Aluva, Kochi sees convergence of Luxury and Affordable residences
Aluva, which is located about 26 km north of Kochi has gained in prominence as a residential destination in recent years. Due to its strategic location along the NH-47, it is a much sought after area for residential property. Besides being well connected to all areas across the city, the other factors that sets it apart as a feasible residential destination are the excellent infrastructure facilities as well as the affordability factor in many pockets. However, the area is also renowned for many luxurious waterfront villa and apartment projects, particularly in pockets particularly along the Periyar River.
Connectivity
Aluva is well connected to all areas in the vicinity through the NH-47 which runs along the area. Due to the well-knit road network, traveling to Kochi is also a breeze, provided the traffic hassles are discounted. Some of the other prominent roads in the vicinity are the Edapally-Panvel highway, the ICT Road, the Aluva-Panvel Road and the Main Central Road. Aluva has a railway station where most of the trains stop. The Cochin International Airport at Nedumbassery is located about 12 km away from Aluva, off the NH-47 at Athani, via the Airport Road.
Infrastructure
Aluva has some excellent infrastructure facilities inspite of being an emerging realty market. Some of the reputed schools in the area are the Talent Public School, SPW High School, Rajashree School etc. Two prominent colleges in Aluva are the UC College and the St. Xavier’s College for Women. Some important religious institutions in the area are the Sree Mookampika temple, Uliyannoor Shiva temple, Kunnathery Jamaath, St.Joseph’s church etc. There are a few hospitals in the area like Carmel hospital, Karothukuzhi Ayurveda hospital etc which provide quality health-care facilities. Besides, there are many other important facilities like banks, shopping centres, restaurants, companies including a few belonging to the IT sector etc. Aluva is also renowned for being the place where the three tributaries of the famous Periyar River converges with the Pooyamkutty River. The Aluva Sivarathri Manappuram which is renowned for hosting the Sivarathri celebrations annually with religious grandeur is located at the meeting point of these rivers.
Developers and Realty scenario
Some of the important residential pockets in Aluva include Thottakkattukara, Desam, Periyar Nagar, Kadungalloor, Uliyannoor, Choornikkara, Asokapuram, Kunnathery Thikavu etc. Most of the residential units in Aluva are either 2 or 3BHK apartments, while there are many villas as well. The area is also renowned for its waterfront villas and apartments, facing the Periyar River, particularly in the Periyar Nagar locality. Some of the prominent luxury residential projects in Aluva are Riverine Villas by Manjooran Housing, The Garden by Trinity Developers, Shwas Queen Villas by Shwas Homes etc. Most of these units are 4BHK villas measuring above 2,000 sq.ft. The value of such units is upwards of Rs 85 lakh, with their sq.ft value ranging between Rs 4,000-8,000 per sq.ft. Some of the affordable residential projects in Aluva are Oxoniya Rivera Mansion by Oxoniya Builders and Developers, Trinity Periyar Winds by Trinity Developers, Periyar Infinia by Amity Projects etc. Most of these are 2 or 3BHK units measuring between 800 and 1,200 sq.ft. The value of these units ranges between Rs 20-40 lakh, with their sq.ft value ranging between Rs 2,500-3,000 per sq.ft. .
Future Prospects
Due to the availability of residential units at affordable values, Aluva has the prospect of developing into a prominent residential destination on the fringes of Kochi. Many prominent developers have come up with waterfront apartment and villa projects to cater to the burgeoning demand for such homes from the uber-rich section of buyers. The area is a confluence of both luxurious as well as affordable residential units, and developers cater to these varying requirements. The area is expected to witness considerable development in terms of infrastructure facilities. This will go a long way in enhancing its appeal among buyers and investors.
