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Indian Real Estate: Kochi Inching Up, Tier-2 to Tier-1.5

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by funtoosh, May 28, 2009.

  1. f

    funtoosh New Member

    May 28, 2009
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    Just a few years back, Kochi or Cochin as it was then called in Kerala, God’s own country, was the scene of boats languidly gliding through the waters, Chinese fishing nets silhouetted against the sunset and merchants haggling over the price of spices. While, this picture perfect scene remains unchanged, Kochi’s skyline has changed, considerably Real estate Kochi is embarking towards a new era. A city of export-oriented industries, export trading houses, it boasts of a bustling tourism industry and can also boast of being the main port from where one can reach the islands of Lakshadweep, while also being the naval base for the Indian Navy.
    Not only does it house several institutions of repute like Coconut Development Board, Centre for Fish Disease Diagnosis and Management (CFDDM) and the Lakshadweep Office, it is also the busiest port south of Bombay due to its year-round shipping facilities, lying as it does on a direct route to Australia and the Far East from Europe, while serving the vast southern hinterland of industrial areas and plantations.
    It is also South India’s passenger port for the United Kingdom and America. Moreover, it is one of the few ports of the world with all the three main forms of transport i.e. land, sea, and air, all centered in the same place.
    With a multi-religious population mix of Hindus, Christians, Jews, Jains, Sikhs, and Muslims Kochi wears a cosmopolitan outlook that helps fosters trade and encourages development, especially private enterprise. This has led Kochi to witness all round development, overall development coupled with excellent connectivity that has made it the prime driver of real estate in the city.
    According to an analysis carried out by Kochi’s Southern Investments Pvt. Ltd., appreciation for well constructed residential spaces in the coming year, will be better than the previous year, a year that was considered to be one of the best in the history of Kochi real estate. Gearing up for the real estate boom, Southern Investments has four ongoing premium projects in Kakkanad, Palarivattom, Edapally and Thripunithura. They are also concentrating on providing value to customers i.e. value as translated into reasonable prices, uncompromising quality, on-dot possession and outstanding location Today, Kochi may be labeled as a Tier 2 city, however with all the activity happening, it may well be on its way to becoming a Tier 1.5 city.
  2. Next Level

    Next Level JF-Expert Member

    May 28, 2009
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    Karibu sana JF .....Funtoosh!