’s ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com , and www.wipro.in
Wipro’s forward looking and cautionary statements
Forward-looking and cautionary statements Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
# # #
K2 – the name has been evolved from Knowledge Kingdom: The larger goal and aspiration of the organisation in as much as it is the foundation of our activities. Because knowledge and its dissemination is critical to the success of all businesses across the globe, its the beginning and end of all communication, and information.
K2 is also a motif taken from the awe-inspiring mountain peaks in the Karakoram range in the Himalayas. The second highest peak in the world is far more treacherous and difficult to ascend than the Everest. And there-in lies our goal – To be second to none!
http://www.prlog.org/10053394-wipro-signs-first-mou-in-kerala-with-model-engineering-college-kochi.html
Thursday, February 28, 2008
COCHIN(KOCHI) best Indian ITES destination
COCHIN(Kochi) is emerging as attractive ITES destinations primarily due to rapid improvement in infrastructure (power, international bandwidth and urban transportation) and lower manpower costs due to lower cost of living and lack of alternative employment opportunities. It was asessed on factors such as assessed on factors such as manpower availability, real estate, telecom infrastructure, policy initiatives, power infrastructure, city perception and entrepreneurial history.
The growth has been largely driven by three factors. First is the desire of by state governments to attract entrepreneurship, which has resulted in attractive policy environments and incentives being offered.
The second is the rapid improvement in key infrastructure areas like power, telecom bandwidth and real estate in newer locations.
The last is the need for ITES companies to lower operating costs, especially employee costs and transportation.
Kochi
Kochi is an upcoming city in Kerala and is aggressively being promoted by the state government as an IT destination. Though it doesn't have any ITES companies of significance yet, it holds a lot of potential to attract many.
But the city needs to address the following infrastructure issues: Though it has the lowest power tariff among all the cities surveyed, it still experiences some power cuts. Like most cities in India, Kochi lacks a decent public transport infrastructure
Compared to the larger cities, Kochi has only a few colleges. As ITES companies would mainly hire graduates, the state needs to ensure abundant supply of trained manpower.
Kochi too loses out in the perception game. The government needs to ensure that the city moves up this scale to start attracting new businesses
Power The variance in the ranking comes due to the tariffs existing across various cities. Kochi has a low tariff of Rs 3/unit and it goes as high as Rs
4.97/unit in Mumbai Kochi experience pre scheduled power cuts
Manpower Manpower cost varies depending on the city's cost of living. The city's attractiveness also depends on the number of trained manpower. Manpower cost is as high as Rs 51.59/hr in Mumbai as compared to Rs 17.04/hr in Kochi.
Perception Perception plays an important role while deciding the location of a new unit. Bangalore ranked high because of the state's IT policy. Kolkata, Ahmedabad and Kochi lag behind in the IT initiatives undertaken by the government. Recent riots at Ahmedabad has harmed its perception even more as a business centre.
Entrepreneurship Bangalore, Mumbai and Delhi have a large number of start- ups and have more entrepreneurs hailing from the city who in turn set up base in the
city. Kolkata, Pune and Kochi don't score very that high, as they do not have many start-ups. REDIFF.COM
The growth has been largely driven by three factors. First is the desire of by state governments to attract entrepreneurship, which has resulted in attractive policy environments and incentives being offered.
The second is the rapid improvement in key infrastructure areas like power, telecom bandwidth and real estate in newer locations.
The last is the need for ITES companies to lower operating costs, especially employee costs and transportation.
Kochi
Kochi is an upcoming city in Kerala and is aggressively being promoted by the state government as an IT destination. Though it doesn't have any ITES companies of significance yet, it holds a lot of potential to attract many.
But the city needs to address the following infrastructure issues: Though it has the lowest power tariff among all the cities surveyed, it still experiences some power cuts. Like most cities in India, Kochi lacks a decent public transport infrastructure
Compared to the larger cities, Kochi has only a few colleges. As ITES companies would mainly hire graduates, the state needs to ensure abundant supply of trained manpower.
Kochi too loses out in the perception game. The government needs to ensure that the city moves up this scale to start attracting new businesses
Power The variance in the ranking comes due to the tariffs existing across various cities. Kochi has a low tariff of Rs 3/unit and it goes as high as Rs
4.97/unit in Mumbai Kochi experience pre scheduled power cuts
Manpower Manpower cost varies depending on the city's cost of living. The city's attractiveness also depends on the number of trained manpower. Manpower cost is as high as Rs 51.59/hr in Mumbai as compared to Rs 17.04/hr in Kochi.
Perception Perception plays an important role while deciding the location of a new unit. Bangalore ranked high because of the state's IT policy. Kolkata, Ahmedabad and Kochi lag behind in the IT initiatives undertaken by the government. Recent riots at Ahmedabad has harmed its perception even more as a business centre.
Entrepreneurship Bangalore, Mumbai and Delhi have a large number of start- ups and have more entrepreneurs hailing from the city who in turn set up base in the
city. Kolkata, Pune and Kochi don't score very that high, as they do not have many start-ups. REDIFF.COM
COCHINITES(Kochiites) to move to a healthier life in the suburbs
Moving to cleaner, greener pastures
Traffic blues, heavy pollution, peak hour rush, water scarcity and rising noise levels are forcing many Kochiites to move to a healthier life in the suburbs, says HEMJITH BHARATHAN. They lament the deteriorating quality of life in the city
This might be something right out of fantasy or a fairy tale. No traffic lights, horns, pollution and lots of parking space. Life is tranquil and moves at a leisurely pace. Whatever be it this is what many residents of Kochi, maddened by the commotion and chaos on the roads, desperately long for today. Kochi too, like other cities, is turning into a city of excesses forcing many to move to the less congested, neighbouring areas like Aluva, Poothotta etc.
The city maybe an investor's paradise, but the consumer boom does not suit everyone. Many who prefer peace and live with certain ideals are apprehensive about the future of Kochi. There are many who fear that the city will be taken over by the gangs of software engineers who are out to transform Kochi into an automated roller coaster.
Latheef, an NRI says, "Dubai is getting more and more congested by the day. The traffic moves at snail's pace. But when we come home on holidays, to escape the rush there, we find that Kochi is the same. Crawling traffic, crowded, polluted streets and lack of parking space. I will be shifting from my apartment at Kaloor to a river-view apartment at Aluva to enjoy the quietude and scenic beauty."
Choking smog
Kochi is slowly turning into an environmentalist's nightmare. The car boom, due to man's unending love affair with automobiles, has polluted and crammed the city. Car exhaust, multiplying in proportion with our passion for anything on wheels, is blanketing the city with thick smog. The fumes get trapped among the mushrooming tall buildings. Are we moving into the dark ages?
Bhaskaran, who sold his flat off M.G. Road to settle down in the lush, surroundings of Silent Valley says, "Kochi is becoming uninhabitable due to the grime, dust and pollution. Lack of proper drainage adds to its woes. Its narrow infrastructure cannot contain its rapid development. On certain mornings one sees a mysterious fog with a strange chemical odour that obscures the atmosphere. Doctors have warned that this can be harmful for respiratory organs. The city is thus choking in its own growth."
Seeking a cleaner atmosphere is what makes many leave the city. According to a recent report breathing the polluted air in Mumbai is equivalent to smoking two packets of cigarettes a day. Will Kochi be trailing far behind? Sapna Prabath, a homemaker who has shifted to Poothotta says, "the air is definitely cleaner here than the polluted city roads. While Kochi is reeling under water scarcity we get pure drinking water from a well in our compound. Though we are away from the city we do not lack in anything as the transport system, new bridges and roads have made the city easily accessible. A CBSE school nearby takes care of the education of my children.
We go to the city occasionally, perhaps once in a week, for shopping, movies or eating out with the children." But for many the city is home. Shifting has never crossed their minds even in their wildest dreams. They are used to the din, excitement and fervour. They feel part of it. To them Kochi is brimming with unlimited possibilities. The city is acquiring a character. It is grooving to the tune of the global beat. "Why move out when everything is so convenient here? The city is the most happening place and I love to be part of its jostling and opportunistic crowd," says Kailash.V. Rajan. He adds, "Pollution levels will come down once the focal point shifts and expands from M.G. Road up to as far as Nedumbassery Airport. Educational institutions and super-specialty hospitals have sprung up in the outskirts broadening the city limits. The fixation with M. G. Road may thus diminish with shops and buildings coming up on suburbs and fringes of the city."
Geena Matthew, a homemaker, who stays in an apartment off M. G. Road is also unaffected, optimistic and feels that things, though slow, will improve. She says, "with proper planning and better utilisation of water transport the crowds and traffic can be streamlined. Bridges and flyovers, which we hope will be constructed soon, can reduce traffic congestion to a great extent. Though Kochi is expanding with projects on the outskirts, M. G. Road will always be the focal point of the city like Mount Road in Chennai. There is always something happening here. New shops and stores spring up out of the blue replacing old structures. Living in the heart of the city is thus being part of its pageant and parade."
Thriving city
However, Vasanth Sukumaran, an architect, who too lives in the heart of the city, is uneasy about the future. "The city is expanding at such a fast rate that for even for those who shift, there will be only a short respite before they find that pollution has spread to their areas too. The road from the city to Nedumbasserry is getting to be as crowded as M. G. Road. The city's infrastructure is miserable. Cities are usually planned taking into account its growth for at least 30 to 50 years. But in Kochi, constructions spring up daily without any forethought and planning. In the years to come there will be total chaos and residents will suffer."
With such views expressed one cannot make sense of the future of Kochi. With a catch-me-if-you-can attitude the city swells at an alarming rate challenging environmentalists, town planners, engineers and architects. Unmindful of tomorrow it lives each day to the fullest. New stores, franchises spring up every day, jostling with high-rise apartments, restaurants, and business houses for precious space. The urban crowd loves its ambiance. Their senses soar. They are pampered with comfort and ease with eating joints competing, catering to every taste, pocket, and racing for the quickest home delivery. The city moves on. Live for the day is its message to its residents. The future will take care of itself. So for now, lets keep our fingers crossed.
http://www.hinduonnet.com/thehindu/mp/2006/07/24/stories/2006072400940100.htm
COCHIN (Kochi) one of the fastest growing cities in India
The city of Kochi (formerly Cochin) prominent as the port city of Kerala is one of the fastest emerging cities of India. As a port city, it has always been the proclaimed economic capital of Kerala with trade and retail being its fundamental business sphere. However, in the recent times, since NASSCOM ranked it as the second potential city for investments in the IT sector, Kochi has emerged as a favored destination for the IT & ITES industry. Also, Kochi shows vast potential for economic growth and industrialization based on norms such as real estate growth, available work force, overall infrastructure, policy initiatives and commercial history. However, the accessibility of cheap bandwidth through undersea cables and lesser operational costs in comparison to other key cities in India has proved to be of major advantage.
Kochi is one of the few cities in India, which has the best connectivity to the outside world through sea, air and road. This is also one of the reasons for Kochi being identified as an attractive destination for investments. Moreover, this inflow of investments has created realty prospects in the city, both residential and commercial as the IT firms are bringing in more and more people into the city. And with the coming up of Cochin Special Economic Zone (CSEZ) the economical capital of Kerala is now even more attractive to the investor counting on economic and realty prospects. The CSEZ apart from catering to the business growth and industrialization with the investments in IT and Business parks has also been responsible for growth of Kochi real estate.
