Exploring Abad Builders' Residential Projects in Kochi A Guide
CategoriesBlog Kerala Real Estate

Exploring Abad Builders Residential Projects in Kochi

Abad Builders is a leading developer of residential and commercial properties in Kerala. They are known for their modern design concepts and contemporary architecture. Abad builders is constantly innovating to deliver flats in Kochi that meet the growing aspirations of homebuyers. The projects emphasize convenience, stability, and modernity.

The top three residential projects by Abad Builders in Kochi are discussed below:

1. ABAD Woods Park

Abad Woods Park is one of the bespoke, 2, and 3 BHK premium flats in Vytilla, Kochi today. The project is in Maradu near Vytilla, which is known to be the home of some of the finest residential hotspots in the city.

This plush project has 63 apartments covering 2811.00 sq.m. The pristine 2 BHK and 3 BHK apartments are incorporated with the best living amenities that modern professionals seek. Abad Woods Park is amid an eco-friendly atmosphere of well-maintained gardens, and easy accessibility to transport modes, shopping malls, healthcare, and various educational institutions.

2. ABAD Sunrise Park

Glazed in serenity and style, the tower of Abad Sunrise Park stands tall as an exclusive enclave of homes spread across 12 floors. This edifice is bound to delight its owners with its richness and unique architectural design. The 45 comfortably large 3 and 4-BHK homes with best-in-class common amenities and upgraded specifications are examples of comfort.

Peaceful walking paths and meditation gardens provide solitude to stressed minds. Ample spaces on the ground, first floor, and rooftop offer many leisure and recreational facilities allowing customers to entertain their guests and visitors.

With a sky bridge connecting two wings, the terrace offers enchanting features with many soothing amenities for elders, youngsters, and children to unwind and celebrate in the living spaces.

3. ABAD Signature

ABAD Signature has been designed to meet the needs for a comfortable downtime and respect for privacy. This landmark project, strategically located in Kochi’s fastest-growing area, overlooks the serene backwaters and is just a stone’s throw from the NH Bypass.

Offering 4-bedroom homes with efficient space utilization, this exclusive 31-apartment high-rise stands tall for its attention to detail and bespoke luxury. The exclusive layout, with only two units per floor, also offers wide balconies with spectacular views of the backwaters, making for the perfect setting for relaxation and rejuvenation.

Attention to detail is what separates Signature from the rest. Right from the main gate and the driveway leading to the porch and car park, through the double-height elegantly furnished entrance lobbies, to the plush lifts ABAD Signature stands out. The apartment floors, the party hall, the health club, and the swimming pool on the rooftop, are all carefully crafted to delight the residents every day. Everything is designed so that you can enjoy life fully with family and friends and celebrate life every day. Signature is the perfect oasis of comfort and grandeur you could wish for, in a home.

Abad Builders is leading real estate builders in Kochi who have delivered over 44 projects across Kerala to 3000 odd families.

The Future of Real Estate in Kerala Trends and Insights from Abad Builders
CategoriesBlog Kerala Real Estate

The Future of Real Estate in Kerala: Trends and Insights from Abad Builders

Several factors influence the real estate market in Kerala. The state is close to large metros like Bangalore and Chennai which have slowed its growth in the past. With the government’s initiatives to improve the infrastructure and economy, Kerala is emerging as a growing real estate market. The booming IT sector has created direct and indirect employment opportunities paving the way for residential and commercial real estate development. It is one of the wealthiest states in India due to the high remittances from the non-resident population living in the Gulf countries who invest in property. The growing tourism sector and consumerism have made Kerala a strong economy fuelling rapid urbanization.

This blog discusses the key trends and real estate insights in Kerala.

