Panampilly Nagar: Fast developing residential area in Kochi
Panampilly Nagar is a fast developing residential micro-market located about 6 km from the heart of Kochi. The area which is presently buzzing with activity, both in terms of residential projects as well as commercially, was formerly an unknown area tucked away from the city. Until the 1970s, a part of the area was used for cultivation while the remaining area was a barren muddy piece of land. Incidentally, it was also one of the first residential colonies in modern Kochi. The area has gained in stature as a prominent residential area in subsequent years with many renowned developers coming up with their residential projects here. The area offers excellent connectivity as well as good infrastructure facilities in addition. Even though there are many luxury residential projects here, it is also known for its affordable residential projects.
Connectivity
Panampilly Nagar is well connected with other areas across the city through some major roads like the NH-47(Salem-Kochi-Kanyakumari Highway), the Ettumanoor-Ernakulam Road as well as the Kundannoor-Willington Island Road. It is connected to the heart of the city through the Old NH-47 Road via the Vikranth-Venduruthy bridge and further via the Gateway of Cochin bridge. Some of the other important roads surrounding the area are the Kizhavana Road, the Parambithara Road, the Thoundayil Road, the KSN Menon Road and the KC Joseph Road, among others. The Ernakulam South railway station is just about a km away while the Cochin International Airport is about 31 km away.
Infrastructure
Considering that it is more of a residential cum commercial area, there aren’t any educational institutions of repute here. However, there are many health-care facilities here that include the Medical Trust hospital, the Vasan Eye Care hospital, the Panchajanya Ayurveda hospital and the Holistic Therapy center, among others. There are also many renowned religious institutions in the area like Sankunni Mandir, Shree Mahaveer Digambar Jain temple and the Ambikapuram church, among others. Besides, there are also many banks, shopping centers, IT companies, restaurants, as well as other facilities like parks and play grounds, among others.
Realty Scenario and Developers
Some of the prominent residential micro-markets surrounding Panampilly Nagar are Giri Nagar, Kadavanthra, Ravipuram, Perumannoor, KV Nagar, Indira Nagar, Vidya Nagar, Netaji Nagar, among others. Most of the residential units in the area are either 3 or 4BHK apartments. Some of the prominent completed apartment projects in Panampilly Nagar are Jains Wood Ford by Jain Housing and Construction, Infra Hamlin by Infra Housing, Nagpal Silver Streak by Nagpal Builders, among others. Some of the upcoming apartment projects here are Holiday Grandeur by Holiday Group, El Castillo by Mather Projects, Heera Winfaire by Heera Group, among others. The size of apartments here ranges between 1,200-1,800 sq. ft., with prices for apartments in the medium range ranging between Rs 3,500-4,000 per sq. ft.
Future Prospects
Panampilly Nagar has immense prospects to developing into a prominent residential area, with further infrastructure developments expected here in course of time. Due to the presence of many other important micro-markets in the vicinity, there is tremendous scope for residential development, with many prominent developers expected to come up with residential projects that could be worth the wait. Those looking for affordable residential accommodation in the area can also expect to find budget homes in lower price ranges.