Besides the Technopolis developed at the CSEZ, the setting up of a software productivity center by Wipro in Kochi is considered as one of the variable factors in the evolution of Kochi as an upcoming city. Major IT firms such as US Software, IBS, Sun Tec, Gemini, NeST, Ernst and Young, Tata Consultancy Services, Infosys, ACS Inc. and Allianz Cornhill are only some of the IT firms gradually making their presence felt in the business prospect of Kochi.
As the graph of Kochi real estate takes an upward move, top real estate developers from within the country are vying up to the city with interesting projects. A spectacular development in the Kochi real estate market is with the Rs. 950 million-joint venture projects between HDFC and Larsen and Toubro (L&T). However, the project that Kochi real estate can consider as the mother of all investments is the Rs. 1500-crore`Smart City' project proposed by the Dubai Internet City (DIC). Moreover, with city administration providing the investors with the basic infrastructure like power, international bandwidth and urban transportation, industry experts expect a capital appreciation of around 12-15 per cent in the next two-three years. All these factors are contributing factors in creating a congenial environment for making Kochi one of the fastest growing cities in India.
http://www.earthspace.in/news_cochin.php
Kochi is one of the few cities in India, which has the best connectivity to the outside world through sea, air and road. This is also one of the reasons for Kochi being identified as an attractive destination for investments. Moreover, this inflow of investments has created realty prospects in the city, both residential and commercial as the IT firms are bringing in more and more people into the city. And with the coming up of Cochin Special Economic Zone (CSEZ) the economical capital of Kerala is now even more attractive to the investor counting on economic and realty prospects. The CSEZ apart from catering to the business growth and industrialization with the investments in IT and Business parks has also been responsible for growth of Kochi real estate.
Besides the Technopolis developed at the CSEZ, the setting up of a software productivity center by Wipro in Kochi is considered as one of the variable factors in the evolution of Kochi as an upcoming city. Major IT firms such as US Software, IBS, Sun Tec, Gemini, NeST, Ernst and Young, Tata Consultancy Services, Infosys, ACS Inc. and Allianz Cornhill are only some of the IT firms gradually making their presence felt in the business prospect of Kochi.
As the graph of Kochi real estate takes an upward move, top real estate developers from within the country are vying up to the city with interesting projects. A spectacular development in the Kochi real estate market is with the Rs. 950 million-joint venture projects between HDFC and Larsen and Toubro (L&T). However, the project that Kochi real estate can consider as the mother of all investments is the Rs. 1500-crore`Smart City' project proposed by the Dubai Internet City (DIC). Moreover, with city administration providing the investors with the basic infrastructure like power, international bandwidth and urban transportation, industry experts expect a capital appreciation of around 12-15 per cent in the next two-three years. All these factors are contributing factors in creating a congenial environment for making Kochi one of the fastest growing cities in India.
http://www.earthspace.in/news_cochin.php
COCHIN(KOCHI) see spurt in Real Estate Activity
A city with almost every household having one family member working in the Gulf(Middle East), Kochi or Cochin’s resident population is waking up to new business avenues. The growing business needs are seen translated into a growing demand for commercial and residential property.
The Cochin Port Trust has entered into a joint venture with Dubai Port International and is handling the Container Trans-shipment Terminal (ICTT) at Vallarpadam. The Cochin port houses an international bunkering terminal, a ship repair yard, a CNG terminal and an exclusive berth for international cruise ships. Interestingly, Kochi also has an international airport built under public-private partnership.
Commercially, the city is growing with tourism and international trade. The IT industry is establishing a sound base here, and the demand for office spaces, hotels and retail outlets is increasing.
As a result, the need for residential apartments in Kochi is estimated at 50,000 in the next 2 - 3 years. Builders are catching up with the demand with a choice of residential projects. Real estate developers Puravankara Projects, Sobha Developers, Prestige Group, Emaar-MGF and Brigade Group have established their presence in Kochi. Sahara Infrastructure & Housing and Unitech have also purchased property in Kochi for development.
Infrastructure in Kochi has been strengthened accordingly. A new ring road skirting the city, a highway running parallel to the coast, and a new airport to seaport road have speeded up intra-city movement.
Commercial properties are more in demand on Marine Drive, portions of MG Road, Chittoor Road and Shanmugham Road. Puravankara’s Grand Bay luxury apartments at Marine Drive fetch rates of Rs 4,000-4,500 per sq ft and apartments cost over Rs 80 lakhs. The developer’s upcoming projects include Oceania, again on Marine Drive, and one each at Kakkanad and Edapally. The last two are more moderately priced as in these localites the land rates are lower.
Prestige Group of Bangalore with Neptune Courtyard, and the Abad group also have residential apartments coming up in Marine Drive.
Local real estate developer Skyline Builders have premium apartments coming up in Kallor priced at Rs. 1,700 to Rs. 2,600 per sq. ft. Great India Estates has fixed rates for its forthcoming residential apartments at Rs. 3000 per sq.ft, at Kakkanad.
The NRI community is funding and fueling the demand for residential flats, as is borne out by the high percentage (60 to 80%) of flats booked by them.
As for commercial properties, 6 malls are on the anvil, and would be ready by 2009. Forum will cover 1 million sq. ft. of space. Others are Lulu Mall, Aerens Gold Souk, Abad mall, Metro One, Mall O and Kalyan Mall. The Summit Mall will stretch vertically to 12 floors. Sources also reveal DLF’s plans for a hotel-cum-mall on Marine Drive.
Not known for any significant commercial or industrial activity in the past, the upward trend in real estate in Kochi is an indicator of a healthy and reviving economy.
http://www.indianrealtynews.com/real-estate-india/kochi-sees-spurt-in-real-estate-activity-2.html
The Cochin Port Trust has entered into a joint venture with Dubai Port International and is handling the Container Trans-shipment Terminal (ICTT) at Vallarpadam. The Cochin port houses an international bunkering terminal, a ship repair yard, a CNG terminal and an exclusive berth for international cruise ships. Interestingly, Kochi also has an international airport built under public-private partnership.
Commercially, the city is growing with tourism and international trade. The IT industry is establishing a sound base here, and the demand for office spaces, hotels and retail outlets is increasing.
As a result, the need for residential apartments in Kochi is estimated at 50,000 in the next 2 - 3 years. Builders are catching up with the demand with a choice of residential projects. Real estate developers Puravankara Projects, Sobha Developers, Prestige Group, Emaar-MGF and Brigade Group have established their presence in Kochi. Sahara Infrastructure & Housing and Unitech have also purchased property in Kochi for development.
Infrastructure in Kochi has been strengthened accordingly. A new ring road skirting the city, a highway running parallel to the coast, and a new airport to seaport road have speeded up intra-city movement.
Commercial properties are more in demand on Marine Drive, portions of MG Road, Chittoor Road and Shanmugham Road. Puravankara’s Grand Bay luxury apartments at Marine Drive fetch rates of Rs 4,000-4,500 per sq ft and apartments cost over Rs 80 lakhs. The developer’s upcoming projects include Oceania, again on Marine Drive, and one each at Kakkanad and Edapally. The last two are more moderately priced as in these localites the land rates are lower.
Prestige Group of Bangalore with Neptune Courtyard, and the Abad group also have residential apartments coming up in Marine Drive.
Local real estate developer Skyline Builders have premium apartments coming up in Kallor priced at Rs. 1,700 to Rs. 2,600 per sq. ft. Great India Estates has fixed rates for its forthcoming residential apartments at Rs. 3000 per sq.ft, at Kakkanad.
The NRI community is funding and fueling the demand for residential flats, as is borne out by the high percentage (60 to 80%) of flats booked by them.
As for commercial properties, 6 malls are on the anvil, and would be ready by 2009. Forum will cover 1 million sq. ft. of space. Others are Lulu Mall, Aerens Gold Souk, Abad mall, Metro One, Mall O and Kalyan Mall. The Summit Mall will stretch vertically to 12 floors. Sources also reveal DLF’s plans for a hotel-cum-mall on Marine Drive.
Not known for any significant commercial or industrial activity in the past, the upward trend in real estate in Kochi is an indicator of a healthy and reviving economy.
http://www.indianrealtynews.com/real-estate-india/kochi-sees-spurt-in-real-estate-activity-2.html
Wednesday, February 27, 2008
COCHIN ( Kochi ) an E-Tourism Destination
Kochi (Cochin) is the cosmopolitan and the computer capital of Kerala, " The Land of Coconuts", so called because of her natural spendour. ( Cosmopolitan means a citizen of the Cosmos ). The Landing point for all visitors visiting this tiny state, this strategic center was a major center of trade & commerce with the Arabs, Chinese, Portuguese, Dutch and the British in the past.
Housing one of the finest natural harbors in the world, Kochi is strategically located on the East - West sea trade route from Europe to Australia.
The 15th Century saw the advent of the Europeans and Kochi's trade links with the Chinese and Arabs were said to be 2000 years old. Trade links with the Portuguese developed and Kochi soon became a Portuguese colony. Overthrowing the Portuguese, the Dutch arrived towards the end of the 15th century.
Kochi houses the main Stock Exchange of Kerala and she has undergone periods of colonization. She has been exposed to diverse cultures and different types of businesses. The city has Ayurveda, Heritage tourist centers and numerous water sports. Different varieties of merchandise are available to the shopper. Kochi is a major auction center for spices like cinnamon, pepper and cardamom, ginger, and tea.
More than 200000 tourists visit this city annually and her tourism industry has developed remarkably. There is still scope for further development in the tourism industry in Kochi because of her strategic location and the state-of-the-art facilities offered here. A reasonably warm weather characterises this Arabian Queen.
SAFE Optic Fibre Cable Project:
Kochi is the only Internet Gateway in South Asia because of the South Africa Far East (S A F E) Submarine Cable Project (length 28800 kms) for high Speed Net Access and Communications, giving state-of-the-art communication facilities. Like Bangalore, the Silicon Valley of Asia, Kochi has prospects for being the next IT Center in South Asia due to the SAFE Project and the abundant scientific & tech manpower available.
The SAFE project has enhanced the bandwidth for the mushrooming telecom, Net and Mutimedia traffic. Also improved are the security and availability of telecom links between Asia and Europe. With a major landing point in India at Kochi, SAFE Cable Project's other landing points are Cape Town ( South Africa ), Bay Jacote ( Mauritius ), Penang ( Malaysia ) and St Paul ( Reunion Island ).
The initial equipped capacity of the SAFE Project will be 80 GB expandable to 120-160 GB 1.5 Million hi-speed data channels (64K equivalent) and 12,000 (8MB) digital video channels. The Cable System has a capacity of 7.3 Million simultaneous telephone calls.
Kochi is adorned by a state-of-the-art Software Export Zone & a most modern Port. A major Container Port will be in operation after 3 years ( The Vallarpadam Container Terminal ). Compared to the infrastructure in other South Indian cities, the Infrastructure in existence here is modern & state-of-the-art.
The International Airport at Nedumbassery is connected to all parts of the world. Air India, Oman Air and Kuwait Airways, along with the domestic Indian Airlines operate here.
The opportunities for investing in the ICT sector and Tourism Industry are considerable as Kochi is the only Gateway in South Asia equipped with a sophisticated, speed telecom SAFE Cable Project, excellent infrastructure and a fairly well-developed Tourism Industry.
By implementing and commissioning its E-Tourism projects, we are committed to making Kochi "The Queen of the E-Tourism Industry". We seek active participation from you.