1. Development of Cities

The major cities of Kerala – Trivandrum and Kochi are getting urbanized quickly. This is prompting the development of all real estate classes – retail, commercial, hospitality, and residential. Trivandrum’s Technopark and Kochi’s Infopark remain the major attractions for IT-enabled businesses and employees. They generate high housing demand with a ripple effect on the neighboring Thrissur which enjoys good connectivity to both cities. The development of metro projects is driving the growth of new markets in the cities. Student housing is a major opportunity as educational institutes can house only 10% of students on university campuses. This is very low as the two cities have the highest rate of student enrolment for higher studies.

2. Luxury Real Estate

Kochi and Thrissur have thriving luxury residential markets with high demand. The economic development in Kochi and the growing gold and jewels manufacturing industries are attracting attention from the government and private sectors. The growing affluence has resulted in demand for luxury homes, villas, and apartments in these cities. This is expected to grow attracting NRI investments to invest in properties by well-known builders like ABAD Builders.

3. Sustainable Luxury

The increasing awareness of environmental friendliness has made the home-buyer and investor conscious of the properties they invest in. Real estate with energy-efficient solutions and eco-friendly designs are emerging future trends. Green technologies like rainwater harvesting, solar panels, and waste management systems are adopted by many developers in their projects to save natural resources. Smart home technology makes this easier with pre-programmed devices that help in conserving power. High-tech security systems that allow monitoring homes instill a sense of security and comfort.

The future trends and insights for Kerala real estate look positive. Home buyers can enjoy the best lifestyle in the scenic state whereas investors will get a good return in their investment.

Kochi Metro Impact on the Real Estate Market of Kochi
CategoriesBlog Real Estate Trends

Kochi Metro: Impact on the Real Estate Market of Kochi

The Kochi Metro is a rapid transit system serving the city of Kochi and the wider Kochi Metropolitan Region. The construction began in 2013, and the service was thrown open to the public in 2017. There are several firsts associated with the Kochi metro project. It is one of the fastest metro projects completed in the country. It is the country’s first metro project connecting rail, road, and water transport facilities. It is also India’s first metro system that requires minimum human intervention as it uses a Communication-Based  Train Control signaling system. The Kochi metro rail system has had a significant impact on the economy and population of the city.

Understandably, it has influenced real estate substantially which will be discussed in this blog.

1. Convenience

The Kochi metro has improved the mobility of people within the city and beyond. The connectivity stretches beyond the corporation’s limits, improving the infrastructure in the adjoining localities. It is an effective means of transport due to its high carrying capacity and faster movement. Working professionals living the apartments in Kochi experience the ease of commuting to work and back home enhancing comfort in their daily lives.

2. New Locations

As the Kochi metro expands, the number of locations where new residential projects are developed has increased dramatically. As these locations connect, the infrastructure also improves allowing them to attract property developers and home buyers. The metro project has driven the development of new educational institutions, healthcare facilities, and retail establishments improving the social infrastructure. All these developments benefit the real estate sector as new residential and commercial developments are undertaken by builders in Kochi.

3. Connectivity

The Kochi metro is designed to connect 23 stations in the city improving the connectivity to various destinations. The metro lines, like the one connecting The International Container Transshipment Terminal (ICTT) near Port Kochi and the integrated transit terminal at Vytilla Mobility Hub, are game changers for the real estate industry. Real estate prices are directly related to urban connectivity and are projected to increase due to the metro. Investors can expect good returns of 10 to 15% on the investments made in projects along the metro project development in Kochi.

4. Property Market

The returns on investment in real estate have improved with the development of the metro. The rental income has shown a positive trend as the metro connects residential locations and commercial hubs.  As the metro expands new luxury property markets, like the 4 BHK flats in Kochi, are expected to rise in the new locations. The existing property markets in major hubs are appreciated due to the location advantage. At the same time, new locations offer affordable and mid-segment residential and commercial properties. Top builders like Abad builders are taking advantage of these developments to create premium housing projects.

The Kochi metro project is responsible for improving the lives of the citizens of Kochi by easing connectivity and providing the much-required housing solutions.

