Hello, yes Joy Allukas is entering with real estate projects in Kochi, like the above person said. They consider that there is an enormous potential in Kerala’s real estate market and it will considerably grow in the next few years. Apart from Kochi, they also have plans to launch various projects in different parts of the state. They have innovative technologies in mind like tapping solar energy in a big way to reduce to usage of power consumption, and the LED lights in common areas of their residential projects will be powered by solar energy. They also have plans to go green. Apart from residential projects, they also have plans for malls.
Yes, the multi-million dollar conglomerate has indeed entered the real estate scene. And they have started their residential projects in Kochi. So, they’re having big plans for Kochi. The projected is estimated to be of the budget 300 crore and it is a 22 storied building with houses of 3 BHK and 4 BHK. It is expected to be ready in the year 2016. There is a new division in Joy Allukas that has planned for one more project in Kochi itself. According to sources, they have been having this plan for more than three years and now they are executing it.