Contributing Writer : G Kumar, astrologer, writer and programmer of
www.eastrovedica.com He has 15 years research experience in Stock Market Astrology and in various other branches of Astrology. Recently he was awarded a Certificate by the Planetary Gemologists Association as a Planetary Gem Advisor.
http://www.contentwriter.in/articles/travel/kochi-etourism.htm
Housing one of the finest natural harbors in the world, Kochi is strategically located on the East - West sea trade route from Europe to Australia.
The 15th Century saw the advent of the Europeans and Kochi's trade links with the Chinese and Arabs were said to be 2000 years old. Trade links with the Portuguese developed and Kochi soon became a Portuguese colony. Overthrowing the Portuguese, the Dutch arrived towards the end of the 15th century.
Kochi houses the main Stock Exchange of Kerala and she has undergone periods of colonization. She has been exposed to diverse cultures and different types of businesses. The city has Ayurveda, Heritage tourist centers and numerous water sports. Different varieties of merchandise are available to the shopper. Kochi is a major auction center for spices like cinnamon, pepper and cardamom, ginger, and tea.
More than 200000 tourists visit this city annually and her tourism industry has developed remarkably. There is still scope for further development in the tourism industry in Kochi because of her strategic location and the state-of-the-art facilities offered here. A reasonably warm weather characterises this Arabian Queen.
SAFE Optic Fibre Cable Project:
Kochi is the only Internet Gateway in South Asia because of the South Africa Far East (S A F E) Submarine Cable Project (length 28800 kms) for high Speed Net Access and Communications, giving state-of-the-art communication facilities. Like Bangalore, the Silicon Valley of Asia, Kochi has prospects for being the next IT Center in South Asia due to the SAFE Project and the abundant scientific & tech manpower available.
The SAFE project has enhanced the bandwidth for the mushrooming telecom, Net and Mutimedia traffic. Also improved are the security and availability of telecom links between Asia and Europe. With a major landing point in India at Kochi, SAFE Cable Project's other landing points are Cape Town ( South Africa ), Bay Jacote ( Mauritius ), Penang ( Malaysia ) and St Paul ( Reunion Island ).
The initial equipped capacity of the SAFE Project will be 80 GB expandable to 120-160 GB 1.5 Million hi-speed data channels (64K equivalent) and 12,000 (8MB) digital video channels. The Cable System has a capacity of 7.3 Million simultaneous telephone calls.
Kochi is adorned by a state-of-the-art Software Export Zone & a most modern Port. A major Container Port will be in operation after 3 years ( The Vallarpadam Container Terminal ). Compared to the infrastructure in other South Indian cities, the Infrastructure in existence here is modern & state-of-the-art.
The International Airport at Nedumbassery is connected to all parts of the world. Air India, Oman Air and Kuwait Airways, along with the domestic Indian Airlines operate here.
The opportunities for investing in the ICT sector and Tourism Industry are considerable as Kochi is the only Gateway in South Asia equipped with a sophisticated, speed telecom SAFE Cable Project, excellent infrastructure and a fairly well-developed Tourism Industry.
By implementing and commissioning its E-Tourism projects, we are committed to making Kochi "The Queen of the E-Tourism Industry". We seek active participation from you.
Contributing Writer : G Kumar, astrologer, writer and programmer of
www.eastrovedica.com He has 15 years research experience in Stock Market Astrology and in various other branches of Astrology. Recently he was awarded a Certificate by the Planetary Gemologists Association as a Planetary Gem Advisor.
http://www.contentwriter.in/articles/travel/kochi-etourism.htm
Tuesday, February 26, 2008
FS2004 Cochin to Dubai B777 Emirates
Flight video
from Cochin international (VOCI:india) to Dubai international(OMDB:UAE)
B777-200ER Emirates Airlines
This is a simulated flight from Cochin,Kerala India to DUBAI in the UAE. Modern technology has been used to simulate this flight. Enjoy your HI TECH trip folks!!!!!
COCHIN(KOCHI) has emerged as a frontrunner in real estate business
KOCHI: The changes brought in by the Land Reforms Act in Kerala a few decades ago are back in focus of late. The real estate has become a hot topic for debate across the State. Kochi, the so-called commercial capital of Kerala, has emerged as a frontrunner in the real estate business. A number of large investment projects and the objections raised by various stakeholders here have given way to a new approach to the use of land in the State.
The State had a primary agrarian status, but farming activity had decayed over the years.
Today, the majority among the farming community is struggling to make both ends meet. About 75 per cent of the farmers in Kerala have additional sources of income, points out P.H. Kurien, a senior government official. How many people among the young generation would like to take farming as a profession, he asks, driving home the point that land should not be allowed to remain idle.
Arguing strongly for changes in the land reforms Act, Mr. Kurien said at a seminar in Kochi recently that a transparent policy was required for land use. Exemptions to land ceiling need to be provided in deserving cases, according to him.
Townships mooted
It is time to make maximum utility of the land. Houses situated amidst vast arable land contribute to wastage of land. Instead, townships should be constructed where the land wastage is minimum.
The ceiling of 15 acres, as per the Act, proves a hindrance to genuine projects initiated by individuals and groups. It is ironical that occupants of houses situated in large compounds need to pay less tax than flats which utilise common facilities, he points out. Mr. Kurien observes that Singapore, with about 100 sq km area lesser than that under the Greater Cochin Development Authority, is able to generate about 1,000 times the revenue generated by the latter, thanks to the optimum utilisation of land and adoption of appropriate income-generating schemes.
The National Textile Corporation had allowed sale of land by sick industry in Maharashtra, a step which helped textile industries to set up units which prospered, said N. Sreekumar, head of operations, Apollo Tyres, Kerala.
Despite inadequate infrastructure, top real estate companies have been heading towards Kochi, observes V. Suresh, former Managing Director, HUDCO. Real estate is one of the drivers of the economy, he says. The floor area ratio (FAR) needs to be increased for facilitating the setting up of more townships.
One of the key initiatives that led to the development of Hyderabad city was the removal of FAR restrictions, according to him.
http://www.hindu.com/2008/02/26/stories/2008022655781700.htm
The State had a primary agrarian status, but farming activity had decayed over the years.
Today, the majority among the farming community is struggling to make both ends meet. About 75 per cent of the farmers in Kerala have additional sources of income, points out P.H. Kurien, a senior government official. How many people among the young generation would like to take farming as a profession, he asks, driving home the point that land should not be allowed to remain idle.
Arguing strongly for changes in the land reforms Act, Mr. Kurien said at a seminar in Kochi recently that a transparent policy was required for land use. Exemptions to land ceiling need to be provided in deserving cases, according to him.
Townships mooted
It is time to make maximum utility of the land. Houses situated amidst vast arable land contribute to wastage of land. Instead, townships should be constructed where the land wastage is minimum.
The ceiling of 15 acres, as per the Act, proves a hindrance to genuine projects initiated by individuals and groups. It is ironical that occupants of houses situated in large compounds need to pay less tax than flats which utilise common facilities, he points out. Mr. Kurien observes that Singapore, with about 100 sq km area lesser than that under the Greater Cochin Development Authority, is able to generate about 1,000 times the revenue generated by the latter, thanks to the optimum utilisation of land and adoption of appropriate income-generating schemes.
The National Textile Corporation had allowed sale of land by sick industry in Maharashtra, a step which helped textile industries to set up units which prospered, said N. Sreekumar, head of operations, Apollo Tyres, Kerala.
Despite inadequate infrastructure, top real estate companies have been heading towards Kochi, observes V. Suresh, former Managing Director, HUDCO. Real estate is one of the drivers of the economy, he says. The floor area ratio (FAR) needs to be increased for facilitating the setting up of more townships.
One of the key initiatives that led to the development of Hyderabad city was the removal of FAR restrictions, according to him.
http://www.hindu.com/2008/02/26/stories/2008022655781700.htm
Israeli real estate developers ELBIT enters COCHIN'S real estate market with its COCHIN ISLAND project!!!
Real estate developer Elbit Medical Imaging is betting on India: Elbit subsidiary Plaza Centers will be investing $1.2 billion in 50 shopping and entertainment centers.Elbit is controlled by religious businessman Moti Zisser.
Cochin Island Project
The site is located on a back water island overlooking and a minute drive from the administrative, commercial and retail hub of the city of Cochin. The proposed project will be comprised of a high-end residential apartment buildings, office space, hotel complex, and a marina with a total built up area of approximately 800,000 square meters.Bangalore developer Salarpuria Group was partnering with the Israeli firm for the project that includes high class residential neighbourhoods with amenities like golf course, IT parks, five-star hotel, hospital and a major retail facility.
SOURCE FINANCIAL EXPRESS
Sunday, February 24, 2008
UAE-Kerala in Dh1.8bn Sky City COCHIN Plan
UAE officials are working with the Government of the Indian state of Kerala to develop a Dh1.8 billion Sky City project at the coastal city of Kochi. The proposal involves building an eight kilometre-long elevated highway above an existing 4.2km bridge that carries traffic over water.
The new road would be lined on both sides with 20,000 square metres of residential and commercial space.
Kochi is a booming commercial city in the southwest of the state flanked by the Arabian Sea on one side and hills on the other.
Sky City has been proposed as a solution to the city’s growing traffic congestion problems, which would not put pressure on the limited land resources in the area.
Three-storey apartments, shopping centres, leisure facilities and other amenities such as pedestrian paths and car parks would be built on the highway platform. There could also be helipads and marine transport.
“The UAE Government is currently studying the Sky City project in Kochi,” said Ashok Lal G, general manager of projects at the Kerala State Industrial Development Corporation.
“The project involves the construction of a bridge up to eight kilometres long over an existing bridge and will use the space above it to build shopping complexes, offices and residential buildings.
“There is an acute shortage of land in Kochi to develop new roads and people are reluctant to give up their land for road development.
“Last December, a UAE delegation led by Younis Al Khoori, secretary of the UAE Ministry of Finance and Industry, and other senior government officials visited Kerala to boost UAE investment.
During their visit it was announced a new investment company, a joint venture involving the governments of the seven emirates, would invest in Kerala projects.”
The UAE has experience of reclaiming space for construction through projects, such as Dubai’s Palms and the World and Abu Dhabi’s Breakwater and Al Raha Beach development.
“We are trying to use Dubai’s expertise in growth and infrastructure development. Part of Dubai is reclaimed from the sea and we are confident Dubai companies will be actively involved in the development of the 20m to 30m high bridge above the existing Maradu-Thevara bridge and the development of residential and commercial buildings.”
The official said the Kerala chief minister’s office had approved the Sky City proposal.
Once the feasibility study is completed a memorandum of understanding would be signed by the two governments setting out details of the project’s structure and financing.
“The Government of Kerala will have to grant rights to build over the existing bridge and the Coastal Zone Authority will have to approve the project.”
The proposed development would have supermarkets, community halls, entertainment centres, restaurants, hotels, garment and jewellery shops, car showrooms, offices and business centres.
The plan also involves provisions for amusement centres, healthcare facilities, water sports, an oceanarium and a theme park.
