Realty rising in Kochi

Sahara Real Estate is investing 300 crores in Kochi. There is a demand for 100,000 quality flats in Kochi alone.

The flats of Sahara will be priced between 36 and 80 lakhs. 14.72 acres have been taken along the Kakanad Airport_Seaport Road.

Infy is investing 525 crores in Kerala and Jaipur, to develop a 20,000 seater. TCS is investing 900 crores and Wipro 600 crores. So there will be a realty boom, wherever these investing are going.

HDIL Plans 70 Acres Cybercity at Kalamaserry


Spread over an area of 70 acres, HDIL Cybercity will be Kerala's first integrated IT Township. Besides IT Township, it will have IT/ITES, Residential Apartments, Villas, Schools, Shopping Malls, Mutliplex, Club House, Service Apts and a Star Hotel . HDIL will be investing 4000 crores in this project.


“By constructing HDIL CYBERCITY at Kalamaserry in Kochi, we propose, 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. This is our small and humble gift to the people and the State of Kerala” said Mr. Rakesh Kumar Wadhawan, Chairman, Housing Development and Infrastructure Ltd.

With a built up area of 80 lakh sq feet in Kalamassery, Kochi, HDIL Cybercity is the first flagship IT project in Kochi. It is the first and only integrated IT Township in Kerala. Various zones of Residential, IT, Commercial, Hotel, Social, and Infrastructure amenities have been develped, according to their internal relationships to each other and keeping in mind the natural flow of spaces. The project will also generate over Rs.425 Crores of Revenue for the Government of Kerala by way of Stamp and Registration duty and Employee Welfare and Village Tax, .despite providing 60,000 direct and 1,50,000 indirect jobs to the people of Kochi,
NASSCOM has ranked Kochi as the second most favoured IT destination. Some of the IT majores have plans to set up campus in Kochi in the next five years and NASSCOM has project about 500,000 jobs in Kerala in the IT/ITES sector.
Real Estate prices are rising, as many realty projects are in the pipeline.

Shobha's 5000 crores project in Kochi envisages 7 million sq feet of IT space and jobs for 70000 people.

DLF investing 800 crores with an estimated 7 million sq feet of IT space, again jobs for 70000 people.

Veegaland invests 770 crores for an amusement park in Kochi.

If Kochi is the commercial capital or the computer capital of Kerala, Trichur is the education capital, with 3 medical colleges and 7 engg colleges. Shobha's 850 crore project will be nearing completion within a couple of years. Lulu's 150 crore project and a project worth 300 crores for 40 flats of more than 14 floors - all these are pushing up realty prices. In Kochi, in Vallarpadam,where the ICTT is going to be commissioned, the price is Rs 20 lakhs per cent and in Puzhakkal padam, where the Shobha project is in full swing, it is 10 lakhs per cent. With FDI permitted in realty, and with HDFC & ICICI Property Funds in full swing, prices are bound to go up !

Trichur, the Satellite City

Even though Trichur does not get the $10 billion investment which Kochi is getting, she will develop along with Kochi. As Kochi is saturated with land to live becoming scarce, people will flock to the education capital, Trichur ( which already has 3 medical colleges and half a dozen engg colleges ). Trichur will develop as a satellite city to Kochi.

Because of this factor, real estate prices are shooting up. You cant get a cent of land for less than a million rupees !
Realty prices skyrocketting !

Real Estate prices are shooting up in Tier III cities as well, let alone Tier I and Tier II. In Trichur, in Puzhakkal padam, where the Shobha International City is going to come, it is 1 million rupees per cent ( 420 sq feet ). The Shobha project is 850 crores.

In Guruvayur, the Temple City, it is now 1 million rupees per cent. The prices of shops has skyrocketted with 200 sq feet shops commanding 5 million rupees.

The influx of foreign funds due to Globalisation is said to be the cause behind this real estate boom !


Article by G Kumar, astro scholar, writer & programmer of site http://www.realtykochi.com & http://www.realtyspeculation.com . He recommends Realty education at Real Estate Champions. Real Estate Training and Coaching
http://www.realestatechampions.com/t.asp?a=477881