Invest in Cochin
Cochin, which is now known as Kochi is the commercial capital of Kerala and known as the Queen of the Arabian Sea. It is a place which is blended with historical places, palaces, forts, old churches, beaches, backwaters, snake boats races, Kathakali, museums and the convenience of a big city with towering buildings, luxury homes and business centers. Kochi came into being in 1967, as a result of the merger of the then neighbouring towns and villages of Fort Cochin, Mattanchery, Ernakulam, Edapally, Vytilla, Vennala, Tevara etc. Cochin, today is one of the largest and most important city in Kerala and is the industrial, business and tourism capital of the Kerala. It is also known to be the second most important city on the western coast of India.
Cochin the only metro located in Central Kerala . The presence of the Airport, Railway Junction, Industrial Units and Hill produce trading Centers make it a bustling commercial hub of Kerala . Cochin is also fast becoming a Tourist Hotspot in Kerala for the Ayurvedic Resorts in its precincts.
This city in Kerala, is a city with an international airport, to meet and sustain the fast growing economic development and travel demands from within India and abroad, particularly because of the nearly two million NRIs of Kerala, living abroad. The City of Cochin, perhaps next only to Mumbai in terms of growth, abounds in public sector undertakings and agro-based commodity promotion boards. It has excellent residential, commercial, hospitals, hotels, schools, banking and food facilities.
Economic Profile of Cochin :
Strategic location on the transnational trade corridor.
Rich natural resources - minerals, marine products, agro-products.
Highest density of science and technology personnel in India.
100% literate workforce in Ernakulam.
Highest number of skilled, productive manpower
Excellent communication network
India's most advanced society
Liberalized industrial policy facilitating foreign participation technology transfer, equity participation, off-shore sourcing
World class health care system with lowest infant mortality rate and highest life expectancy in the country
Tourist hotspot in India.
Cochin – The Perfect place to Invest:
As no other city in India is as adequately connected to the outside world through sea, air and road as Cochin, in Kerala,it is actively competing to become a main center in India, for information technology (IT) and software related activities Moreover different institutions, both government and private, are now planning to invest in the IT/Business parks in Cochin. It has also continued its evolution as specialized real estate sectors, attracting distinct corporate space users in the city. It is also seeing a good growth in the commercial sector of Kerala.
Infrastructure developments in Cochin are :
1.1.1 Metro Rail Project
A 25 km long Metro Rail Project starting from Alwaye, Kalamassery and ending at Pettah is proposed. Work is expected to commence with active participation of the Delhi Metro Rail Corporation (DMRC). The Light Metro, conceptualized by the DMRC is expected to take care of the rush for the next 25 years without any additions. The travel demand on the metro rail according to the consultants will be 0.24 million passenger trips per peak hour. About 0.7 million people are expected to use the metro rail daily. Areas from Edappally to Aluva in the north and from Vytilla to Petta in the south are the major areas, which will probably witness a lot of activity in the coming years since it will be part of the hi-speed corridor of the Metro.
1.1.2 New Bus Terminal at Vyttila
The GoK in collaboration with the District Authorities have drawn up a plan to construct a new Bus Terminal at Vyttila to reduce the congestion in the city. Long Distance buses would be terminating at this point.
1.1.3 The International Container Transshipment Terminal (ICTT)
The International Container Transshipment Terminal (ICTT) at Vallarpadom, an island off the mainland of Cochin City, to be constructed by Dubai Port International is slated to be completed by 2010. This INR 20 million project will transform Cochin into a major shipping hub a la Singapore or Bombay. This project will not only give a spurt to the industrial activity in Cochin but the consequent spatial demands would set the real estate sector in the city on fire. Cochin Port has been planning a large number of port related development projects, which is expected to make Vallarapadom a separate township with large investment potential.
1.1.4 The LNG Terminal
Amongst the many liquefied natural gas (LNG) project proposals in India, only Cochin and Dahej have made progress. This terminal will be a major milestone in sustaining industrial growth in the Southern States particularly Kerala, Karnataka and Tamil Nadu. The easy availability of natural gas will give a new dimension to the development dreams of Cochin. The terminal would attract more gas based industrial units to Cochin due to its competitive advantage. The industrial boom which will happen in and around Cochin will lead to a re-rating of real estate values in the city within a short period.
1.1.5 The International Cruise Terminal
Over the last few years Cochin port has emerged as the top cruise destination with a slight edge over Mumbai with proximity to Gulf-Singapore and Suez-Singapore routes. The port has been visited by famous cruise lines including Cunnard, Holland America, Orient, Princess, Seabourne, Silversea, P&O and Norwegian. The proposed Rs 55 crore international cruise terminal planned by the Cochin Port Trust (CPT) is expected to set the tone for the change. This envisages a world class cruise terminal offering services and amenities of international standards to the cruise liners and tourists. The process of selecting the bidders is ongoing. The Cochin Port Trust has been seriously working to set up a world-class international cruise terminal that would exclusively service cruise vessels. This will add a huge momentum to tourism in Kerala. This in turn could create a big boom in the hospitality sector which is space intensive leading to a great demand for realty and escalation in its prices.