The state government is working with Tecom to develop Kochi SmartCity, an information technology infrastructure project.
http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=2748
Last Update at 11:28 pm on February 23, 2008
Thursday, February 21, 2008
Bangalore based Nitesh Estates building Wimbledon Gardens at Kakkanad,COCHIN
According to present plans, there is a 900,000 sq ft residential complex a
500,000 sq ft IT park and a 100,000 sq ft mall. These have been scaled up
later. The total built up space is over 2,000,000 sq ft.
http://www.niteshestates.com/niteshwimbledonpark.htm
Cochin Real Estate and Property Market Sizzling
As Cochin makes huge strides in the field of IT and Shipment, it is also experiencing a great improvement in its Real Estate sector. The Real Estate in Cochin is sizzling up. This is mainly owing to the rising demand from foreign and domestic customers. The city has many IT organizations. The IT jobs allow the middle class youngster to earn high income. As a result they buy a house quite early in life. This demand for real estate is also due to the starting up of many projects in the city which has attracted global attention. The investors across the world have identified this fact and have come forward to make investment in property while the prices are still within reach. The city has also attracted many firms seeking expansion. Many reputed organizations have to set up their base here. Some of the leading national real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Cochin. The investment they are planning in the financial and industrial capital of Kerala, during the last 6-8 months is over $2.5 billion. Prominent among the Middle East-based business groups that have forayed into Cochin are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. The city of Cochin is expanding to take in the outskirts. As the city prepares itself to become one of the leading ones in India, apartments and offices in the business districts and affluent areas are shooting up. The local municipal corporation has been making efforts at better planning and infrastructure and emphasizing on Cochin’s attractions including the marine drive. All of these should bring in much needed growth and influx of outside population which has been low so far. The city has many renowned builders and construction companies in its vicinity. The Cochin builders have the right resources and talent to get the work done on time. These builders work in tandem with the investors to ascertain their needs and desires to come up with a plan.
http://board.russwhitney.com/forum_posts.asp?TID=26090&get=last
Cochin Media City(CMC)
Cochin Media City(CMC) is a pioneering initiative, poised to be the region’s most comprehensive, cost effective and technically advanced services provider for the media, entertainment and communication industry.
Harnessing the best available technologies and platforming premium infrastructure, CMC is committed to facilitating a slew of world-class services for the media industry - the electronic media in particular, besides the burgeoning ITES sector.
CMC is a pioneering initiative, poised to be the region’s most comprehensive, cost effective and technically advanced services provider for the media, entertainment and communication industry.
Harnessing the best available technologies and platforming premium infrastructure, CMC is now busy crafting its advanced facilitation platforms for a vital slew of services for the media industry; the electronic media in particular.
CMC’s geographical reach, from its strategic location at Cochin in southern India extends to the rest of India, Asia, Middle East, Europe, and the US.
Yet, the CMC’s repertoire is not limited to being a global services provider. It covers a whole spectrum from world class media education facilities to unique event management concepts, to leveraging ITES, and much more.
Vision and Mission
CMC’s vision pivots a phased and realistic leveraging of the vast pool of talent, expertise and professional resources at its command, and its unique locational advantages. CMC aims to create an institution that would be south Asia’s best one-stop point offering comprehensive support services for the global media and entertainment industry, riding an unwavering growth curve.
Broadly, CMC’s vision is built on a carefully firmed and multi-pronged approach. Its many plan components are spaced out, updated and error proofed constantly to leave little to chance, from concept, to execution, to sustenance.
Advantages
Cochin, indisputably, has everything to be South Asia’s communication hub for the future. Its unique locational and infrastructural and advantages easily assure broadcasters a very simplified and highly cost-effective global distribution. CMC is strategically placed at a prime location in Cochin, to make the best of it. Consider some definite pluses:
The Connectivity advantage
VSNL's primary international gateway is just a stone’s throw away.
'SEA-ME-WE-3' and 'SAFE' submarine cable landings are adjacent.
Assured 15 GBPS bandwidth support
Ready OFC backbone connectivity offered by VSNL, BSNL, Reliance, Bharti
The HR advantage
High density of skilled science and technology personnel
Lowest employee attrition rate in the country - <5%
Readily employable trained professionals
A fully burdened cost of just $8 per hour (global average- $15)
Salaries - 1/5th of the international average
Operational costs - less than 50% compared to major other Indian cities.
Rentals lower by more than 60% in comparison to other cities
Power and water tariff among the lowest in the country
Services
Teleport & Technical services
Production House
Digital Cinema
Media School
Theme Festivals
Production studios
Information Technology Enabled Services (ITES)
Projects
A glipse of some of CMC’s current projects _ some on the anvil, others already off the block
Television transmission hub
Broadcast Engineering services
International Media School
Production & Post Studios
Production House
IT Enabled Services (ITES)
Theme Festivals
Animation Zone
Digital Cinema
http://www.cochinmediacity.com/index.html
Wednesday, February 20, 2008
NRI Interest Sets Kochi Real Estate on Fire
While a considerable number of Kerala residents dwell in foreign countries, real estate in Kochi has always been the subject of NRI interest. Of late, the surge created by influx of IT/ ITeS based companies in the property markets has also resulted in soaring property prices in Kochi.
A large number of employees are settling in the city and the demand has visibly impacted the capital prices and rental values of properties here. Nevertheless, the NRIs have no pangs over the same and property investment in Kochi is still their one of the favorite options, sources informed.
Demand pattern
According to the property dealers in Kochi, most of the NRIs look for sea-facing residential properties in the city. Perhaps, that's why localities around Marine Drive and MG Road are the most premium residential locations in the city.
However, the vacancy rates in these areas are at rock bottom and hardly any properties are available for the sale. Also, the markets experts feel that the prices are too high now and do not offer room for further growth from investment point of view.
Consequently, NRI investors have been reportedly taking interest in sub-urban locations like Kakkanad, Edappally, Kalamssery, Ankamali and Thripunithura.
Extensive construction activities are underway in these areas, and real estate majors like DLF, Puravankara, Sobha, Prestige, and Brigade Group have lined up their ambitious projects across these areas.
Given the demand for higher-end residential properties, international players too are eyeing the Kochi Property markets. Recently, Dubai-based Emaar Group has also launched its project in the city.
Of Property Values in Kochi
Given the boom in Indian real estate in the past couple of years, prices of apartments at Marine Drive shot up by almost 300 per cent from Rs 1,500-Rs 2,400 psft to Rs 5,000-Rs 7,000 psft, in the period between 2005 and 2007.
The capital values for apartments at the aforementioned suburban locations are in the range between Rs 1,500 and Rs 4,000 per sq. ft. (Source-MagicBricks.com).
http://ezinearticles.com/?NRI-Interest-Sets-Kochi-Real-Estate-on-Fire&id=798085
A large number of employees are settling in the city and the demand has visibly impacted the capital prices and rental values of properties here. Nevertheless, the NRIs have no pangs over the same and property investment in Kochi is still their one of the favorite options, sources informed.
Demand pattern
According to the property dealers in Kochi, most of the NRIs look for sea-facing residential properties in the city. Perhaps, that's why localities around Marine Drive and MG Road are the most premium residential locations in the city.
However, the vacancy rates in these areas are at rock bottom and hardly any properties are available for the sale. Also, the markets experts feel that the prices are too high now and do not offer room for further growth from investment point of view.
Consequently, NRI investors have been reportedly taking interest in sub-urban locations like Kakkanad, Edappally, Kalamssery, Ankamali and Thripunithura.
Extensive construction activities are underway in these areas, and real estate majors like DLF, Puravankara, Sobha, Prestige, and Brigade Group have lined up their ambitious projects across these areas.
Given the demand for higher-end residential properties, international players too are eyeing the Kochi Property markets. Recently, Dubai-based Emaar Group has also launched its project in the city.
Of Property Values in Kochi
Given the boom in Indian real estate in the past couple of years, prices of apartments at Marine Drive shot up by almost 300 per cent from Rs 1,500-Rs 2,400 psft to Rs 5,000-Rs 7,000 psft, in the period between 2005 and 2007.
The capital values for apartments at the aforementioned suburban locations are in the range between Rs 1,500 and Rs 4,000 per sq. ft. (Source-MagicBricks.com).
http://ezinearticles.com/?NRI-Interest-Sets-Kochi-Real-Estate-on-Fire&id=798085
Cochin Real Estate It is the fastest growing city and the real estate market in Cochin is booming today
Cochin Real Estate
2008-01-01 18:32:49 - The city of Cochin is also identified as 'Gateway to Kerala- and often known as 'Queen of Arabian Sea-. When compared to other Indian tourist places, Cochin is quite and cleaner. June to September is the rainy season and the average temperature is around 22 to 34 ° C. It is the fastest growing city and the real estate market in Cochin is booming today, flats near Cochin International Airport starts from 2.50 lakhs, there are hotels up to 4 star, beautiful villas and not to mention Panchakarma therapy centers. These could best of the few reasons why to own a property in Cochin! In fact for most of the people today, wealth remains in land and building. And with development of private real estate property ownership, it has become major business area for many.
Cochin is otherwise recognized as Kochi; a beautiful city located in the south west cost of India. This city is situated in the God's Own country of Kerala, with breathtaking sceneries of Arabian Sea, coconut trees and lovely boats. The city of Cochin is also identified as 'Gateway to Kerala- and often known as 'Queen of Arabian Sea-. When compared
to other Indian tourist places, Cochin is quite and cleaner. June to September is the rainy season and the average temperature is around 22 to 34 ° C. It is the fastest growing city and the real estate market in Cochin is booming today, flats near Cochin International Airport starts from 2.50 lakhs, there are hotels up to 4 star, beautiful villas and not to mention Panchakarma therapy centers. These could best of the few reasons why to own a property in Cochin! In fact for most of the people today, wealth remains in land and building. And with development of private real estate property ownership, it has become major business area for many.
When explored more you can come across great luxury apartments, plot for both residential and commercial uses, estates, sea and outstanding lake front properties and gorgeous farm houses. Cochin's residential market is appreciating 15 to 20 percent annually, fueled primarily by the outsourcing boom and this trend is likely to continue for upcoming years. Many commercial and residential properties across Cochin have been developed tremendously and they are all still in the process of development. In recent times, new IT and other companies are establishing their bases in Cochin and they require both residential and commercial spaces for their employees. Real estate investment in Cochin is now an attractive investment opportunity. New apartment units in Cochin is expected to reach around 100,000 in the next few years, hence this has encouraged many real estate developers across India to launch their projects in Cochin.
India growth story is associated mainly with metropolitan real estate sector and Cochin real estate had contributed a lot to the economy. The story has become established now and finally captured the mind of rest of the globe as well. The flow of money from Cochin real estate has prompted developers to get more organized themselves and become more apparent. Not only Indians, but Cochin real estate has attracted many foreigners as well for investment. However, buying a property is a huge step for anybody and need to be as cautions as possible. You can check out some of the real estate investment resources online for getting the best price of property in Cochin. There are yet various ways you can find best real estate property at affordable price. The most convenient is to go with city home loans. You can make cash flowing in to your account with Cochin real estate, even if you cannot afford to pay full amount, go with city home loans as that is the best financing option. The expansion time, which Cochin is going through these days, has well tagged the city among the most potential real estate spots as well.
http://www.pr-inside.com/cochin-real-estate-r367287.htm
2008-01-01 18:32:49 - The city of Cochin is also identified as 'Gateway to Kerala- and often known as 'Queen of Arabian Sea-. When compared to other Indian tourist places, Cochin is quite and cleaner. June to September is the rainy season and the average temperature is around 22 to 34 ° C. It is the fastest growing city and the real estate market in Cochin is booming today, flats near Cochin International Airport starts from 2.50 lakhs, there are hotels up to 4 star, beautiful villas and not to mention Panchakarma therapy centers. These could best of the few reasons why to own a property in Cochin! In fact for most of the people today, wealth remains in land and building. And with development of private real estate property ownership, it has become major business area for many.
