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
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.
Few of the developments in Cochin are : CSEZ, Cochin (Kochi) :
The CSEZ is the Cochin (Kochi) Special Economic Zone managed directly
by the Government of India. The Special Economic Zone is an enclave,
a deemed foreign territory within India for purposes of trade and
customs duties, with special rules for facilitating foreign direct
investment for export-oriented production. With plans of setting
up a Special Economic Zone, the commercial capital of Kerala is
now even more attractive to the ICT investor.. The Cochin Special
Economic Zone (CSEZ), Cochin International Airport Ltd. (CIAL) and
Cochin Port Trust (CPT) have drawn up a master plan to set up a
Special Economic Zone (SEZ), with the help of Kinfra park at Kakkanad
in Ernakulam.
Best ITES destination :
Cochin has been ranked as the second best ITES destination by NASSCOM
Infopark is placed in a picturesque 100 acre campus in Kochi, the
commercial capital of Kerala. Located 25 kms from the International
Airport and 12 kms from the heart of the city, the Park is an ideal
destination in Kerala for the IT industry, especially for ITES units.
BSE Center in Cochin:
BSE in a significant move, to expand its investor services nationwide,
has opened an exclusive center for investor services in Cochin.
Dubai Port International to develop a terminal KOCHI,
India:
A contract has been signed between Cochin Port and Dubai Port International
(DPI) on developing the Rs20 billion International Container Transshipment
Terminal at Vallarpadam, Cochin.
Smart City, Kerala
Kerala government has announced that have Dubai's Internet City has decided to set up the
Smart City in Cochin. Kerala government is providing them land in Kakkanadu, near the Kochi Infopark.
The Smart City is expected to create more than 100,000 new jobs in the first stage and around 5 Lakhs
jobs directly and indirectly in the last stage, would provide critical infrastructure for IT services
and IT-enabled service companies.
Fashion City, Kerala
Government of Kerala is contemplating proposal for setting up a Fashion City in Cochin.
The project will have a turnover of crores and will be able to offer employment to thousands of people.
The unit will also house a garment technology and fashion technology engineering college.
If
the current demand & price movement for real estateacross Ernakulam is any indication, then investing
in real estate would be a viable proposition. The dilemma revolves
around the options available for an investor and those that will
have an edge over others. Residential property is on a high
pitch but the yield is relatively less when compared to
commercial property in Kerala. Areas like Marine Drive and Kakkanad
in Cochin, offer immense scope for investment due to their closeness
to IT parks and ports, according to property consultants. Make your
investments through Commercial space or apartments. That will secure
your future and you can earn more and more. Purchase of good Commercial
space in good areas of Cochin , will lead you to success.
With a continuous stream of MNCs, this commercial
city of Kerala, is witnessing an unprecedented demand.
If a large MNC or IT park, set up in Cochin, it brings in 1000s
of people. Even assuming only 50 percent of the work force would
migrate from out side the city to Cochin, there will be a huge demand
for housing like apartments and flats. Established MNCs and large
corporate have been gradually expanding their operations in the
city. It is the overall confidence level created by the city that
will lure more such companies to Ernakulam.
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 want quality 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.