Real Estate Investment Options for NRIs (Non-Resident Indians)
CategoriesBlog Kerala Real Estate

Real Estate Investment Options for NRIs (Non-Resident Indians)

There are many reasons why NRIs should invest in real estate in India. The most important being that the sector is growing at a record pace and there are indications that the growth will continue in the coming decade. Economic growth is fuelling rapid urbanisation increasing demand for housing and commercial real estate. New projects across price segments in Tier 2 and Tier 3 cities will soon overtake those in the larger cities. And as the demand increases the returns on these investments are bound to improve on long-term investments. NRIs with a large corpus of funds can be assured of healthy returns if they buy property in India.

Let us look at different options for NRIs who wish to buy property in India:

Residential Real Estate

The options for NRI real estate investment in residential property are plenty. Depending on the long-term use and budget NRIs can choose to invest in metro cities, Tier 1, Tier 2, or Tier 3 cities. The large-scale infrastructure developments across cities are creating new markets in suburbs of large cities and new micro markets. Tier 2 cities are now attracting serious interest from developers in Kochi and investors as there are many projects to invest in at prices that are lower compared to large cities.

With an overall prediction of growth in the sector, returns on investment in smaller cities can be as lucrative as those in large cities if not more. There are many types and formats of residential properties ranging from flats, apartments, independent houses, villas, and plots to luxury and ultra-luxury segments with innovative amenities to fulfill the personal and social aspirations of the residents. The development of self-sufficient townships that have all the features of residential projects with social infrastructure is on the rise meeting the demand for these by modern home buyers.

Commercial real estate

Although commercial real estate requires more capital for investment it also commands higher rentals and prices. The economic growth is fueling the growth of current and new businesses which ultimately require commercial spaces for their operations. Investing in retail spaces, office properties, industrial plots, mixed developments, and warehouses can be highly lucrative for NRIs. The investors can be assured of healthy returns as the economic growth is expected to be robust till 2030.

Real Estate Investment Trusts (REITs)

REITs are funds that invest in real estate stocks in the capital markets. The returns earned as rentals and mortgages are paid to the investors in the form of dividends. These investment instruments are like mutual funds where investors do not individually buy or invest in properties but instead invest in a pool of real estate equity.

These are the various investment options in real estate that NRIs can invest in. It is always advisable to perform due-diligence before investing in any property or instruments by consulting industry experts and doing market research.

The Growing Demand for Sustainable Housing in Kerala
CategoriesBlog Kerala Real Estate

The Growing Demand for Sustainable Housing in Kerala

God’s own country is known for its scenic beauty and rich cultural heritage. Nature has been generous with the state in blessing it with breathtaking landscapes, serene mountains, golden beaches, and a clean environment. The richness of the land needs preservation and the residents of Kerala are realizing this.

With the demand for eco-friendly and sustainable homes increasing steadily, most builders in Kochi know that it is the future of real estate in Kerala. Eco-friendly homes offer a healthy environment to live in as well as several financial benefits to leave behind a legacy for future generations.

Sustainable Housing

Construction of homes by traditional methods increases the carbon footprint due to excessive use of concrete, emission of greenhouse gases, and depletion of natural energy resources. Sustainable housing focuses on reducing environmental degradation and conserving non-renewable resources.

1. Energy efficiency can be achieved by using renewable energy resources like solar energy panels, energy-efficient appliances, and homes designed for natural lighting and ventilation. Wind, hydropower, and biomass are other sustainable options.

2. Sustainable materials like eco-friendly bricks, stone blocks, limestone blocks, and eco-friendly cement can replace traditional building materials with a high carbon footprint.

3. Conserving water by employing rainwater harvesting, recycling, and reusing household wastewater and better water management systems can go a long way in conserving water.

4. Waste management like the segregation of waste and recycling waste for composting that can be reused in the residential ecosystem are ways of improving efficiency.

Benefits

Eco-friendly sustainable homes offer several benefits to residents.

1. Energy and water-efficient homes help reduce utility bills adding to the savings.

2. Sustainable materials have a longer life and reduce the cost and effort of maintenance.

3. They offer a healthy lifestyle in an environment with a lower carbon footprint and by using natural resources like wind and sunlight.