Cochin is otherwise recognized as Kochi; a beautiful city located in the south west cost of India. This city is situated in the God's Own country of Kerala, with breathtaking sceneries of Arabian Sea, coconut trees and lovely boats. The city of Cochin is also identified as 'Gateway to Kerala- and often known as 'Queen of Arabian Sea-. When compared
to other Indian tourist places, Cochin is quite and cleaner. June to September is the rainy season and the average temperature is around 22 to 34 ° C. It is the fastest growing city and the real estate market in Cochin is booming today, flats near Cochin International Airport starts from 2.50 lakhs, there are hotels up to 4 star, beautiful villas and not to mention Panchakarma therapy centers. These could best of the few reasons why to own a property in Cochin! In fact for most of the people today, wealth remains in land and building. And with development of private real estate property ownership, it has become major business area for many.
When explored more you can come across great luxury apartments, plot for both residential and commercial uses, estates, sea and outstanding lake front properties and gorgeous farm houses. Cochin's residential market is appreciating 15 to 20 percent annually, fueled primarily by the outsourcing boom and this trend is likely to continue for upcoming years. Many commercial and residential properties across Cochin have been developed tremendously and they are all still in the process of development. In recent times, new IT and other companies are establishing their bases in Cochin and they require both residential and commercial spaces for their employees. Real estate investment in Cochin is now an attractive investment opportunity. New apartment units in Cochin is expected to reach around 100,000 in the next few years, hence this has encouraged many real estate developers across India to launch their projects in Cochin.
India growth story is associated mainly with metropolitan real estate sector and Cochin real estate had contributed a lot to the economy. The story has become established now and finally captured the mind of rest of the globe as well. The flow of money from Cochin real estate has prompted developers to get more organized themselves and become more apparent. Not only Indians, but Cochin real estate has attracted many foreigners as well for investment. However, buying a property is a huge step for anybody and need to be as cautions as possible. You can check out some of the real estate investment resources online for getting the best price of property in Cochin. There are yet various ways you can find best real estate property at affordable price. The most convenient is to go with city home loans. You can make cash flowing in to your account with Cochin real estate, even if you cannot afford to pay full amount, go with city home loans as that is the best financing option. The expansion time, which Cochin is going through these days, has well tagged the city among the most potential real estate spots as well.
http://www.pr-inside.com/cochin-real-estate-r367287.htm
Stone laid for Heera global city COCHIN
Heera Global city, Kakkanad
37 floors, 1200 apartment units
COCHIN(KOCHI)
The foundation stone for Heera global city was laid at Kakkanand on Saturday. The integrated project, one of the largest of its kind in the area, will see Heera offering the entire range of housing solutions — from villas to large scale projects to a customer base of more than 15,000 families, a press release said.
The ceremony was attended by Heera Group managing director A.R. Baby and general manager (projects) A.R. Nair.
Global City, a world within itself, is located opposite the upcoming Smart City project. Located on a sprawling six-acre plot, the 36-storey structure will have 464 apartments in the first phase with a dedicated 5-floor car parking area.
It is slated to be one of the tallest apartments in Kochi. The apartment is being built in compliance with Vaasthusashtra principles, a press release said.
http://www.hindu.com/2008/01/22/stories/2008012255631900.htm
A new frontier of investment
With a number of mega projects on the cards, the demand for adequate housing in Kochi is likely to grow manifold in recent future. The already announced projects like Smart City, Apparel Park, Container and LNG Terminal have escalated the prices of land and equally, the demand also has gone up.
In Kerala, as far as the real estate business is concerned, the notions are fast changing. Till the other day apartments and villas were well received in the market and to some great extent, they are still continuing to get good response. And if you still thought that that is the only persisting trend, then you are wide off the mark.
With everything and anything connected to the real estate having brightened up significantly, the craving for dwellings apart, people are also opting for land, in a big way. This is being considered, by many, as an emerging trend. And more and more investors are turning towards land to safely park their money.
Malayalees are a lot, who traditionally, had a strong penchant for landed property. In Kerala it was always considered a matter of pride to own vast areas of landed property. But, with a radical change in the social pattern of the state, the concept of joint families waned and sprawling lands of tharavads were either sold out or were compartmentalized with partition walls.
Reckonable aspects like great climate, serene surroundings, good communication network, easy accessibility, pollution free zones, lack of political unrest and better living standards in Kerala has transformed the state as one of the most sought after destinations in the country. Together with these supportive factors and an expanding market, Kerala has become an investor's choice, especially for those who are looking at large scale and long term investment.
As such, not only the builders but also the developers are also eyeing Kerala as a place with good growth potential. Prompted by these factors, almost all the major operators in the real estate business in the country have started full-fledged operations here. They are not only concentrating in raising luxury apartments, ultra-modern villas and resorts but also in procuring huge areas of land in various parts of the state.
"These days, even though there are ready takers for ready-made homes, an equal number of people are also looking at buying plots only because the value appreciation of plots are growing at an amazing speed", says Rekha Jacob of BCG Estates. BCG is perhaps one of the few builders who runs the concept of offering not only villas and apartments but also plots of land for buyers.
Be it the mist-laden hills of Munnar or along the banks of River Periyar or even the alluring backwaters of Kuttanad, the investors are venturing into even the remote corners of the state. Besides, plantations, especially the rubber, also have grabbed the attention of real estate developers and consultants. Finding the market very promising the number of people providing real consultancies have also proliferated much in the recent past. "Today literally everyone has become a real estate consultant especially in places like Kochi and you get really tired of calls at the end of the day", remarks a builder in Kochi.
The extensive waterfront is yet another trump card that puts Kochi in an advantageous position when compared to many other places in the state. "NRIs and foreigners are so fascinated by the enchanting beauty of Kerala's backwaters that, they are ready to pay even a higher premium for properties with a waterfront", reveals another prominent builder.
Today, the market is in such a good form that the plots in prime areas and upcoming residential colonies are getting sold like hot cakes. The land prices also have shot up even by three to four times in places like Kakkanad and Vennala. And still, the craving for buying a piece of land has not subsided with a Malayalee.
People who already own a house or a flat also consider buying a plot of land as a wise investment these days. With the housing finance companies having simplified the loan procedures, many feel that it is the apt time to invest in real estate. Many loan providers also have designed special schemes that allow aspirants to avail loan exclusively for buying land.
Most investors who opt for a plot of land do it with an expectation of assured returns in the long run. Investors feel that by putting their money in land, that too, in places like Kochi, the returns can be quite fascinating. The capital appreciation of land has gone up drastically in Kochi. Land developers feel that this is one important reason why the people are increasingly investing in plots in a big way.
Another important reason for growing demand for buying plots is that people are beginning to identify the advantages of community living and the concept of townships is catching on. Understanding this change in the attitude of customers, several builders have launched their own townships in and around Kochi.
With a number of mega projects on the cards, the demand for adequate housing in Kochi is likely to grow manifold in recent future. The already announced projects like Smart City, Apparel Park, Container and LNG Terminal have escalated the prices of land and equally, the demand also has gone up.
It's true that the invasion of the younger generation, especially those with enhanced earnings, into the housing scenario has contributed to the growth of the real estate sector. The concept of townships and the virtues of secured community living have caught their fancy in a big way. And because of all these reasons, the investors are no more skeptical and they are more sanguine that the value appreciation is bound to happen. In Kerala, needless to say, Kochi is leading the way both in terms of demand and supply.
http://www.hindu.com/2005/12/20/stories/2005122003140500.htm
AQUA City(ALWAYE)COCHIN A complete Metro City recreated on the Bank of Periyar River
The largest township in cochin in 17 acres with Apartments, Pool Villas, Villas & Sky Villas
Enjoy good life for here we have every thing you expect in a metro city. Places to dine and shop, to watch new movies, throw garden parties, and to stroll along on lazy evening through waterfront walkways…
Have fun with your kids in the wide open, join the heated debates with elders at the gazebo, or glide along with the silvery waves. Here the days are vibrant and the nights exciting.
Biggest project in Cochin
Water front city
City wide spread in 1 7 acres
65% out of 1 7 acres kept for recreation S greenery
Water body through out the city
Landscaped thick vegetation through out the city
Majestic entrance to city
15 mm wide road with fountains and palms
Food court
Large Space for Discotheque
Jogging tracks
Traditional lotus pond
Boat club with peddle boats
River side walkways
River side elder's lounge / gazebo
River side boat house restaurant
Spectacular open aquarium
Multiplex
Swimming pool [ladies &. gents]
Kid's pool
Multi gym
Club house
http://www.shwashomes.com/acuacity_project.html
JTL City - A Mega Township in Kochi, KERALA with Tourist Village & Herbal Garden
haven by the cosy blue waters of Tripunithura,Kochi is what we unfold this time of season.. At a 1 km stretch, away from the loud and noisy Tripunithura municipal bus-stand, is this 48.67 acres nature studded property, with crystal clear backwaters being its closest companion on three sides. This vast property, very adjacent to the proposed Kochi-Madurai National highway-KERALA, is an ideal locale houses,bungalows, resorts, apartments, corporate bodies etc..promoting a blissful atmosphere full of freedom with 5-12 mtrs wide well-tarred roads criss - crossing it and is easily accessible as it's merely a 6 kms drive from Vytilla,Kochi-KERALA.
We intend to build a Satellite Town ship with Tourist Village with all facilities like Shopping Malls, Multiplex Theaters, Clinics, Apartments/Flats, Waterfront Bungalows/Villas, Boat yard, Play ground, Kinder Garden, Swimming Pools, Club House, etc.. wherein all extra-curricular luxuries like fishing,angling, boating, & water sports are provided making this project Kerala's one of the most renouned residential avenues. A glimpse of the glorious mega township project
There will be total 35 water front villas/bungalows with independent boat jetty & 5-20 cents individual house plots with 5-8 Mts. well connected Tar road.
The JTL City Township project will have the following features:
Customised waterfront villas of your choice.
Exclusive recreation Zone & Club House.
Green Landscaped Garden
Health Club
Family Restaurant
Swimming Pools.
Shopping Complexes
Convention Centers
Apartments/Flats Complexes
Yacht Club
Play ground
Kinder Garden.
Church
All extra-curricular luxuries like fishing, boating, House Boats & water & adventure sports
http://www.jtlcity.com/jtlcity.htm
Sobha City World-Class Township in Thrissur(COCHIN) KERALA
Project Details
Sobha Developers launched its first integrated township “ Sobha City ” in Thrissur, Kerala on 13th May 2007 .
This will be developed in 55 acres of land with a developable area of over 3.50 million SFT.
This integrated town ship will have Super Luxury Apartments, Villas, Shopping Mall, Office Complexes, Hotel, Multiplex, and Convention Centre with Multi Speciality Hospital , located on the Thrissur – Guruvayoor highway.
This project is expected to be completed over a period of five years.
A man made lake, covering 6.5 acres with a long walkway around the lake is one of the features of the project.
Truly a global city
Restaurants and Food Courts
Luxury Business Hotel and Spa
Club house
Gymnasium
Convention Center and Offices
http://www.sobhadevelopers.com/projects/city/index.html
Thrissur, Kerala’s cultural capital has been selected for the setting up of a township by Sobha Developers at a cost of Rs. 850 crore.
