CIBER City Cochin India: COCHIN(KOCHI) IS THE NEW REALITY HOTSPOT

Cochin Infotech Broadcasting Electronics and Research City

A Mega City project for Cochin City should come somewhere between the muncipalities of North Parur and Kodungaloor.This is where there is alot of potential for future growth and expansion. The promoters of this project should be INKEL(a NRI funded PPP company) and CUSAT(university).It should preferably called CIBER CITY which stand for Cochin Infotech Broadcasting Electronics and Research City. In Ernakulam District it should include parts of Vypeen island(Munambam),Varapzha,Puthenvelikara,Chennamangalam,Chengamanad,Manjali,Kottuvaly etc. In Thrissur Dist. it should include the muncipalities of Mala,Azhikode,Eriyad,Karuvapadna,Thekkukara,Muringoor and Kodungalloor( the ancient port town of Muziris or Crangannore)Situated at the northern end of the Periyar River, about 50 km from Kochi, Kodungaloor has been the gateway for Christianity, Judaism and Islam in India.
Known as 'Muziris' in Western and West Asian maritime records since ancient times, Kodungalloor has also played a role in shaping Kerala's history and culture.The project envisaged a self-contained, hi-tech complex with its own comprehensive infrastructure, including power, expressways, telecom networks, desalination plants, biotech parks, special economic zones (SEZs), IT/Biotech parks, industrial parks, hospitals, educational institutions, hotels and amusement parks.

Saturday, February 16, 2008

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

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FIVE REASONS COCHIN IS INDIA'S HOTTEST IT DESTINATION

1.The Connectivity Advantage
100% of 988 telephone exchanges are digital 98% of telephone exchanges connected by OFC to the NIB Reliance, Bharti, Asianet laying own OFC backbones Highest telephone density - 7 per 100 - India's 2005 target 'SEA-ME-WE-3' and 'SAFE' submarine cable landings (1 0f the 2 states in India to have two submarine cable landings) 15 GBps bandwidth supported VSNL's primary international gateway in India is in Kochi, Kerala.

2.The Human Resources Advantage
The Human Resources Advantage High density of science and technology personnel in India Lowest employee attrition rate in the country - <5% 75 engineering colleges in the state Database of readily employable graduates enabling interested ITES companies to access the best of professional talent Training for ITES HR pool Empanelled trainers providing ITES training within the Habitat.

3.The Cost Advantage
A fully burdened cost of just $8 per hour, when compared to the global average of $15 Salaries - 1/5th of the international average Operational costs less than 50% when compared to major cities Rentals lower by more than 60% in comparison to other cities Power and water tariff among the lowest in the country.
4.Kerala - The Outsourcing Advantage
The Government of Kerala has promised the state an IT led growth over the next few years. The primary drive towards establishing Kerala as the preferred ITES destination arises from private enterprises and community energies. The Kerala Government acts as a catalyst to successfully facilitate an enabling environment for IT, IT products and ITES. Kerala with its focus on Business Process Outsourcing, Customer Interaction Centres and Digital Content Creation/Processing, Training for relevant skills at sub-domain level to ensure adequate supply of trained human resources to ITES companies and employment regulations that uniquely facilitate ITES operations, is poised today to become the IT industry's dream destination.
5.Investing in Kochi
Kochi (formerly called Cochin) lies in the Southwest corner of the country. It is a bustling cosmopolitan city, home to 2 million people with all the associated social infrastructure including residential accommodation, shopping, schools, stock exchange, hotels, hospitals, conferencing venues, amusement park and entertainment facilities.Kochi is the commercial capital of Kerala and is home to the 7.5 million tones per annum Kochi Refineries, India's only private sector International airport, Shipyard, a number of medium and small sized industrial units in industrial belts at Udyogamandal, Edayar, Kalamasserry, Ambalamughal and Angamaly, and power plants at Bramhapuram and Edayar. Kochi has the Cochin University of Science & Technology, several Engineering and Medical Colleges and Business Schools. Kochi has a 15 GBPS VSNL International Gateway Exchange. Only Kochi and Mumbai in India have landing points for submarine cable links for 15 GBPS bandwidth and have therefore India's cheapest bandwidth costs. The SEA-ME-WE3 and SAFE cables touch Kochi; making Kochi a sought-after destination for IT enabled services. The recent NASSCOM survey on 9 leading Indian ITES destinations covering a range of parameters including land costs, power and communication infrastructure ranked the Kochi as the second best ITES destination above Metros like Bangalore, Mumbai and New Delhi. 100 percent literacy and a very high level of e-literacy aided by government led projects such as Akshaya ensures a ready manpower resource for ITES/BPO sector. A dedicated ITES habitat for training in Kochi has commenced operations.

Developing a Silicon Valley in Cochin

A Synergy and Analogous Tale of Two Cities emerging to Global prominence from humble beginings

Silicon Valley - Heart of the Technology Revolution

Silicon Valley California
Silicon Valley is an area that is located on the San Francisco, California, peninsula, radiates from Stanford University between the cities of San Francisco and San Jose (the 'capital' of Silicon Valley). Silicon Valley is contained by the San Francisco Bay on the east, the Santa Cruz Mountains on the west, and the Coast Range to the southeast.
It contains cities such as Mountain View, Cupertino and Sunnyvale. Silicon valley is home to world famous companies such as HP, Intel, Sun, Google, Yahoo!, eBay, Cisco, Apple Computers , Adobe and many, many more.

Cochin, Kerala India
Cochin is an area that is located centrally in Kerala State on the Southwest Indian Peninsula, It is contained by the Arabian Sea on the west including exotic Cherai Beach in Vypeen Island and Munnar Mountains on the east as well as Alleppey the Venice of the East to its South. It comprises of subdivision as Kakkanad(Which is the center of the IT revoluton)Thrikkara the home of Cochin University of Science and Technology,Ernakulam,Alwaye and Angamali. Cochin is emerging as a popular destination for Information Technology giants like Infosys,Wipro,TCS,Nest,Muthoot and many,many more.

CIBER City Cochin India