Trends

1. Most projects in Kerala now aim to get green certifications such as LEED and IGBC to promote eco-friendly homes in high demand.

2. Energy-efficient buildings and vertical gardens are common in any property in Kochi including luxury properties proving that luxury and sustainability can co-exist.

3. The presence of open green spaces allows for a healthier lifestyle by promoting physical exercise like walking and outdoor activities.

4. Smart homes and home automation can help optimum utilization of resources reducing carbon footprint.

The Kerala government has made a great effort to promote sustainable real estate development by introducing green building norms and incentivizing eco-friendly practices. By educating home buyers to opt for sustainable homes and eco-friendly living practices the demand for sustainable housing has a green future.

Exploring Real Estate Investment Opportunities in Kerala
CategoriesBlog Real Estate Investment

Exploring Real Estate Investment Opportunities in Kerala

Kerala is one of the top investment destinations in India. Several reasons like a booming economy, changing buyer preferences, IT growth, and rising tourism in the state are responsible for this. The state is one of the top investment destinations for high-net-worth Individuals (HNI) and Non-resident Indians (NRI). Kerala is already known to receive one of the highest international remittances in the country. The new opportunities in the real estate investment landscape present a bright future for the industry in the coming years.

Real Estate Ecosystem

The Kerala real estate market is expected to undergo several transitions in the coming few years. The rapid urbanization driven by the growth of several industries like IT and Tourism will boost the demand for residential real estate. The demand for homes that blend elegant architecture, modern design, and seamless connectivity is increasing as millennials are making conscious choices for their homes. Smart home features and energy-efficient designs are shaping the evolution of new projects in Kerala. The importance of sustainable and eco-friendly projects is gaining more value every passing year.

Top locations

Kochi

Kochi is the perfect blend of growing employment and economic opportunities, natural scenic surroundings, and growing infrastructure. Builders in Kochi realize that these factors make it one of the top investment destinations in the state. The annual appreciation in property prices and rentals makes property in Kochi one of the favorites for HNIs and NRIs. Important infrastructure developments like the Kochi Metro project being expanded with the Kochi Water Metro project and improved road connectivity will have a significant impact on the property market.

Thiruvananthapuram

The capital city of Kerala is becoming the next growth hub of the state with a major demand for both residential and commercial real estate.

Technopark of Trivandrum is one of the driving forces for the growth in housing and retail spaces.

Upcoming cities like Kottayam and Palakkad are the next growth destinations for real estate in Kerala. The infrastructure growth and connectivity to other locations in the state make these cities ideal investment destinations as they gain attention as the nest growth destinations. Kozhikode is known as the cultural hub and education destination because many reputed institutions offer professional courses. It has a good mix of residential investment options.

Residential

An investor has many options to invest in the state, right from flats, apartments, villas, and independent bungalows to luxury and ultra-luxury homes. As the affluence of the home buyer and investor increases the demand for luxury and ultra-luxury homes is seeing significant growth. The state’s natural beauty and cultural heritage make it an ideal location for hospitality real estate like vacation rental homes, boutique hotels, resorts, restaurants, and cafes.

Commercial

The IT sector has changed the face of Kerala as it continues to grow every year. Commercial real estate like office spaces and business parks offers lucrative investment opportunities as commercial real estate offers higher returns.

By conducting proper due diligence and effective research investors can make the most of the profitable opportunities that Kerala real estate investment presents in the coming years.

Abad Sunrise Park 4 BHK Flats in Kochi
CategoriesBlog Project of The Month

Abad Sunrise Park: 4 BHK Flats in Kochi

ABAD Builders has been one of Kerala’s leading real estate developers, committed to delivering luxury properties that strike the perfect balance of being environmentally friendly, cosmopolitan, and comfortable while also being best for value forms of investment. With two decades of experience, each of the projects is carefully built with the latest structural engineering technologies and incorporates amenities of modern urban living strategically located in some of Kochi’s most sought-after residential areas, thereby ensuring greater appreciation in real estate value.

