Category: News & Events
ABAD Golden Oak, Maradu handed over to customers
The Key handover ceremony of ABAD Golden Oak, a premium apartment project by ABAD Builders at Maradu was held on 15th November. The function was officially inaugurated by Mr. Zackeria Usman Sait in presence of Mr. Riaz Ahmed ( Managing Director, ABAD Hotels & Resorts ), Mr.Arif Hashim ( Director, ABAD Hotels & Resorts ), Dr. Najeeb Zackeria ( Managing Director, ABAD Builders ), Mohammed Usman Nasser ( Director Finance, ABAD Group ).
ABAD Oasis, Edappally handed over to customers
The Key handover ceremony of ABAD Oasis, a premium apartment project by ABAD Builders at Edappally was held on 25th July. The function was officially inaugurated by Mr. Riaz Ahmed ( Managing Director, ABAD Hotels & Resorts ) in presence of Dr. Najeeb Zackeria ( Managing Director, ABAD Builders ) & Mohammed Usman Nasser ( Director Finance, ABAD Group ).
ABAD Reflection, Kadavanthra handed over to customers
Abad Builders always endeavours to help society. Whenever a hand of help is a necessity, they always keep their step front. Last month, they donated an ambulance to the Maradu Municipality to support the public healthcare system. The key handover function was held at Nucleus mall on August 27,2021 by Dr.Najeeb Zackeria,Managing Director,Abad builders to Antony Ashanparambil,chairman,maradu
Ambulance Donation | ABAD Builders
Abad Builders always endeavours to help society. Whenever a hand of help is a necessity, they always keep their step front. Last month, they donated an ambulance to the Maradu Municipality to support the public healthcare system. The key handover function was held at Nucleus mall on August 27,2021 by Dr.Najeeb Zackeria,Managing Director,Abad builders to Antony Ashanparambil,chairman,maradu
Tanzeel Green handing over ceremony
Award for ABAD OASIS
ABAD Oasis, a landmark residential project at Edappally has won the REMAX India 12th Annual Estate Awards in the category “Residential Property of the Year 2020(South)”. The award was announced and distributed by Franchise India in a virtual function on 25th November.
Kochi Can Be The Next Real Estate Hotspot – NDTV
Kochi is all set to become the next preferred real estate destination in India, with mushrooming luxury flats for sale in Kochi finding several investors and buyers. Small nuclear families have even started preferring luxury villas owing to the availability of affordable villas for sale in Kochi.
Here are a few reasons why there is a real estate boom in Koch
1. Inclusion in Top 20 Smart Cities
Kochi ranks 5th in the top 20 cities identified by the Govt of India. An investment of almost 2000 cr is expected for infrastructure development and pan-city solutions. The ‘Smart City’ tag will boost prices favoring the real estate developers who are acquiring land in and around Kochi.
2. First Tier II city to propose and commission a metro rail
With successful commission of part phase I from Aluva to Maharaja’s College, it is a new feather in the cap of Kochi. Areas like Companypady, Vytilla, Kalamassery and Ambattukavu will be the main beneficiaries and witness of increased land prices and demand in the coming years.
3. New International airport terminal
Cochin International Airport’s new international terminal inaugurated in 2016 has boosted foreign trade and tourism, elevating the real estate market to a whole new level.
4. Venue for submarine cable landings in India
Kochi is one of the venues for submarine cable landings, boosting IT and ITES industries. This eventually increases demand for residential, retail and offices spaces in the city.
5. Home to India’s first Global Hub Terminal
The International Container Transshipment Terminal at Vallarpadam is a premier port gateway to South India thus opening up trade opportunities and industrial developments.
6. Tourism growth
The steady increase in demand for hospitality related real estate holdings like hotels and resorts owing to continued tourism growth is another main reason for the real estate boom in Kochi.
New rules for CRZ (Coastal Regulation Zone)
The new rule of CRZ has increased the concern of those looking for apartments in Kochi. The detailed account of the implications and must-know points of CRZ are discussed here.
The Kerala Coastal Zone Management Authority approached the apex court aggrieved by the judgment of Kerala High in 2016, where the court while allowing writ petitions of some builders in Kochi, held that the latter could not be penalized for the failure of the local bodies in complying with statutory provisions.
While overruling the Kerala High Court judgment, the apex court pointed out the importance of the Coastal Zone Management Plan (CZMP), which it said had been prepared to check construction activities of all typed in the notified areas. The Supreme Court observed that the High Court has ignored the significance of the approved CZMP.
“Uncontrolled construction activities in these areas would have devastating effects on the natural water flow that may ultimately result in severe natural calamities,” the court observed.
What are CRZs and why are they important?
The CRZ is the buffer zone between marine and territorial zones which includes sensitive ecosystems like the shore, wetland, mangrove, mudflat seagrass, salt marshes, and seaweed ecosystems. The Union Ministry of Environment and Forest released the Coastal Regulation Zone (CRZ), in 2019 opening up the coastline of the country for construction and tourism activities.
New Rules 2019
The new notification could result in the reduction of No Development Zones (NDZ) significantly. This may pave the way for a construction boom along the coastline. The tourism sector is to benefit from the relaxation of the NDZ. Tourism activities could be undertaken in the designated areas to be identified by the State and included in their respective Coastal Zone Management Plan, according to the notification.
Most of the recommendations of an expert committee which looked into the concerns of coastal States and various stakeholders, relating to the CRZ, 2011 notification were incorporated in the new notification, according to CRZ experts. The notification has classified the CRZ 3 areas based on the density of population. Areas with a population density of 2,161 persons or more per square km, as in the 2011 census will become CRZ 3A and construction activities could be undertaken towards the landward side. All other CRZ 3 areas with a population density of less than 2,161 persons per square km will be designated as CRZ 3B and development activities will be permitted beyond the 200m mark from the High Tide Line towards the landward side.
The notification has covered all the backwater islands and islands along the main coast and a uniform NDZ of 20 m from the High Tide Line towards the landward side has been put in place. All the coastal States with such islands will prepare Integrated Island Management Plans and get them approved by the Ministry. The new notification will come into force in these islands only when the plan is formed. However, the concerns of the green activists regarding unbridled construction of flats in Kochi and activities on the coastal areas need to be addressed. Experts raised concerns that the new notification failed to acknowledge the issues of global warming and sea-level rise.
ABAD Builders has taken over Tanzeel green project, Pulleppady
After the successful completion of Si Westfort Garden, Thripunithura, ABAD Builders is all set to take over another project Tanzeel Green, Pulleppady. This B + G + 4 floor project consists of 22 apartments of 1 bed study, 2 BHK and 3 BHK units. Project is nearly 50% done, and Abad has taken over the same in February 2019 to complete in the next 6 months. Few units at attractive prices are available for sale as well