Post by moolah on Jul 27, 2009 18:12:08 GMT
Glittering malls, multi-storeyed commercial centres and high rise apartments dot the landscape of Cochin today. Today poised at Tier 2, the city is steadily inching its way up to Tier 1.5.A city of export-oriented industries, export trading houses, it boasts of a bustling tourism industry and can also boast of being the main port from where one can reach the islands of Lakshadweep, while also being the naval base for the Indian Navy. Not only does it house several institutions of repute like Coconut Development Board, Centre for Fish Disease Diagnosis and Management and the Lakshadweep Office, it is also the busiest port south of Bombay due to its year-round shipping facilities, lying as it does on a direct route to Australia and the Far East from Europe, while serving the vast southern hinterland of industrial areas and plantations. It is also South India’s passenger port for the United Kingdom and America. Moreover, it is one of the few ports of the world with all the three main forms of transport i.e. land, sea, and air, all centred in the same place. With a multi-religious population mix of Hindus, Muslims, Christians, Jews, Jains and Sikhs, Kochi wears a cosmopolitan outlook that helps fosters trade and encourages development, especially private enterprise. This has led Kochi to witness all round development, overall development coupled with excellent connectivity that has made it the prime driver of real estate in the city.
Real estate Cochin is poised for a quantum leap from its current status. The commissioning of Vallarpadom Transhipment Terminal and IT Parks will easily make Kochi the preferred destination for highly paid executives. Real estate appreciation will be higher than normal in Kochi, because there is a matching infrastructural support that is already under way. Educational institutions are in close proximity; accessibility is being improved through the seaport airport highway, and connectivity to satellite towns is beefed up. The prestigious Smart City Project ,better connectivity to satellite townships, easy access to the booming IT locations and large-scale relocation of companies to Kochi is driving real estate prices all the way upwards here IT and ITES sector firms have now begun to prefer Tier 2 cities for their expansion plans and are leading the relocation trend, while real estate rates in these cities are still within reach. As well, attrition rates are lower here, as living costs remain affordable. No matter which Government takes charge, it would not set the clock back for Real estate Cochin in terms of its development. The developmental activities are the real reason why the real estate business look rosy.
Today, Cochin may be labelled as a Tier 2 city, however with all the activity happening, it may well be on its way to becoming a Tier 1.5 city. The term Tier 1.5 is unique, but so is Cochin .So if you are planning to invest and looking for a good option, then do think about Cochin; having a home in this beautiful city would help you to avoid the scorching summer of the plains.
Real estate Cochin is poised for a quantum leap from its current status. The commissioning of Vallarpadom Transhipment Terminal and IT Parks will easily make Kochi the preferred destination for highly paid executives. Real estate appreciation will be higher than normal in Kochi, because there is a matching infrastructural support that is already under way. Educational institutions are in close proximity; accessibility is being improved through the seaport airport highway, and connectivity to satellite towns is beefed up. The prestigious Smart City Project ,better connectivity to satellite townships, easy access to the booming IT locations and large-scale relocation of companies to Kochi is driving real estate prices all the way upwards here IT and ITES sector firms have now begun to prefer Tier 2 cities for their expansion plans and are leading the relocation trend, while real estate rates in these cities are still within reach. As well, attrition rates are lower here, as living costs remain affordable. No matter which Government takes charge, it would not set the clock back for Real estate Cochin in terms of its development. The developmental activities are the real reason why the real estate business look rosy.
Today, Cochin may be labelled as a Tier 2 city, however with all the activity happening, it may well be on its way to becoming a Tier 1.5 city. The term Tier 1.5 is unique, but so is Cochin .So if you are planning to invest and looking for a good option, then do think about Cochin; having a home in this beautiful city would help you to avoid the scorching summer of the plains.