ABAD Sunrise Park

Engulfed in a healthy serving of rich foliage and set amidst a serene, rapidly progressing, and well-connected neighborhood rests your ultimate dream haven, a contemporary embodiment of enriched living. Conceived to provide the perfect ecosystem for people to live, work, relax, and indulge themselves, all at one convenient address, Abad Sunrise Park, Nettoor, is a privileged enclave of tastefully designed luxury flats in Kochi to echo comfort, style, and luxury at every level, ensuring that a home is not just a place but a feeling, a feeling of pride.

Glazed in serenity and style, the tower of Abad Sunrise Park, stands tall as an exclusive enclave of homes spread across 12 floors. This edifice is bound to delight its owners with its richness and unique architectural design offering 45 comfortably large 3 and 4 BHK flats in Kochi with best-in-class common amenities and upgraded specifications. Peaceful walking paths and meditation gardens provide solitude to residents. Ample spaces on the ground, first floor, and rooftop offer many leisure and recreational facilities, adding bliss to the enjoyable times spent here. With a sky bridge connecting two wings, the terrace offers enchanting features with a multitude of soothing amenities for elders, youngsters, and children to unwind and celebrate the living spaces.

The tower is an embodiment of unsurpassed plentitude and majesty. From vast living rooms to spacious bedrooms, to expansive landscaped green areas. From comfort to convenience, leisure to pleasure, seating to jogging, running to swimming, meditation to entertainment, indoor to outdoor. For little ones and veterans, for health and fitness, for evenings and mornings, for residents and guests, Abad Sunrise Park has a place for everything and everyone, and a new reason to celebrate every single day in a lot fuller way than the day gone by.

Some of the best-in-class amenities include a Swimming pool and Kids Pool, a Well-equipped AC Fitness Center, a Play Area, an outdoor gym, and a Jogging Track meant to keep you in the best shape. A Yoga Meditation Center and Green Area with a Game Zone to ensure your mental well-being. AC Multi-Recreational Hall, Barbecue Area, and Lobby to keep you and your guests entertained.

Abad Sunrise Park is conveniently located and has easy access to social infrastructure and public transport.

Some important landmarks include:

1. Maradu Market – 800 Meters
2. Lakeshore Hospital – 1.5 km
3. Crown Plaza – 1.9 km
4. Kundanoor Junction – 2 km
5. Kumabalam Railway Station – 2.5 km

Abad Sunrise Park is an ultimate amalgamation of luxurious homes, comforting surroundings, and world-class amenities and conveniences to create wonderful memories for life.

Uncover Your Dream Home in Kerala with ABAD Builders
CategoriesBlog Real Estate Investment

Uncover Your Dream Home in Kerala with ABAD Builders

The state of Kerala, with its rich cultural heritage and vibrant economy, has been witnessing a rapid transformation in its real estate sector. Among the myriad of builders in Kerala, one name stands out for its commitment to quality, innovation, and customer satisfaction – ABAD Builders. With a legacy spanning decade, ABAD Builders has emerged as a trailblazer, shaping and redefining the standards of excellence among the apartments in Kochi.

A Legacy of Trust and Excellence:

ABAD Builders, established in 1995, has established itself as a trusted and reputed brand amongst the builders in Kerala. The company’s journey is characterized by a relentless pursuit of excellence, a commitment to ethical business practices, and a focus on customer satisfaction. Over the years, ABAD Builders has successfully delivered a diverse portfolio of residential and commercial projects, each a testament to the company’s unwavering dedication to quality and innovation.

Unparalleled Architectural Marvels:

One of the key factors that set ABAD Builders apart from the builders in Kochi is their emphasis on architectural excellence. Each project undertaken by the company reflects a harmonious blend of aesthetics, functionality, and sustainability. From luxurious waterfront flats in Ernakulam to innovative commercial spaces, ABAD Builders’ projects are a visual delight that seamlessly integrates with Kerala’s urban landscape.

