Cochin is undergoing a massive change in its demography over the past few years. The arrival of IT parks and boom in the hospitality sector have resulted in greater influx of migrants from other states. Greater job opportunity also meant the return of the Non Resident Keralites. As a result there is a huge demand for homes in and around Cochin. The greatest development in Cochin is seen in Kakkanad. Many IT parks including the upcoming Smart City are all located in Kakkanad. Another big advantage that Kakkanad has is its proximity to the Seaport-Airport road that connects the Cochin International Airport to the Cochin port via the Cochin Special Economic Zone (SEZ). Also, Kakkanad has seen a rise in number of educational institutions in the past few years, thereby making it the most sought after place for new housing projects.
The development is not just concentrated in the IT sector. The shipping industry will see an immense development once the Rs. 2200 crore Vallarppadam International Container Transshipment Terminal gets completed. Another major boost for the commercial development in Cochin comes in the form of Rs. 2500 crore LNG Petronet project.
All these will lead to more job opportunity and more demand for quality housing. With such huge infrastructure development in near future, it is only wise to invest on real estate. As the demand rises, there will be huge escalation in the real estate prices.
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