Often referred to as the golden capital, dealing in almost Rs. 700 crore worth of gold every year, Thrissur is a cash rich city, with a large concentration of NRIs To capitalise on the NRI wealth, Sobha City will be built on a 55 acre township, covering 3 million sq. ft around a 6.4 acre man-made lake, with 78% and 22% of area devoted to residential and commercial spaces.
The high-end customer is the target of the Sobha City, with residential properties ranging from Rs. 2 crore for a villa to Rs. 67-85 lakh for a 3-4 BHK apartment. 25 exclusive villas would be built with 640 apartments.
Sobha Developers chose Thrissur over Kochi for this project to avail of the price advantage and the NRI strength of the city. Located on the Guruvayoor highway, the project will bring a world-class lifestyle to this "global city" when it is completed in 5 years.
http://www.nrirealtynews.com/stories/may07/world-class-township-thrissur-kerala.php
Monday, February 18, 2008
Smart Village(COCHIN) Malayalee Realtors India Pvt. Limited (Maa), a leading property company promoted by prominent NRIs from the Gulf and the US
NRIs launch Smart Village in Kochi
Source: www.khaleejtimes.com
DUBAI — Malayalee Realtors India Pvt. Limited (Maa), a leading property company promoted by prominent NRIs from the Gulf and the US, is developing a state-of-the-art township in Kochi.Spread over 55 acres of prime land near Kochi International Airport and the Smart City project, the self-contained township — Smart Village — will feature 1,668 housing units, including luxury villas, row houses and apartment complexes in the first phase. The construction of this phase is to begin next month, said B. Sreekumar, a director of the company, who is based in Dubai."In the second phase of the project, which is on the drawing board, Maa proposes to construct healthcare, educational and technology complexes, in addition 10 acres of Ayurvedic herbal garden in line with the company's vision to provide quality living units and modern infrastructure in an eco-friendly setting," Sreekumar said.Sabu Karikkassery, Chairman of Maa said his company is pondering a joint venture with foreign investment companies to develop and promote the township. The second phase will focus on buildings suitable to the IT industry.He said Kochi's property sector is poised to sustain the current vibrancy and growth given the predicted population growth and economic developments. By 2011, the city's cosmopolitan population is projected to grow seven per cent. "Apart from the Smart City project, which promises to transform the city dramatically, the city has several other mega projects under way including the container transshipment terminal being developed by Dubai Ports World, Sobha Hi-Tech City in Maradu.He said real estate prices have gone up by 25 per cent over the past one year. The increasingly high cost of property in the city is driving many buyers to the suburbs. "With city becoming more and more congested with heavy traffic movement, deamnd for proeprties on the city outskirts is on the upswing," a property analyst said.The first phase of the Smart Village was launched in 2006 by former Maharaja of Travancore, Uthradom Thirunal Marthanda Varma.The promoters of the company, which is committed to facilitating quality living and infrastructure development, mostly comprise members of World Malayalee Council, said Karikkassery.
http://dubaiseeker.com/forums/991-nris-launch-smart-village-kochi.html
Source: www.khaleejtimes.com
DUBAI — Malayalee Realtors India Pvt. Limited (Maa), a leading property company promoted by prominent NRIs from the Gulf and the US, is developing a state-of-the-art township in Kochi.Spread over 55 acres of prime land near Kochi International Airport and the Smart City project, the self-contained township — Smart Village — will feature 1,668 housing units, including luxury villas, row houses and apartment complexes in the first phase. The construction of this phase is to begin next month, said B. Sreekumar, a director of the company, who is based in Dubai."In the second phase of the project, which is on the drawing board, Maa proposes to construct healthcare, educational and technology complexes, in addition 10 acres of Ayurvedic herbal garden in line with the company's vision to provide quality living units and modern infrastructure in an eco-friendly setting," Sreekumar said.Sabu Karikkassery, Chairman of Maa said his company is pondering a joint venture with foreign investment companies to develop and promote the township. The second phase will focus on buildings suitable to the IT industry.He said Kochi's property sector is poised to sustain the current vibrancy and growth given the predicted population growth and economic developments. By 2011, the city's cosmopolitan population is projected to grow seven per cent. "Apart from the Smart City project, which promises to transform the city dramatically, the city has several other mega projects under way including the container transshipment terminal being developed by Dubai Ports World, Sobha Hi-Tech City in Maradu.He said real estate prices have gone up by 25 per cent over the past one year. The increasingly high cost of property in the city is driving many buyers to the suburbs. "With city becoming more and more congested with heavy traffic movement, deamnd for proeprties on the city outskirts is on the upswing," a property analyst said.The first phase of the Smart Village was launched in 2006 by former Maharaja of Travancore, Uthradom Thirunal Marthanda Varma.The promoters of the company, which is committed to facilitating quality living and infrastructure development, mostly comprise members of World Malayalee Council, said Karikkassery.
http://dubaiseeker.com/forums/991-nris-launch-smart-village-kochi.html
COCHIN(KOCHI) A Lucrative Destination for India and Abroad
The industrial capital of Kerala, Kochi is attracting a lot of NRI’s. The city offers grand investment opportunities for real estate and immense number of NRI’s are interested to buy homes in Kochi. One of the major contributors in the city’s fast growth is the increasing number of IT jobs.
Not only this, real estate developers from within the country and abroad see Kochi as the new investment hot spot. The city has attracted not only real estate developers from the country but also from the Middle East. Realty biggies like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have made a cumulative investment of over $2.5 billion in Kochi, the industrial capital of Kerala.
The most reliable names from the Middle East-based business groups that have ventured into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains.
Kochi has witnessed a price hike of around 60% in 2007 in the real estate sector. In the last six months, half-a-dozen developers have announced their plans to enter Kochi; many have already acquired huge parcels of land. “Property development and real estate activities have overshadowed the state’s booming tourism sector. This boom witnessed the emergence of many developers and projects,” an industry observer and a former builder said.
http://www.indianrealtynews.com/real-estate-developers/kochi-a-lucrative-destination-for-india-and-abroad.html
Not only this, real estate developers from within the country and abroad see Kochi as the new investment hot spot. The city has attracted not only real estate developers from the country but also from the Middle East. Realty biggies like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have made a cumulative investment of over $2.5 billion in Kochi, the industrial capital of Kerala.
The most reliable names from the Middle East-based business groups that have ventured into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains.
Kochi has witnessed a price hike of around 60% in 2007 in the real estate sector. In the last six months, half-a-dozen developers have announced their plans to enter Kochi; many have already acquired huge parcels of land. “Property development and real estate activities have overshadowed the state’s booming tourism sector. This boom witnessed the emergence of many developers and projects,” an industry observer and a former builder said.
http://www.indianrealtynews.com/real-estate-developers/kochi-a-lucrative-destination-for-india-and-abroad.html
Infrastructure majors flock to Kerala city(COCHIN)
By Ashraf Padanna
KOCHI:
Kerala's port city Kochi is becoming the new destination for infrastructure majors both from India and the Gulf.Two years ago, the Dubai Internet City signed a memorandum of understanding with the state government to develop the Rs15bn SmartCity, a self-sustained township for knowledge-based industries.Thought the project is yet to takeoff, thanks to the governments failure to handover the designated 256 acres of land, a slew of infrastructure majors announced their Kochi plans similar to SmartCity. At least Rs150bn is projected to be pumped into the real estate market here within the next three to five years.Housing Development Infrastructure Limited (HDIL) is the latest to join the bandwagon offering similar township offering spaces for office, living, education, shopping and leisure.Chief Minister V S Achuthanandan will lay foundation stone for HDILs Rs40bn Cyber City which is projected to create 7.9mn sq ft built-up space in 70 acres and 60,000 new jobs within the next four years. HDIL has purchased 70 acres from the government-owned Hindustan Machine Tools at Kalamassery to build the facility.The biggest of the projects is the 500-acre Hi-Tech City of the Sobha Group headed by P N C Menon, a Oman-based Malayali businessman.Work on the Rs50bn project, which claims will create 75,000 direct jobs and seven million sq ft of developed space for research, trade and development in information technology, bio-technology, electronic hardware and other knowledge-based services is fast progressing.Menon also set a record by offering some 100 quality apartments to those displaced by the project.Besides Emaar MGF, the Indian arm of the Dubai-based construction major, other prominent investors from the Gulf are the KGA Group of Kuwait, the EMKE Group of Abu Dhabi and Indroyal.Property prices have shot by around 60% from the last year.“Kochi is fast becoming the preferred destination for high-paid executives and NRIs, said K Arun Kumar, managing director, Mir Realtors.
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=196531&version=1&template_id=40&parent_id=22
KOCHI:
Kerala's port city Kochi is becoming the new destination for infrastructure majors both from India and the Gulf.Two years ago, the Dubai Internet City signed a memorandum of understanding with the state government to develop the Rs15bn SmartCity, a self-sustained township for knowledge-based industries.Thought the project is yet to takeoff, thanks to the governments failure to handover the designated 256 acres of land, a slew of infrastructure majors announced their Kochi plans similar to SmartCity. At least Rs150bn is projected to be pumped into the real estate market here within the next three to five years.Housing Development Infrastructure Limited (HDIL) is the latest to join the bandwagon offering similar township offering spaces for office, living, education, shopping and leisure.Chief Minister V S Achuthanandan will lay foundation stone for HDILs Rs40bn Cyber City which is projected to create 7.9mn sq ft built-up space in 70 acres and 60,000 new jobs within the next four years. HDIL has purchased 70 acres from the government-owned Hindustan Machine Tools at Kalamassery to build the facility.The biggest of the projects is the 500-acre Hi-Tech City of the Sobha Group headed by P N C Menon, a Oman-based Malayali businessman.Work on the Rs50bn project, which claims will create 75,000 direct jobs and seven million sq ft of developed space for research, trade and development in information technology, bio-technology, electronic hardware and other knowledge-based services is fast progressing.Menon also set a record by offering some 100 quality apartments to those displaced by the project.Besides Emaar MGF, the Indian arm of the Dubai-based construction major, other prominent investors from the Gulf are the KGA Group of Kuwait, the EMKE Group of Abu Dhabi and Indroyal.Property prices have shot by around 60% from the last year.“Kochi is fast becoming the preferred destination for high-paid executives and NRIs, said K Arun Kumar, managing director, Mir Realtors.
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=196531&version=1&template_id=40&parent_id=22
Saturday, February 16, 2008
COCHIN(KOCHI) Hot new destination for REAL ESTATE GIANTS
The industrial capital of Kerala, Kochi is attracting a lot of NRI’s. The city offers grand investment opportunities for real estate and immense number of NRI’s are interested to buy homes in Kochi. One of the major contributors in the city’s fast growth is the increasing number of IT jobs.
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. Commercially, the city is growing with tourism and international trade. The IT industry is establishing a sound base here, and the demand for office spaces, hotels and retail outlets is increasing and Kochi has become a new realty hotspot.
Leading real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Kochi, the financial and industrial capital of Kerala, during the last 6-8 months with a cumulative investment of over $2.5 billion.
Prominent among the Middle East-based business groups that have forayed into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains.
Dubai Internet City has picked up Kochi to set up a Smart City project, and IT and media hub. The initial investment for the Smart City, being executed by the DIC management will be over $400 million. The Smart City would come up in a vast, 1,000 acres of land on the outskirts of Kochi.
Property prices in the city have appreciated by around 60% in 2007. During the past six months, half-a-dozen developers have announced their plans to enter Kochi and many have already acquired huge parcels of land.