Commitment to Sustainability:

In an era where sustainable development is paramount, ABAD Builders takes a proactive approach towards eco-friendly construction practices. The company incorporates green building concepts, energy-efficient technologies, and eco-friendly materials in its projects, contributing to a healthier and more sustainable environment. ABAD Builders is not just building structures; it’s crafting spaces that respect and preserve the natural surroundings.

Customer-Centric Approach:

ABAD Builders understands that a home is not just a physical structure but a sanctuary of dreams and aspirations. The company places a strong emphasis on customer satisfaction, ensuring that every project meets the unique needs and expectations of its clients. With a customer-centric approach, ABAD Builders has garnered a loyal clientele, establishing long-lasting relationships built on trust and transparency amongst apartments in Kochi.

Services

ABAD Home Care Division provides a host of auxiliary services for flat owners to make their lives easier and more joyful. From facilitating the formation of the residential association to maintenance works that arise even after sales, ABAD Builders provide customers with the necessary support to ensure the smooth handover of properties.

An in-house interior designer service is available for those seeking to re-design their apartments. After detailed estimations and drawings are taken, ABAD’s interior design team will execute the works, shaping the interior space of the apartment to your liking.

Every completed project will be provided with housekeeping services to ensure the maintenance of properties. Common areas such as stairs, driveways, and common toilets will be cleaned, and gardens managed to ensure the cleanliness and longevity of our properties. This division also facilitates and coordinates electrical, plumbing, air-conditioning, and carpentry services. Trained technicians attend to any of the properties’ necessary reworks and rectification works.

To sum it up, ABAD Builders has a proven track record of providing not just the best homes and facilities but also the services needed to maintain your home to the same standards as it was delivered.

Why Buying a Flat in Kochi Is a Smart Move
CategoriesBlog Real Estate Investment

Why Buying a Flat in Kochi Is a Smart Move

Kochi, or Cochin, the queen of the Arabian Sea, is a natural wonder in the south Indian state of Kerala. Known for its scenic natural beauty and as a cultural hotspot, this city is also witnessing tremendous economic growth. The city offers its residents a chance for holistic living with many experiences to explore. Most reputed Builders in Kochi have recognized the city’s potential as a major attraction for new home buyers.

Let us look at some of the specialties of Kochi which distinguish it from other residential destinations:

Lap of nature

Located in the heart of God’s own country, Kochi is blessed with the lush greenery of the tropics that mesmerizes anyone who visits it. With a serene network of backwaters, lagoons, and islands, residents can enjoy a peaceful and idyllic environment. Residents of flats in Kochi enjoy the coastal lifestyle, pristine beaches, and unique seafood known only in this region. Who hasn’t heard of the tranquil backwaters of Allepey? One can enjoy boat rides, houseboat stays, and still waters from time to time.

History and Culture

The city’s rich history dates to many centuries. It has been a major trading hub attracting many traders and explorers from all over the globe. Historical monuments like the Chinese Fishing Nets, Mattancherry Palace and Fort Kochi are witnesses to the city’s past. The diverse influences of many cultures from different parts of the world like Arab, Europe, and Chinese are seen in various cuisines, architecture, and festivals thriving in the city.

The art galleries, theatres, music festivals, and exhibitions have made the city famous as a melting pot for culture enthusiasts and attract many from all over the country and the world.

Infrastructure

Kochi has been identified as one of the 20 smart cities by the Ministry of Urban Development, Government of India through a competitive selection process. This means that the city will get a special focus on the development of planned and improved infrastructure. The focus will be on E-Governance, water management, power supply, sanitation, solid waste management, efficient urban transportation, and IT Connectivity.

The city is well connected to the rest of the country and world by air, road, and rail. The domestic and international airports, state and national highways passing through it, and railways give access to all major hubs and cities within the state and country. The network of roads in the city is the principal mode of movement of transport within the city.

