Q: Guys I recently heard about something that made me really happy. The startup village, has anyone heard about it? It seems a good prospect for real estate. Should I invest in property close to this place?
The initial plan was to extend this technology innovation zone by an additional 1.25 lakh square feet. The 25,000 sq. ft is just a part of that. This construction had been started much earlier but due to a number of reasons it kept getting delayed. But now we are hopeful that the village will be able to stick to its original goal of launching 1000 start ups over the next 10 years and as well as its dream of funding multi-billion dollar companies.
The startup village already supports around 679 startups, of which a major portion is student ventures. This trend of young entrepreneurs is fast rising throughout the country, and Kochi has also contributed to this growth. Currently there are over 3175 more start-ups that have applied to set up their office here. So you can see how much more growth potential the whole project has. An additional 25,000 sq. ft of space has already been planned here, which means more new enterprises, more job opportunities and more people looking to buy or rent properties close by.
Yes he’s right. The start-up village is still in its initial phases I feel. Its been around just two years, and I think it has some way to go before achieving its full potential. Already it has created around 2000 new jobs. This has already contributed to the growth of real estate in and around Kalamassery. There is plenty more to come. Also investing in a locality like Kalamassery can never be a bad idea. The property prices here are constantly rising, so it would be a good investment.
Hi there. Yes, the startup village idea in Kochi is finally taking action. And that also in our very own Kalamassery! I personally think that this will be a great time to invest in property. True, that the startup village will take some time to finally start being active to its full capacity, but the time for the investment is now. You don’t want to be buying property in a full market, when it is a popular feature of the locality and the property prices are sky-high.