There is a defining buzz of activity around Info Park. Huge structures are under Construction. Several are occupied. Smartcity and InfoPark are right opposite each other. At the moment access is from Kakkanad Civil Station which is beside Seaport-Airport Road. A new 100 feet road is under early, construction direct from Seaport Airport Road to InfoPark Boundary Wall! This would be just 3.5KM from Near Rajagiri College beside the Seaprt-Airport Road. (View the Location Sketch Below)
In Cochin, the development around Infopark,/Smartcity is definitely driven by IT Industries. But, its interesting to note that towering projects are coming up all around the city, right from Marine drive in West to Alwaye in North, Maradu/Thrippunithara in South and South East and off course Kakkanad in East.
The upcoming International Container Terminal, International Cruise Landing Facility, Exploding Business aided by export of commodities, is driving growth. The Airport and the Seaport are prime drivers. The Container Terminal at Vallarpadam is supposed to generate Billion Dollar Business with Cochin becoming Hub of international Shipping Activity. At the moment, all large ships (Mother Ships) are being diverted to Colombo, due to lack of berthing facility at Cochin.
Its promoted by DP World (the largest container terminal operator in the world and the project is being executed by its subsidiary, India Gateway Terminal.
www.igtpl.com/
During the Property Show by HDFC at Le Meridian Cochin on 29.06.07, out of some 35 Exhibitors, we found only 10 had projects in Kakkanad. All others (All Highrises above 15 floors upto 28 floors) are coming up, in and around Cochin.
The rising land price is driving people to flats. 5 Years back Kerala had no Apartments! It has been huge cultural change and the trend is catching up fast, in all major cities.
The best in India are already building in Cochin The list is tantalizing! DLF, Prestige, Ansals, Puravankara, Skyline, Confident Group........ How to Capitalize:
As per estimates done in June07, the total apartment units under planning/early construction is around 5000. This would again be delivered in 2 to 2.5 years time. Considering the growth and influx of people into Cochin, there has to be delivery of around 5000 apartments per year for several years to come. Price will rise and reach stable points of around 3000 to 3200/sft.
The investment opportunity is only there, if we pick the BEST at the VERY BEST Location. As we have seen at Hyderabad near Hitec City, price just can not go up continuously. It will spurt and then has to stabilize and be there for years, till income of people see significant rise.