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Striker11



Joined: 26 Aug 2008
Posts: 1

PostPosted: Tue Aug 26, 2008 4:22 am    Post subject: Great going Reply with quote

The major attraction for corporates and multinationals in Kerala is that cost of residential and commercial spaces are much lower when compared to other metros. Availability of educated labour, highly qualified personnel, world class hospitals, educational institutions, International Airport and a host of recreational facilities has made Kochi a favourite destination for corporates and multinationals. In the coming years, it is believed that the demand for property will be much higher than the actual availability. This gives you the right opportunity to invest in Kerala's growth right now.

The various projects have unleashed a huge spurt in the demand for commercial and residential properties. Kochi is growing and its suburbs have become the nerve centre of real estate activities and the potential beneficiary of the growing demand. Thanks to the opening of Goshree Bridge connecting the Vypin Island to the main land, these places have also started attracting investors. About 30 major hotel projects and over 100 apartment projects are at various stages of construction to cater to the needs of the emerging city within a few years time. There is a peak in demand for the limited water front apartments in Marine Drive and Thevara. Similarly there has been a spurt in real estate demand in other major centres of Kerala. This amazing growth is seen more in Trichur, Trivandrum, Calicut and Kottayam. Builders Kerala is now in the limelight as one of the most actively emerging forum not only on India but in South Asia. A host of development projects are likely to transform Kerala into a key center of development in South India. Sanctions has been accorded for investment of Rs. 22,000 crores in and around Kochi over the next five years by the Centre. Out of Rs 40,000 crores central investment proposed in Kerala, Rs. 22,000 crores has been earmarked for Kochi alone apart from the IT Private Sector, which is estimated around Rs. 12,000 Crores.
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