An industry observer and a former builder said, “Property development and real estate activities have overshadowed the state’s booming tourism sector. This boom witnessed the emergence of many developers and projects”.
Not known for any significant commercial or industrial activity in the past, the upward trend in real estate in Kochi is an indicator of a healthy and reviving economy.
http://propertybytes.com/?p=1845
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. Commercially, the city is growing with tourism and international trade. The IT industry is establishing a sound base here, and the demand for office spaces, hotels and retail outlets is increasing and Kochi has become a new realty hotspot.
Leading real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Kochi, the financial and industrial capital of Kerala, during the last 6-8 months with a cumulative investment of over $2.5 billion.
Prominent among the Middle East-based business groups that have forayed into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains.
Dubai Internet City has picked up Kochi to set up a Smart City project, and IT and media hub. The initial investment for the Smart City, being executed by the DIC management will be over $400 million. The Smart City would come up in a vast, 1,000 acres of land on the outskirts of Kochi.
Property prices in the city have appreciated by around 60% in 2007. During the past six months, half-a-dozen developers have announced their plans to enter Kochi and many have already acquired huge parcels of land.
An industry observer and a former builder said, “Property development and real estate activities have overshadowed the state’s booming tourism sector. This boom witnessed the emergence of many developers and projects”.
Not known for any significant commercial or industrial activity in the past, the upward trend in real estate in Kochi is an indicator of a healthy and reviving economy.
http://propertybytes.com/?p=1845
COCHIN(KOCHI) IS THE NEW REALITY HOTSPOT
The queen of the Arabian Sea is now a hot destination for real estate giants. What is unique to Kochi is, the city has attracted almost every domestic property developer worth its salt, and a slew of foreign companies, mostly from the Middle East.
Leading real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Kochi, the financial and industrial capital of Kerala, during the last 6-8 months with a cumulative investment of over $2.5 billion.
Prominent among the Middle East-based business groups that have forayed into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains.
Property prices in the city have appreciated by around 60% in 2007. During the past six months, half-a-dozen developers have announced their plans to enter Kochi; many have already acquired huge parcels of land. “Property development and real estate activities have overshadowed the state’s booming tourism sector. This boom witnessed the emergence of many developers and projects,” an industry observer and a former builder said.
Recently, HDIL purchased a 70-acre plot from the government-owned HMT and announced its plans to set up an IT park at Kalamassery, near Kochi.
HDIL is also setting up a Cybercity in the HMT land, which will have IT space, hospitality, retail and entertainment projects. The total investment in the project is estimated to be around Rs 2,000 crore.
According to Kerala Builders Forum chairman George E George: “Till a decade ago, real estate activity of each city was driven by local builders.” The bigger players acquired the financial muscle to launch multi-city operations after they raised resources through public issue route. “Even then, many of them missed the bus in Bangalore and Chennai as the rates peaked before their entry,” he said. “I think they have spotted the opportunity in Kochi and are moving in early,” he added.
Sobha Developers is setting up the largest township in Maradu, Kochi, called the Sobha Hitech City. Maradu is a high-potential suburb of Kochi with commercial projects, 5-star hotels, shopping malls and IT projects. The total investment in the project is estimated at around Rs 5,000 crore.
Nitesh Shetty, CMD of Bangalore-based real estate firm Nitesh Estates, said the Kochi skyline has changed dramatically over the last few years and today it is one of the fastest growing cities in the country. “The city offers grand investment opportunities for real estate mainly due to reasons such as large NRI population who want to buy homes in Kochi and increasing IT jobs in the city,” he said. His company recently acquired around 5 acres of land in Kakkanad near Kochi.
Similarly, in 2006, India’s real estate giant DLF purchased 3.78 acres in Kochi from the state government for Rs 78 crore. The DLF Group is planning to build a shopping mall, a multiplex and a 250-room deluxe hotel in Kochi.
“Cochin is poised for a quantum leap. The commissioning of Vallarpadom international container tenninal and numerous IT parks will make Kochi the preferred destination for highly-paid executives,” a senior HDL official said.
Source: The Economic Times
http://propertybytes.com/?p=1825
Leading real estate developers like DLF, Sobha Developers, Ansals, Purvankara, Confident Group, Oceanus, Unitech, Nitesh Estates, Housing Development and Infrastructure (HDIL), Prestige Group, Emaar MGF and Parsvanath Developers have all descended upon Kochi, the financial and industrial capital of Kerala, during the last 6-8 months with a cumulative investment of over $2.5 billion.
Prominent among the Middle East-based business groups that have forayed into Kochi are KGA Group of Kuwait, EMKE Group of Abu Dhabi and Indroyal. Some of them are also investing in the hospitality sector to set up luxury hotels chains.
Property prices in the city have appreciated by around 60% in 2007. During the past six months, half-a-dozen developers have announced their plans to enter Kochi; many have already acquired huge parcels of land. “Property development and real estate activities have overshadowed the state’s booming tourism sector. This boom witnessed the emergence of many developers and projects,” an industry observer and a former builder said.
Recently, HDIL purchased a 70-acre plot from the government-owned HMT and announced its plans to set up an IT park at Kalamassery, near Kochi.
HDIL is also setting up a Cybercity in the HMT land, which will have IT space, hospitality, retail and entertainment projects. The total investment in the project is estimated to be around Rs 2,000 crore.
According to Kerala Builders Forum chairman George E George: “Till a decade ago, real estate activity of each city was driven by local builders.” The bigger players acquired the financial muscle to launch multi-city operations after they raised resources through public issue route. “Even then, many of them missed the bus in Bangalore and Chennai as the rates peaked before their entry,” he said. “I think they have spotted the opportunity in Kochi and are moving in early,” he added.
Sobha Developers is setting up the largest township in Maradu, Kochi, called the Sobha Hitech City. Maradu is a high-potential suburb of Kochi with commercial projects, 5-star hotels, shopping malls and IT projects. The total investment in the project is estimated at around Rs 5,000 crore.
Nitesh Shetty, CMD of Bangalore-based real estate firm Nitesh Estates, said the Kochi skyline has changed dramatically over the last few years and today it is one of the fastest growing cities in the country. “The city offers grand investment opportunities for real estate mainly due to reasons such as large NRI population who want to buy homes in Kochi and increasing IT jobs in the city,” he said. His company recently acquired around 5 acres of land in Kakkanad near Kochi.
Similarly, in 2006, India’s real estate giant DLF purchased 3.78 acres in Kochi from the state government for Rs 78 crore. The DLF Group is planning to build a shopping mall, a multiplex and a 250-room deluxe hotel in Kochi.
“Cochin is poised for a quantum leap. The commissioning of Vallarpadom international container tenninal and numerous IT parks will make Kochi the preferred destination for highly-paid executives,” a senior HDL official said.
Source: The Economic Times
http://propertybytes.com/?p=1825
The Bangalore-based Sobha Developers Ltd is setting up a Rs 5,000-crore hi-tech city project in Kochi
The Bangalore-based Sobha Developers Ltd is setting up a Rs 5,000-crore hi-tech city project in Kochi to create an integrated city of world class standards with a focus on R&D, knowledge dissemination, electronics, IT and pure and applied sciences.
A memorandum of understanding in this regard will be signed between Mr J.C.Sharma, Managing Director, Sobha Developers, and Mr T. Balakrishnan, Principal Secretary, State Industries Department in the presence of Sobha Group Chairman, Mr P.N.C.Menon, and the Industries Minister, Mr Elamaram Kareem, at Thiruvananthapuram on Monday.
PPP INITIATIVE
Initiated by the Department of Industries and Commerce, the MoU seeks to reinforce the PPP (public private partnership) initiative by the Kerala Government to bring the highest-ever investment in the State, Mr P. Ramakrishnan, Regional Director (Kerala), Sobha Developers Ltd, said at a press meet here on Saturday.
The project, which will be developed in 8 years, will come up in Maradu near Kochi in an area of around 400 acres. It will include a 7 million sq ft knowledge park, retail shopping malls and avenues, hotels, resorts and other leisure facilities, residential complexes and all related infrastructure including a marina.
Source: The Hindu Business Line
http://propertybytes.com/?tag=kochi
A new hi-tech city on the anvil
Sobha Developers has signed a memorandum of understanding with the Kerala Government to build a Rs.5,000-crore hi-tech city in Kochi. The Sobha Group will develop an area of 400 acres under the brand name ‘Sobha Hi-Tech City’ and the Government has agreed to bring the project under single window clearance through which the Government will play the role of a facilitator for the implementation of the project.
The memorandum of understanding was signed on August 20 in Thiruvananthapuram. As per the agreement, the Government will also facilitate provisions for necessary utilities such as electricity, gas, water, sewerage system, communication, etc. Sobha Hi-Tech City will be an integrated city of world-class standards with focus on research and development, knowledge dissemination, information technology and pure and applied sciences.
The high-tech city will be located close to National Highway 47 bypass near Maradu in Kochi. It will have 7 million square foot of knowledge park, commercial space to provide business-friendly ambience within the city, hospitality and leisure projects, entertainment and amusement facilities, a marina of international standards and residential complexes with world-class amenities to provide work-life balance.
The Sobha Group will construct 30-meter-wide and 545-meter-long road connecting the existing main road to the Hi-Tech City. When completed, the Sobha Hi-Tech City would generate 75,000 direct jobs.
The project has been designed by a team of in-house architects at Sobha.
The project is expected to be complete in eight years depending on factors such as approvals and availability of materials, workmen etc.
The Chairman of the Sobha Group welcomed the Kerala Government’s support for the project expressed confidence that the hi-tech city would fulfil the aspirations of the people.
The project is expected to generate substantial employment opportunities apart from attracting fresh investments.
http://www.hindu.com/pp/2007/08/25/stories/2007082550360200.htm
A memorandum of understanding in this regard will be signed between Mr J.C.Sharma, Managing Director, Sobha Developers, and Mr T. Balakrishnan, Principal Secretary, State Industries Department in the presence of Sobha Group Chairman, Mr P.N.C.Menon, and the Industries Minister, Mr Elamaram Kareem, at Thiruvananthapuram on Monday.
PPP INITIATIVE
Initiated by the Department of Industries and Commerce, the MoU seeks to reinforce the PPP (public private partnership) initiative by the Kerala Government to bring the highest-ever investment in the State, Mr P. Ramakrishnan, Regional Director (Kerala), Sobha Developers Ltd, said at a press meet here on Saturday.
The project, which will be developed in 8 years, will come up in Maradu near Kochi in an area of around 400 acres. It will include a 7 million sq ft knowledge park, retail shopping malls and avenues, hotels, resorts and other leisure facilities, residential complexes and all related infrastructure including a marina.
Source: The Hindu Business Line
http://propertybytes.com/?tag=kochi
A new hi-tech city on the anvil
Sobha Developers has signed a memorandum of understanding with the Kerala Government to build a Rs.5,000-crore hi-tech city in Kochi. The Sobha Group will develop an area of 400 acres under the brand name ‘Sobha Hi-Tech City’ and the Government has agreed to bring the project under single window clearance through which the Government will play the role of a facilitator for the implementation of the project.
The memorandum of understanding was signed on August 20 in Thiruvananthapuram. As per the agreement, the Government will also facilitate provisions for necessary utilities such as electricity, gas, water, sewerage system, communication, etc. Sobha Hi-Tech City will be an integrated city of world-class standards with focus on research and development, knowledge dissemination, information technology and pure and applied sciences.
