Kochi- An Emerging Real Estate Industry

Leading real estate developers like Ansals, Confident Group, DLF, Emaar MGF, Housing Development and Infrastrure, Nitesh Estates, Oceanus, Prestige Group, Purvankara, Sobha Developers, Unitech and Parsvanath Developers all have shown their interest for investment in kochi. All leading real estate developers have invested over $2.5 billion.

Kochi is known as the industrial center of kerala. A lot of NRIs are showing their attention towards Kochi. The City offers grand investment opportunities for real estate and huge number of NRI’s are interested to buy homes in Kochi. One of the major factors of this fast growth is rise in number of IT job opportunities. Along with IT industry, city is also growing with tourism and international trade and hence the demand for office space, hotels, restaurant and retail outlets are growing. An industry observer and a former builder said, “Property development and real estate activities have overshadowed the state’s booming tourism sector. This boom witnessed the emergence of many developers and projects”.

Dubai Internet City has chosen Kochi to set up a Smart City project, and for IT and media hub. The initial investment for the Smart City, being executed by the DIC management will be over $400 million. The Smart City would come up in a vast, 1,000 acres of land in the outer edge of Kochi.

In past days, Kochi was not recognized as commercial or industrial investment place but current trends illustrate kochi as an indicator of a revitalize and strong economy.