City Search:KOCHI

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Kochi to become a preferred real estate destination

Posted on Jun 29, 2016
Kochi will become a highly- preferred real estate destination in the country driven by various infrastructure development projects in the city, which has been included in the list of Smart Cities programme, says a report.

"Kochi hits a six to become the next highly preferred real estate destination in India," JLL India said in a report.

All potential drivers like IT development for job creation, metro rail, the Smart City tag for basic infrastructure, port-based development for industry and commercial growth, airport terminal, foreign investment and tourism are emphasized in Kochi, it added.

"This will ultimately boosts demand for housing and make it one of the next highly-preferred real estate destinations in India," JLL India National Director & Head of Operations - Strategic Consulting A Shankar said.

Kochi - which was earlier struggling to recover from an oversupply scenario - would see a massive revival due to creation of demand from these initiatives, JLL said.

"Sustainable growth in real estate prices is now assured in the city, and this has incited new interests from numerous real estate developers from all over India who are keen to launch residential, commercial and hospitality projects there," JLL said.

The report highlighted that the Urban Development ministry identified the top 20 cities under the Smart City mission initiative through a competitive selection process. Kochi ranks 5th and expects an investment of Rs 2,076 crore for pan city solutions and area-based development.

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Aroma Group launches two luxury hotel properties in Kochi and Munnar in Kerala

Posted on Oct 29, 2015
UAE –based real estate and construction group, Aroma Group, has launched two luxury hotels under the Fragrant Nature brand, in Kerala at Fort Kochi and Munnar. The group announced the opening of these properties at an event held in Kochi last week. Build at an approximate investment of Rs 250 cr, these two five-star hotels will have all the modern ...
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Keys Hotels launches second hotel in Kochi

Posted on Jun 10, 2015
MUMBAI: Mid-market hotel brand Keys Hotels & Resorts has announced the launch of its hotel in Kochi, its second property in Kerala and 16th hotel across India.Kochi is one of the top destinations for international and domestic tourists and a recent survey conducted by the Nielsen ranks it as the sixth best tourist destination in India.Hotel Keys Ko ...
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Legend Group plans to invest Rs 500 cr in Kerala

Posted on Apr 14, 2015
Dubai-based Legend group will commence its India operations by launching the country's first residential apartment project with hybrid natural energy back-up in Kochi.Announcing this here today, the company said Arabian Legend Realtors Pvt Ltd, its Indian arm, was planning to invest Rs 500 crore in the first year and was targeting to build 10 milli ...
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Mistakes to avoid while investing in retirement homes

Posted on Nov 05, 2014
DK Saluja used to live in a government accommodation. As he was heading towards retirement, he decided to invest in a home which would suit his old-age needs. But before he could zero down on any location, he got retired. This left him with hardly any time for research on projects and location as he had to soon vacate his present house. Hence, he h ...
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Tips for expats to buy luxury property in Kochi

Posted on Nov 04, 2014
The Kochi residential luxury market has been growing at a healthy pace thanks to the expat and NRI community.Luxury housing segment is not restricted only to the city limits, with the launch of several luxury projects across Kakkanad, Wellingdon Island and Kandannur. The result has been an influx of international lifestyle projects that come up acr ...
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Pace of housing price rise slows on muted demand

Posted on Oct 18, 2014
While the real estate industry has witnessed a slowdown in sales over the last couple of years and is currently running on high unsold inventory, the quarterly house price index (HPI) compiled by the Reserve Bank of India for 10 major cities over the last four years based on actual registered transactions shows that the prices have been constantly ...
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Is it right to invest in tier II cities?

Posted on Oct 17, 2013
When a dejected Utpal Srivastava, a white collar professional working in Delhi, could not afford his dream abode in East Delhis Mayur Vihar and invested in a 2BHK housing unit in his hometown Raipur instead, he didnt realise hed hit the jackpot. The said property, bought in 2010 “for a pittance” has appreciated almost 70 per cent in three years ...
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Kochi suburbs witnessing demand-supply

Posted on Jan 04, 2013
KochiNew developments continue to spring up along the suburban areas of Kochi propelling the realty markets. According to Vatsal Prabhu of VP Estates, “There is huge demand for land around the city, especially in the suburban areas. The residential property values noted an average increase of 8-14 per cent during past six months.” Noticeably, the s ...
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Realty developers launch projects in Tier II and III cities