The high-tech city will be located close to National Highway 47 bypass near Maradu in Kochi. It will have 7 million square foot of knowledge park, commercial space to provide business-friendly ambience within the city, hospitality and leisure projects, entertainment and amusement facilities, a marina of international standards and residential complexes with world-class amenities to provide work-life balance.
The Sobha Group will construct 30-meter-wide and 545-meter-long road connecting the existing main road to the Hi-Tech City. When completed, the Sobha Hi-Tech City would generate 75,000 direct jobs.
The project has been designed by a team of in-house architects at Sobha.
The project is expected to be complete in eight years depending on factors such as approvals and availability of materials, workmen etc.
The Chairman of the Sobha Group welcomed the Kerala Government’s support for the project expressed confidence that the hi-tech city would fulfil the aspirations of the people.
The project is expected to generate substantial employment opportunities apart from attracting fresh investments.
http://www.hindu.com/pp/2007/08/25/stories/2007082550360200.htm
Tuesday, February 12, 2008
UST Global Expands Operations with a New Office in Kochi, India
CIO Magazine Writes "Bangalore is out. Kochi is in."
ALISO VIEJO, Calif. -- UST Global(SM), a leading provider of IT services and Business Process Outsourcing (BPO) solutions for Global 2000 enterprises, announced today that it opened a new office in Kochi, Kerala to further expand its Indian operations. The company's strategic focus on Tier 2 cities and the announcement of its new office in Kochi appears timely. CIO Magazine writes "Bangalore is out. Kochi is in." in a November 5, 2007 online article titled Outsourcing to Bangalore?The new 24,000 square foot development center at the Kochi Business Centre in InfoPark will offer IT, infrastructure management and business process outsourcing services. It will initially accommodate 250 people and up to 2,000 people when fully staffed. The company is committed to strengthening its operations in the Kerala region and cited four reasons why the area is ideally suited for IT service expansion: "For IT service providers such as UST Global that are in a growth mode, there are a multitude of cities in India in which to choose from. Yet with so many cities plagued by limited bandwidth, we consciously avoid those areas and instead choose cities that will support our, and our clients', best interests," said Sajan Pillai, president and COO, UST Global. "Kochi is one of three cities in India that is a hub for the undersea cable, which gives UST Global better connectivity and less competition for that bandwidth. This location aligns well with our client-centric Global Engagement Model by helping us expand our services in an economically viable way for our clients." InfoPark, an information technology park promoted by the government, is situated in a 100-acre campus. The new UST Global office is located on the first floor of the new Vismaya building which has an intelligent building management system, multi-cuisine food vendors, health club, medical facilities, travel desk, ATMs and covered parking. The new Kochi office is located at: 1st Floor, Vismaya Building
Infopark, Kusumagiri PO
Kakanad, Kochi- 682030
Phone: +91 484.404.0000
About UST Global UST Global(SM) is a leading provider of end-to-end IT services and BPO solutions for the Global 2000 market. UST Global offers a client-centric Global Engagement Model that provides the optimal mix of senior local resources with the cost, scale and quality advantages of offshore operations for each client. The company is known for its relentless focus on clients, flexibility, and commitment beyond contract. Headquartered in Aliso Viejo, California, UST Global has more than 5,000 employees worldwide and is certified globally as CMMI([R]) Level 5, P-CMM([R]) Level 5, and ISO 27001. For more information visit: www.ust-global.com.
http://www.allbusiness.com/technology/computing-information-technology-overview/5329378-1.html
ALISO VIEJO, Calif. -- UST Global(SM), a leading provider of IT services and Business Process Outsourcing (BPO) solutions for Global 2000 enterprises, announced today that it opened a new office in Kochi, Kerala to further expand its Indian operations. The company's strategic focus on Tier 2 cities and the announcement of its new office in Kochi appears timely. CIO Magazine writes "Bangalore is out. Kochi is in." in a November 5, 2007 online article titled Outsourcing to Bangalore?The new 24,000 square foot development center at the Kochi Business Centre in InfoPark will offer IT, infrastructure management and business process outsourcing services. It will initially accommodate 250 people and up to 2,000 people when fully staffed. The company is committed to strengthening its operations in the Kerala region and cited four reasons why the area is ideally suited for IT service expansion: "For IT service providers such as UST Global that are in a growth mode, there are a multitude of cities in India in which to choose from. Yet with so many cities plagued by limited bandwidth, we consciously avoid those areas and instead choose cities that will support our, and our clients', best interests," said Sajan Pillai, president and COO, UST Global. "Kochi is one of three cities in India that is a hub for the undersea cable, which gives UST Global better connectivity and less competition for that bandwidth. This location aligns well with our client-centric Global Engagement Model by helping us expand our services in an economically viable way for our clients." InfoPark, an information technology park promoted by the government, is situated in a 100-acre campus. The new UST Global office is located on the first floor of the new Vismaya building which has an intelligent building management system, multi-cuisine food vendors, health club, medical facilities, travel desk, ATMs and covered parking. The new Kochi office is located at: 1st Floor, Vismaya Building
Infopark, Kusumagiri PO
Kakanad, Kochi- 682030
Phone: +91 484.404.0000
About UST Global UST Global(SM) is a leading provider of end-to-end IT services and BPO solutions for the Global 2000 market. UST Global offers a client-centric Global Engagement Model that provides the optimal mix of senior local resources with the cost, scale and quality advantages of offshore operations for each client. The company is known for its relentless focus on clients, flexibility, and commitment beyond contract. Headquartered in Aliso Viejo, California, UST Global has more than 5,000 employees worldwide and is certified globally as CMMI([R]) Level 5, P-CMM([R]) Level 5, and ISO 27001. For more information visit: www.ust-global.com.
http://www.allbusiness.com/technology/computing-information-technology-overview/5329378-1.html
Saturday, February 9, 2008
California-based IT major Digital Liberty Group (DLG takes over Cochin(KOCHI) based IT Firm
Digital Liberty Group (DLG), Friday announced it taking over 55 percent stakes in the Kochi-based Comprehensive Software Solutions and Services (CS3).
DLG, one of the world's fastest growing companies, has diversified business interests across the globe and is operating in the fields of IT, real estate, hospitality, global investments and genetic engineering.
CS3 has been instrumental in providing high-end software solutions to leading utilities and vertical markets ever since its inception in 2002.
Announcing the takeover, O.K. Sanjit, chairman of DLG, said they have been pursuing global investment opportunities, especially in the emerging markets.
The company is committed to maintaining its active presence in the most vibrant markets such as India, China, Japan and the Gulf countries apart from the US, he added.
'We are strengthening our presence in the Indian IT sector with this takeover and many more will come in the next few months,' said Sanjit.
B. Vinoj, managing director, CS3, said this was an opportunity for CS3 and its customers to gain access to global quality software solutions and services.
'This will also provide CS3 workforce an opportunity to be part of global software initiatives, including prospect to work on live onsite projects,' said Vinoj.
Both DLG and CS3 are working towards consolidating the merger process and once it is through, CS3 will go in for a re-branding exercise targeted towards positing it as a DLG group company.
CS3 will also undergo a revamp by adding 150 top quality IT professionals.
http://www.indiaenews.com/business/20080208/96587.htm
DLG, one of the world's fastest growing companies, has diversified business interests across the globe and is operating in the fields of IT, real estate, hospitality, global investments and genetic engineering.
CS3 has been instrumental in providing high-end software solutions to leading utilities and vertical markets ever since its inception in 2002.
Announcing the takeover, O.K. Sanjit, chairman of DLG, said they have been pursuing global investment opportunities, especially in the emerging markets.
The company is committed to maintaining its active presence in the most vibrant markets such as India, China, Japan and the Gulf countries apart from the US, he added.
'We are strengthening our presence in the Indian IT sector with this takeover and many more will come in the next few months,' said Sanjit.
B. Vinoj, managing director, CS3, said this was an opportunity for CS3 and its customers to gain access to global quality software solutions and services.
'This will also provide CS3 workforce an opportunity to be part of global software initiatives, including prospect to work on live onsite projects,' said Vinoj.
Both DLG and CS3 are working towards consolidating the merger process and once it is through, CS3 will go in for a re-branding exercise targeted towards positing it as a DLG group company.
CS3 will also undergo a revamp by adding 150 top quality IT professionals.
http://www.indiaenews.com/business/20080208/96587.htm
Thursday, February 7, 2008
Kalamasserry(COCHIN) HDIL Cyber City Issue - Minister K.P Rajendran Interview
This IT project was under alot of controversy generated by the broadcat media. Controversies like this are nothing new in KERALA.Its just something that investors have to get used to. There is always a initial resistance after that they will embrace. Bad publicity is better than no publicity.
Rs.4,000 crores Cybercity planned at Kalamasserry(COCHIN)State’s first integrated information technology (IT) township
KOCHI, Kerala: Housing Development and Infrastructure Limited (HDIL), through its subsidiary Blue Star Realtors Private Limited, has announced plans to construct HDIL Cybercity at Kalamasserry here. This will spread across an area of 70 acres (which belonged to the public sector Hindustan Machine Tools ) and will be the State’s first integrated information technology (IT) township, having besides IT/ITES, residential apartments, villas, schools, shopping malls, multiplex, club house, service apartments and a star hotel.
The foundation stone will be laid by Chief Minister V.S. Achuthanandan on January 19. HDIL plans to invest Rs.4,000 crores in this project over a four-year period, said Rakesh Kumar Wadhawan, chairman. “By constructing HDIL Cybercity at Kalamasserry, HDIL proposes not only to create a world class IT hub in Kerala, but also to provide 60,000 direct and 1,50,000 indirect jobs at Kochi,” Mr. Wadhawan said. The Cybercity will have a built up area of 80 lakh sq. ft. It is the first flagship IT project of the company in Kochi. When completed, it will be the first and only integrated IT township in Kerala, claims a press release. The mega city of 70 acres will be developed into various zones of residential, IT, commercial, hotel, social and infrastructural amenities. The press note pointed out that Kochi has been ranked as the second most favoured IT & ITES destination by NASSCOM and is a bustling industrial centre with industries ranging from ship building to handicrafts and petro-chemical, and refining to spice trading. Some of the top IT companies have plans to set up campus in Kochi in the next three to five years. NASSCOM has projected about five lakh IT/ITES job opportunities in the State.
http://www.keralanext.com/news/?id=400252
The foundation stone will be laid by Chief Minister V.S. Achuthanandan on January 19. HDIL plans to invest Rs.4,000 crores in this project over a four-year period, said Rakesh Kumar Wadhawan, chairman. “By constructing HDIL Cybercity at Kalamasserry, HDIL proposes not only to create a world class IT hub in Kerala, but also to provide 60,000 direct and 1,50,000 indirect jobs at Kochi,” Mr. Wadhawan said. The Cybercity will have a built up area of 80 lakh sq. ft. It is the first flagship IT project of the company in Kochi. When completed, it will be the first and only integrated IT township in Kerala, claims a press release. The mega city of 70 acres will be developed into various zones of residential, IT, commercial, hotel, social and infrastructural amenities. The press note pointed out that Kochi has been ranked as the second most favoured IT & ITES destination by NASSCOM and is a bustling industrial centre with industries ranging from ship building to handicrafts and petro-chemical, and refining to spice trading. Some of the top IT companies have plans to set up campus in Kochi in the next three to five years. NASSCOM has projected about five lakh IT/ITES job opportunities in the State.
http://www.keralanext.com/news/?id=400252
Subscribe to:
Posts (Atom)