CIBER City Cochin India: COCHIN(KOCHI) see spurt in Real Estate Activity

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.

Thursday, February 28, 2008

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

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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