Posted on Dec 26, 2012
Reputed developers in the country are moving to Tier II & III cities owing to availability of land at low cost and a spurt in demand for quality housing here. Escalating costs in the metro cities has led to a big gap in the demand-supply chain, which is another factor pushing this trend.Developers like DLF, Parsvnath, TDI, Ansal API, Sobha Deve ...
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Tata Realty to invest over Rs 1700 crore in next 2-3 years

Posted on Aug 23, 2012
Tata Realty and Infrastructure Ltd (TRIL) proposes to invest over Rs 1700 crore in two to three years for various projects in the country, including Rs 550 crore in Kochi for a premium waterfront residential property, 'Tritvam', at Marine Drive.Apart from Rs 600 crore for developing roads, TRIL, a 100 percent subsidiary of Tata Sons Ltd, would also ...
Share on: launches ‘Rent a Flat’, a free flat rental service to cut out middlemen and build brand recall

Posted on May 14, 2012
Real estate group buying portal has launched a new service called Rent a Flat. The service is free of cost and with it users can look for flats/rooms on rent by posting their requirements on the site. Also, if someone has a room or a flat to rent out, they can also post what they have to offer. But to post a requirement, users have to lo ...
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HDIL to construct first project outside Mumbai

Posted on May 04, 2012
Mumbai-based real estate firm Housing Development and Infrastructure Ltd (HDIL) will build a 100 acre township in Noida, on the outskirts of Delhi—its first project away from its home turf. The project is crucial for the developer which hasnt launched a single project since last April and requires the much-needed cash flow from fresh projects.Hari ...
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Lebua Hotels & Resorts to open its second property in India in Goa by May 2013

Posted on Mar 30, 2012
After opening its first property in India at Delhi, Thailand-based luxury hotel chain Lebua Hotels & Resorts is expanding its footprint in India. The group is set to launch a 14-room, 40-villa property in Goa that will open its doors to guests in May 2013. The company is also scouting for land to build its third property, a resort hotel, likely ...
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Kotak Realty to invest Rs 120 crore in Parsvnath Developers

Posted on Mar 24, 2012
Parsvnath Developers is raising Rs 120 crore from Kotak Realty Fund for a new 100-acre integrated township project on Sohna Road in Gurgaon. Kotak Realty fund will get a 20% stake in the special purpose vehicle that will develop the yet unnamed project, more than one person in the know of the deal said.The project will be largely residential in nat ...
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IT Continues To Drive Demand For Commercial Space

Posted on Feb 21, 2012
The IT sector is set to expand its wings further, going by the demand for office spaces in the city and in the outskirts. Several tech parks on the Outer Ring Road (ORR) have large companies operating out of them, and residential clusters in the vicinity along with the necessary social infrastructure.This has created micro markets in localities suc ...
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Housing prices in Mumbai, Kolkata down; Delhi rates up in Q3

Posted on Feb 18, 2012
Prices of residential properties in Mumbai and Kolkata witnessed a downward movement while Delhi prices firmed up during the third quarter of the current fiscal, as per the latest Residex released by the National Housing Bank (NHB).Prices of houses in Kolkata and Mumbai declined by 0.5 per cent in October-December period of 2011-12 compared to prev ...
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Puravankara plans 17 million square feet of projects

Posted on Feb 15, 2012
Puravankara Projects, the Bangalore-based publicly-held realtor, is looking to roll out 17 million square feet of residential projects in the near future. Thecompany which focuses as much as 95 per cent on residential projects said that approvals for these projects are in the pipeline and they hope to havethem in place in 12-18 months time.The comp ...
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Upsurge in US in Chennai’s housing demand

Posted on Feb 11, 2012
According to the survey report has been conducted during the property exhibition conducted in Edison, NJ. Survey report explains 31% percent of the visitors shown their interest in Chennai for investing their hard-earned money in property market.The demand for other metro cities of India such as ranged from Bangalore, Hyderabad, Mumbai, Ahmadabad, ...
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Dewa Projects to launch premium housing project in Kochi

Posted on Jan 20, 2012
The Thiruvananthapuram-based Dewa Projects has announced the launch of a seven-tower, 24-storey residential project housing 605 waterfrontapartments on Marine Drive in Kochi. The Rs 600-crore project, christened Pier 20, will be formally launched by the chief minister, Oommen Chandy, onThursday at the 6.4-acre site where the project is coming up.Ad ...
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