Brigade Enterprises, a Bangalore-based real estate developer, has bagged 5 acres in Kochi to build up IT office space. The company acquired the land in the processing area of Kochi’s Info Park Special Economic Zone (SEZ).
Government of Kerala will develop IT Park in Kochi which will be known as Info park. For the project, the government has transferred hundred acres of land which is at present under the ownership of Info parks Kerala, an independent society owned by the state government.
“We have just got the bid and it is under the planning junctures to establish the price of the project. The built-up area is likely to be just about 4-5 lakh sq feet of IT office space and Brigade will co-develop the space along with Info Park, Kochi,” a senior Brigade company official said.
IT office project investment in Kochi is part of the company’s expansion plans in South India. The company all these years had been focusing only in Bangalore and Mysore, catering to IT and BPO sectors.
“This is for the first time we are increasing our base after having gained enough knowledge and expertise in managing a large number of domestic and global firms as our clients,” the official said.
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Kochi have already developed in the IT sectory but from the last 2 years the development growth level is increasing day by day there because the litteracy level is on very high level there.And all the Top IT and BPO sectors are setteled over there for the high quality level growth for the client relationship level.
Most investors who opt for a plot of land do it with an expectation of assured returns in the long run. Investors feel that by putting their money in land, that too, in places like Kochi, the returns can be quite fascinating. The capital appreciation of land has gone up drastically in Kochi. Land developers feel that this is one important reason why the people are increasingly investing in plots in a big way.Another important reason for growing demand for buying plots is that people are beginning to identify the advantages of community living and the concept of townships is catching on. Understanding this change in the attitude of customers, several builders have launched their own townships in and around Kochi. It’s true that the invasion of the younger generation, especially those with enhanced earnings, into the housing scenario has contributed to the growth of the real estate sector. The concept of townships and the virtues of secured community living have caught their fancy in a big way. And because of all these reasons, the investors are no more skeptical and they are more sanguine that the value appreciation is bound to happen. In Kerala, needless to say, Kochi is leading the way both in terms of demand and supply.For more view- realtydigest.blogspot.com