Economy

The Kochi Refineries, Kochi Shipping Yard, Eloor Industrial Estate, Kakkanad technological cluster, and the Special Economic Zones are the major hubs for industrial activity in the region. These regions are responsible for the major economic development in the city and account for the presence of more than 450 IT companies and 250 companies from other industries. The demand for housing and commercial real estate is fuelled by these developments. This demand is forecasted to keep growing in the future too.

Real Estate Scenario

There are several reasons for Kochi being the preferred destination to settle down. The city is rated as one of the safest cities to live in India. Living in Kochi is affordable, and the booming IT industry is attracting many professionals to migrate to the city. These factors are responsible for the rapid development of the real estate sector.

It boasts of well-planned residential areas, excellent connectivity, modern healthcare facilities, educational institutes, shopping malls, and entertainment options. The city has a robust economy driven by tourism, shipping, and marine and Information Technology industries. The government’s special focus on developing these sectors has resulted in the generation of major employment opportunities for those who wish to make the city their home. The Cochin Port and Kochi International Development have further boosted the city as a hub for economic activity.

Developers and Builders

The major reputed builders in Kochi offer modern luxury flats in Kochi to meet the demand of the uber home buyer. They are constantly innovating to distinguish themselves from the competition and win the approval of discerning NRI investors and buyers. Luxurious gated villas, deck-style apartments, personalized services, and heightened security systems are some of the innovative facilities that meet international standards. The luxury 3 BHK flats in the Kochi market are more spacious than budget apartments.

The social, cultural, and economic conditions in the city of Kochi provide a healthy environment for home buyers who wish to settle in Kochi as well as investors who wish to participate in the city’s growth story.

Kochi Real Estate Overview
CategoriesBlog Location of The Month

Kochi Real Estate Overview

Kochi is known as the Queen of the Arabian Sea for its natural beauty, scenic views, and rich cultural heritage. It is a top choice for domestic and international tourists and has been ranked sixth among the top tourist destinations of India by Nielson. According to McKinsey Global Institute, Kochi is one of the top 28 Indian cities that will be a part of 440 global cities which will make for 50% of the world’s GDP by 2025.

Infrastructure

Kochi has been identified as one of the 20 smart cities by the Ministry of Urban Development, Government of India through a competitive selection process. This means that the city will get a special focus on the development of planned and improved infrastructure. The focus will be on E-Governance, water management, power supply, sanitation, solid waste management, efficient urban transportation, and IT Connectivity.

The city is well connected to the rest of the country and world by air, road, and rail. The domestic and international airports, state and national highways passing through it, and railways give access to all major hubs and cities within the state and country. The network of roads in the city are the principal modes of movement of transport within the city.

Economy

The Kochi Refineries, Kochi Shipping Yard, Eloor Industrial Estate, Kakkanad technological cluster, and the Special Economic Zones are the major hubs for industrial activity in the region. These regions are responsible for the major economic development in the city and account for the presence of more than 450 IT companies and 250 companies from other industries. The demand for housing and commercial real estate is fuelled by these developments. This demand is forecasted to keep growing in the future too.

Real Estate Scenario

There are several reasons for Kochi being the preferred destination to settle down. The city is rated as one of the safest cities to live in India. Living in Kochi is affordable, and the booming IT industry is attracting many professionals to migrate to the city. These factors are responsible for the rapid development of the real estate sector.

The builders in Kochi are developing residential and commercial real estate to meet the growing demand. From budget to luxury apartments, independent houses, and villas, the home buyer and investor have a range of choices offered by leading developers. Most of the flats in Kochi have the best amenities and facilities that meet international standards. 2 and 3 BHK flats in Kochi are the preferred configurations by home buyers and investors.

The pricing for residential homes ranges from ₹2000 to ₹9000 per square feet depending on the locality and type of projects. Some of the major locations are Kakkanad, Edapally, Kaloor, Thevara, Aluva, Panampilly Nagar etc. Kochi is a major hub for real estate and is poised for growth in the coming years.

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