Kochi Real Estate Facts

• Over 100 apartment & villa projects are under various stages of constructions in Kochi. Abad Builders, Asset Homes Pvt. Ltd, Chakolas Habitat, Confident Group, DLF, Gokulam Builders, Heera Constructions, Infra Housing Pvt. Ltd., Jain Housing & Construction Pvt. Ltd, Kent Construction, Mather Projects & Constructions, Nitesh Estates, Oceanus Dwellings, Purvankara, RDS Kochi, Shoba Developers, Skyline Builders, Skyline Foundation & Structures Pvt. Ltd., SRK Constructions are some of the builders in Kochi with mega and multiple projects.

• Kochi is soon to witness several high-rises, including 40-floor apartment, for the first time in Kerala. And there are several 20+ and 30+ floor projects under constructions in locations like Kakkanad.

• According to a prominent builder (during an interview I had with him last year) said till 2006, NRI customers were 70% and 30% residential customers, for both apartments and villas. The trend changed during later part of 2006 and since then both NRI and residential customers shares an equal 50%.

• In most of the locations in Kochi, area per square feet rate for apartments is between Rs.2, 000 and Rs.3, 500. For luxury apartments, the rates start at around Rs.3,650 per square feet. For villas, the price ranges from around Rs.1,200 to Rs.3,500 per square feet.

• Projects like Infopark created a swirl in the real estate industry. International Container Transshipment Terminal, Metro Rail, Cochin International Airport Ltd. (CIAL) Park, Marina, Port Based Special Economic Zone, International Bunkering Terminal, Crude Oil Handling for BPCL – Kochi Refineries, KINFRA Hi-tech Park (Biotechnology) are some of proposed projects / projects underway. These projects will create further demand for Kochi as a real estate destination.