Confident Gardenia

By: Confident Group in Kakkanad

Project Highlights:

• 56 units

About the Project:

A collection of compact flats in Kakkanad, Kochi, is the newest addition to Confident Group's portfolio. The confident Gardenia for those hunting for budget apartments in Kochi is part of the 'Smile Homes' project. At a price of just 38 lakhs, Gardenia is all bound to expand in proximity to Infopark, one of the best places to buy in the country. The Gardenia consists of well-designed apartments with a gross footprint of 804 SQ.FT and a distinctive architecture of 2BHK. If you are a homebuyer for the first time or are searching for an opportunity to invest which will offer you a high return in a few years ' time, The amenities in Confident Gardenia include 24Hrs Backup Electricity, CCTV Cameras, Covered Car Parking, Gaming Cafe, Intercom, Landscaped Garden, Lift, Party Area and Security Personnel. Bank approvals of Confident Gardenia comprises HDFC Bank, LIC Housing Finance Ltd, ICICI Bank, Axis Bank and State Bank of India.

RERA No: K-RERA/PRJ/094/2020

Address: Near Info Park, Kakkanad, Kochi, Kerala, INDIA.

Advantage of  Project Location

• Vidyodaya School
• Federal Bank
• Primary Health Centre, Kumarapuram
• Infopark Campus
• St. Mary's Higher Secondary School
• St. Antony's Public School
• Abhijit School of Knowledge
• Bethlehem Girls High School

Locality Price Trends

Kakkanad is one of the prominent localities in Kochi. The price trends of Kakkanad has been witnessing various ups and downs. The price per sq. ft. was at Rs.3624 in Q4-2019 quarter and then depreciated to Rs.3579 per sq. ft. in the quarter of Q1-2020. In the Q2-2020 quarter, the locality price has been depreciated to Rs.3543. In the Q3-2020, the locality price depreciated to Rs.3508.

The area is not witnessing the correct demand and supply scenario at present. Though its proximity to various prime localities adds to the advantage of being a prominent locality and the rates of the property might catch up soon.

Kakkanad is a region in the city of Kochi, and is the administrative headquarters of the district of Ernakulam. It has seen considerable development due to its proximity to Kochi.

The Cochin Special Economic Zone (CZEZ) is based in this region. It is a multi-product economic zone with a large diversity in industrial activity. It is the third-largest Special Economic Zone in the country and the second-largest IT industrial park in Kerala. This has helped in the development of the region by improving the road works and other local services like hospitals, ATMs, and shopping areas. Kerala’s largest waterpark is also located here.

Kakkanad is also the broadcasting hub of Kochi, with many television and radio stations having their offices, studios, and broadcasting centres here.

Connectivity and Transit Points

Kerala State Road Transport Corporation buses and private buses are available throughout Kakkanad. The major bus stop in the region is the Kakkanad bus terminal, from where one can get buses to both local stops in Kakkanad and major towns in Kerala.

Major roads passing through Kakkanad are the State Highway 41 (SH-41) and the Seaport Airport Road. SH-41 connects Kakkanad to major towns like Pattimattom, Muvattupuzha, Mannakad, Thodupuzha, Vagamon, and Thekkady. The Seaport Airport road is a four-lane, 30-km highway connecting the Cochin Seaport to the Cochin International Airport, to be completed in three phases. The first phase was completed in 2013 and the second phase is scheduled to be completed in 2016. The highway passes through the Cochin Special Economic Zone and connects HMT, FACT, Kochi Refineries, and many oil terminals around Irumpanam. It also is a main cargo route between the air and sea ports at Kochi.

Ernakulam Junction Railway Station is the main railway station near Kakkanad. It is a major transit point in Kerala, and connects the region to places all around, including Shornur, Alappuzha, Willington, and Kottayam. Apart from local trains, many trains travelling to regions outside Kerala stop here.

Cochin International Airport is located 24 km away from Kakkanad centre. Flights to New Delhi, Mumbai, Bangalore, Chennai, Hyderabad, and Kolkata make a stop here. Flights to the Middle East and other parts of Asia are also available.

Major Landmarks

•      Kakkanad Junction
•      Wonderla Water Theme Park
•      Cochin Special Economic Zone
•      HMT Machine shop
•      Goldy's Art Gallery

Factors for Growth in the Past

Thanks to the IT boom in Kerala, Kakkanad has seen rapid changes over the years. Many international firms have been setting up offices here. The Smart City project has also influenced the development of the region to a large extent.

Because of the gradual urbanisation seen in this region, many builders and construction companies have launched projects here. Plot prices have risen over the years, and to accommodate the region’s growth, many new schools, hospitals, and shopping centres have emerged.

The junction between SH-41 and Seaport Airport Road is in the Kakkanad centre. It is a major transport route from the sea and air ports in Kerala.

Residential & Commercial Market

Residential Market Trends

Apartments are the dominant property type in the region, constituting a little over 70% of the real estate property in Kakkanad. The property price in the third quarter of 2013 was Rs 3, 600 per sq. ft. cost for individual houses. Residential plots cost around Rs 1,560 per sq. ft. and residential houses around Rs 4,200 per sq. ft. Multi-storey apartments sell at Rs 3,800 per sq. ft.

Commercial Market Trends

Commercial space rent varies between Rs 20-60 per sq. ft. and it is found throughout the Kakkanad region.

Major Challenges

The region receives heavy traffic in the form of cargo trucks because of its proximity to the Seaport-Airport road, which passes through the Kakkanad junction. This has also reduced the air quality considerably.

Water shortages also have been a major issue over the past few years, with certain regions having acute scarcity of water during the summer months.

Factors for Growth in the Future

Being the IT/ITeS hub in Kerala, the city has a high demand for housing. Real estate prices have doubled over the years, and is expected to climb higher with the completion of the Seaport-Airport Road.

The Infopark and Cochin Special Economic Zone (CZEZ) combined enclose 150+ IT companies. The demand for both housing as well as office space is set to stay high.

DLF Ltd, Infra Builders, Ebony Estates, Nitish Estates, Confident Group, ABAD Builders, and Trinity Builders and Developers have both completed and ongoing projects in Kakkanad.