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
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