Cochin / Kochi Property

Cochin properties provide an ideal base for the growth of IT companies and service sector in the country. With NASSCOM proclaiming Cochin as one of the most potential cities for the development of IT sector, leading national and international companies have turned their attention towards it. Indeed, Kochi is marked with excellent infrastructure, ample work force, real estate development, policy initiatives and availability of cheap bandwidth, which provide necessary framework for the growth of software companies.

With the emergence of Cochin as the next hot destination for IT and BPO professionals, the demand for all sorts of residential properties has reached a new level. As the number of companies and the people working in them are increasing at an amazing rate, so is the demand for various modes of housing solutions. The initiatives taken by several leading IT firms, such as Wipro, Tata Consultancy Services, Infosys, Ernst and Young, US Software, Allianz Cornhill, Sun Tec, IBS and Gemini in setting up their establishments in Kochi have increased the demands for commercial and official spaces too.

As the city offers an ideal environment for real estate development with high-grade infrastructural set up, such as uninterrupted power supply, urban transportation and international bandwidth, the real estate developers from all over India and also from the Middle East are landing up here with numerous residential and commercial projects. DLF, Ansals, Unitech, Prestige Group, Housing Development and Infrastructure (HDIL), Emaar MGF, Sobha Developers, Purvankara, Parsvanath etc. are some of the top builders of India that have made investments in Kochi. Besides, there are international players too, such as Dubai Internet City (DIC), EMKE Group of Abu Dhabi and KGA Group of Kuwait, that are working on commercial and residential projects in Cochin.

The real estate development and the fast growing demands for all kinds of Cochin properties in its wake have resulted a steep rise in property prices everywhere in the city. However, the rise in property prices has not been the same everywhere and some areas have seen as much as 60% hike in real estate price over a few years. On an average, the rate of appreciation in capital values is expected to be around 12-15% in the next few years. The lucrative Cochin real estate market is thus attracting investment from all corners of the country. The prospect for real estate investors seems brighter with the coming up of Cochin Special Economic Zone (CSEZ) .

The site indiahousing.com offers you detailed information on Cochin real estate on its various pages.