CIBER City Cochin India: Real Estate Developments in COCHIN (Kochi)

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, March 1, 2008

Real Estate Developments in COCHIN (Kochi)

With no industrial history to speak of, the current developments in Kochi are driven by the thrust from NRI remittances and the tourism sector. Restricted by the sea on its western coast, Kochi is spilling over to the neighbouring towns and villages, where land prices have made impressive gains. Once considered distant, neighbourhoods like Edappally and Tripunithura have appreciated from Rs.25, 000 to Rs.2 lakh for a cent.

The growing demand for housing units and the constraints on space have induced city builders to focus on building apartments in Kochi. Local builders are offering top-of-the line fittings and lifestyle add-ons like clubs and swimming pools to apartment complexes to woo home makers who prefer these homes for the security and convenience they offer.

The Kochi real estate market has prompted national level developers like Puravankara Projects, Sobha Developers, Prestige Group, Emaar-MGF and Brigade Group to invest in the city. Unitech with 670 acres, Sahara Infrastructure & Housing and L&T have also pitched for Kochi property with niche projects.

Appreciation
Satellite townships are being absorbed into the city as better connectivity gives them easy access to the new IT locations. As large-scale companies relocate to the city and NRIs pour their dollars into luxury projects, real estate prices in Kochi have been zooming upwards.

In 2005 almost a 400 % appreciation in land prices in Kochi was observed, especially on the NH 47 Bypass Road. This locality is proving to be a strong contender for M.G. Road, the city’s business district. Property prices in Kochi start at the upper end of Rs. 1 crore a cent on M.G.Road, though no transactions are taking place in this area. Property sales are happening only in the by-lanes of M.G.Road, fetching between Rs.40 lakh and Rs. 80 lakh a cent.

Property prices in Kochi’s Marine Drive have also skyrocketed over the years to Rs.1 crore a cent, and luxury apartments in the neighbourhood are commanding similar rates. Real estate deals for 25 acres and 70 acres have been struck at Rs.112 crore and Rs.91 crore respectively near Goshree bridges by Mumbai real estate developers.

In Ernakulam South and Ernakulam North, a cent fetches half a crore, as do Shanmugham Road, Panampilly Nagar and Kaloor. Chittoor, Palarivattom Junction and Thevara fall in the Rs. 30 lakh range, while Vyttila is available between Rs.20 lakh to Rs. 30 lakh. Kakkanad’s proximity to the Smart City is being used to advantage by owners wishing to sell their property where land rates range between Rs.15 lakh to Rs.20 lakh.

Places to look out for are Puthiyakavu, beyond Thripunithura and Chottanikkara where land values will show much appreciation after the airport-seaport road is completed. Thripunithura, Kakkanad and Alwaye are safe bets for investment in property in Kochi

NRI Real Estate Trends
NRI investments in Kochi have propelled the demand for residential flats in Kochi – almost 60 to 80% of all residential properties booked in the city are registered by Keralites living overseas.

A range of premium residential properties in Kochi by local and national real estate developers are in various stages of construction to cater to the aesthetics of the returning NRI.

Kakkanad is Kochi’s most preferred destination, with DLF, Sahara, and Great India Estates amongst others establishing their presence. Puravankara’s Eternity is available from Rs.27 lakh upwards, and is likely to be completed by December 2009. Purva’s Grandbay project on Marine Drive is also likely to come up by then, but starts with a hefty price of Rs.68 lakh. The builder has recently launched its 3 bedroom apartment complex on the Seaport-Airport Road at a price of Rs. 47 lakh.

Skyline Foundations would be launching their Silicon Park apartments in Kakkanad shortly while their Silicon Drive project in Kakkanad and Eternia in Edapally are under construction. Aqua Greens in Alwaye is expected to be launched soon, while luxury apartments are coming up in Kallor priced between Rs. 1,700 to Rs. 2,600 per sq. ft.

For those looking for luxury villas, Anzera Properties has Brookside under construction at Kakkanad in the range of Rs.48 lakh to Rs. 82 lakh. The Lavender is another premium residential project from the builder. Anzera has also announced a premium residential project for senior citizens in Chengannassery.

http://www.nrirealtynews.com/kochi/real-estate-kochi.php

1 comment:

sapna said...: This comment has been removed by the author.; April 8, 2013 at 3:59 AM

Post a Comment

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