1.1.6 Port- based Special Economic Zones
The port-based special economic zone, a special enclave at Puthuvype, is expected to attract major industrial investments and throw up large-scale employment. The project will offer opportunities in various associated ventures such as an international ship repair complex, a gas-based power project and a desalination plant. A free trade warehousing zone has already been sanctioned as part of the port-based activity. This would be another attraction for the investors opting for real estate investments in Cochin. It is expected that Cochin needs additional accommodation facilities for more than 25,000 people within a five-year period. It will create a major demand-supply gap in commercial and residential properties.
1.1.7 Updgradation of City Traffic System
The GoK has also appointed a Committee to prepare a project to reform traffic system in Cochin City. The committee has recommended a plan that includes the construction of 16 roads, which includes five that need to be completed urgently. This apart, it has been suggested that Cochin have 3 or 4 more over bridges other than the South and North over bridges today that carry the bulk of the traffic in and out of the city. Most of these roads are proposed to be upgraded to NH standards as per the City Development Plan
1.2 Status of SEZ in Kochi
Cochin SEZ – Multi-product. Set up by Central Government
KINFRA SEZ – Electronics Industries Notified on dt. 13th June – 07
INFOPARK – IT/ITES dated 29th September 2006
Cochin Port Trust – Port Based – Puthuvypeen – dated 2nd November 2006
Cochin Port Trust – Port Based – Vallarpadom – dated 2nd November 2006
Unitech Real Estate Projects – IT/ITES – Desam – Formal Approval
Parsvnath Developers Limited – IT/ITES – Nedumbassery – Formal Approval
TCG Urban Infrastructure Holdings – Biotechnology – Formal Approval
Smart City – Kakkanad – IT/ITES – Formal Approval
Sutherland Global Services – Kalamassery – IT/ITES – In principle Approval
Preference to Apartments over houses in Kerala :
Living in apartments is gaining popularity, particularly among higher-income households. The times are changing, and owning a house is no longer a universal dream. These days people prefer apartments and flats to houses because of the convenience associated with life in apartments. Apartments ensure proper maintenance, security, uninterrupted supply of water and stand-by electricity system. A management office takes care of maintenance and security for the apartments. Thus having a central maintenance means not having to hire an external plumber or electrician for minor problems. Apartments and flats offer access to amenities and technologies not available or affordable in single-family homes. It is uniquely qualified to address many of our most pressing needs.
The various benefits apartments offer to a community are helping to reduce sprawl, conserve resources, preserve green space and reduce demand on public resources. Apartments create value for all citizens, including owners.
Today's population is more comfortable with the idea of living in apartments than at any time in the last 50 years. The rapid increase in the demand for higher quality residential space in Kerala could be attributable to the following reasons:
a) The middle class sector's rise in disposable incomes and expectations levels.
b) Accommodation for expatriate employees of the various companies coming to Cochin.
c) Expansion of Indian Corporates, MNCs and IT Parks.
d) Long term investments from NRI's into real estate sectors like residential & commercial projects in Kerala.
Luxury and Deluxe Apartments -- Is this trend catching up?
Yes, very much. People wantquality flats. They are ready to pay more for better quality. And most of them buy apartments only once, so instead of going for second grade apartments, they want only the best. They have understood the market in Ernakulam and have become choosy in buying only the best quality. People are very conscious of the security aspect also.In view of the developments happening in and around Cochin there has been a rising demand for Luxury apartments offering convenient and splendid choice of dwellings with a host of heartwarming amenities. The elevation of the living standards and the joint incomes of the family members also has increased the demand for Luxury Apartments.
Abad Builders – Building Homes, Building Trust
Cochin is developing exponentially and so is the demand arising. Residential sector of real estate is experiencing a boom in Kerala. Residential property in Cochin is now in great demand after the latest Investment trends in Cochin. People have begun to realize the best investment in Cochin now lies in Real estate. There is a solid demand for residential property especially luxury and deluxe apartments in Cochin. Finding the ideal property in a city like Cochin could be a mind - boggling task, Budgets, Size, Location, Quality... There are so many considerations. Abad builders has both residential as well as commercial property to suit your needs & choice. Abad Builders's spacious interiors, customized planning and superb finish will make your choice worth a million.
Designed to meet growing demand of premium lifestyle, Abad Builders brings you convenient and splendid choice of dwelling & homes with a host of heartwarming amenities at reasonable prices in Ernakulam. Maintaining a steady experience in the relevant field, this group is committed to deliver nothing less than top-notch quality and impeccable service. Building landmarks of committed service over strategic locations in and around Cochin. With a team of efficient and dedicated engineers, supervisors and other officials, Abad Builders is keeping its promise of delivering deluxe apartments and flats of superior quality intact.
If you're considering moving and thinking of Quality apartments or flats, then your search ends here with Abad builders. Choosing where to live is one of the most important decisions you make. So take a moment to review the special features we offer with each and every project. Compare us with your other options, side by side, and you will see that we are beyond comparison.
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