Investment Opportunities in Kochi

Q: Hi, please throw some information on any investment opportunities where people can invest in and what are the present rates prevailing in these areas?

Ayesha Bibi, Kochi

18th February 2015

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Replies (18)

you know..the Lulu Group is also building another nine lakhs square feet of IT space at Infopark and also they will submit the proposal within a week to the environment ministry for clearance. For investments and all, this time seems very good as the second phase of the infopark has also successfully attracted many large players.

Ashwini Eradi, Kochi

8th March 2015

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Actually, the L&T has a four lakh sq. ft building called Tejomaya. The Lulu group has acquired the L&T tech park for 150 crore rupees and have also proposed to change the name to Lulu Tech Park ltd. The project will employ around 13000 to 15000 professionals.

Suneel Chakyar, Kochi

7th March 2015

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I think that the Lulu Group is planning to invest in Infopark. From the information that I got, it said that the NRI businessman and owner of Lulu group Mr. MA Yusuf Ali will invest some 350 crores to develop the L&T Tech Park.

Rajiv Unnithan, Kochi

6th March 2015

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Hey, even though the real estate market is recovering, the developers are also illegally cribbing the new FSI norms. Most of them which I know are bringing down the FSI from 4 to 2.75 and the minimum road width has also enhanced from 5 metres to 7 metres which has pushed the land prices up for their development.

Vijaykrishna Nayar, Kochi

6th March 2015

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If you take the case of the investments in the commercial markets, one thing I have to say is that the Infopark has already attracted major IT companies like TCS, Wipro, Affiliated Computer Services, OPI Global, IBS Software Services as well as US Technologies. I think that the demand for the housing in Kakkanad is gaining more prominence because of the coming of such IT Majors and MNCs in Kakkanad also.

Abraham D'souza, Kochi

4th March 2015

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Hi, I think that the high-end projects are finding ready acceptance in some areas..such as marine drive and also in nearby towns like Thrissur and all..for example, the shobha developers launched villa project in 2 crore price range and high end apartments in 70 lakhs to 1 crore price range. And these houses are also in great demand.

Mary Rozario, Kochi

3rd March 2015

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But, in Kochi, even though this might affect to some extend, my opinion is that the population is divided into two categories: one is the NRIs and the other is the residents. This is why, the home loan rate hike will not have much impact because, not all of them are going to take home loans for investments.

Austen D'silva, Kochi

2nd March 2015

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I think that the demand for housing is facing a little dip. In my opinion, In my opinion, the consecutive hikes in the home loans lending rates is one factor. Another factor is the dip in the affordability. The potential buyers are postponing their decision making.

Robert Almeida, Kochi

1st March 2015

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The system of the auction is like this: they will first invite quotes from the interested parties for all the plots. And then after completing this process, they will hold the auction. Only those who submit the tender are allowed to participate in the auction. The tender documents will be opened at the time of auction, and plots will go to the highest bidder.

Rajiv Unnithan, Kochi

28th February 2015

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there was also an initiative and aim by the Greater Cochin Development Authority and the government to drive away the unauthorized occupants in these lands. This program has also enabled the authorities to identify and auction small holdings that face the threat of encroachments.

Rajagopal Menon, Kochi

27th February 2015

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Oh yes…that land is near to the place I live. Actually, at the auction, even though the fair value was only 8 lacs, the property was bought at that auction for around rs. 14.80 lacs per cent. I think this was a very successful bid by the GCDA, no?

Vijaykrishna Nayar, Kochi

26th February 2015

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I came to know that now itself the land sale has begun….i am sure of one sale out of the 90 cent. The authorities have already sold 11 cents near to the government school at Aluva region. The GCDA quoted fair value for the plot as 8 lakhs per cent.

Ashwini Eradi, Kochi

24th February 2015

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Hey, I happened to be in a press meet where the GCDA Chairman, Mr. N Venugopal said that they will be assessing the value now. Depending on the location, the fair value of the plots can vary from rs. 7 lakhs to rs. 20 lakhs per cent.

Suneel Chakyar, Kochi

21st February 2015

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In the recent years, the encroachment in the area has become rampant as the demand for land became more and more. Along with this the government authorities, especially, the Greater Cochin Development authority people could not effectively utilize and manage such small land holdings. I think this is the reason that has forced GCDA to sell such properties.

Deepak Shetty, Kochi

20th February 2015

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Yeah..one of my friends told me that the GCDA has fixed the land price of these small holdings. The price was fixed after considering the prevailing market price in the various regions where they had holdings. I think the plots which were identified were included Panampilly Nagar, West Rameswaram, Kaloor, Kathrikadavu, as well as Kakkanad.

Krishna Abhijath, Kochi

20th February 2015

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Hey, i think that the prices of the properties have gone up by around 20-30 per cent but are currently holding steady across micro markets as well. I think this is not likely to rise any soon. so, i think, this will be a good time to invest in the properties in Kochi.

Rajesh Menon, Kochi

20th February 2015

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Vineet David, Kochi

18th February 2015

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Hey, recently the GCDA planned to sell many properties and plots that are with them. The Executive committee of the development authority will be approving the proposal for the auction, I think. There will be an auction of around 90 cents of land that are scattered in and around the city and suburban areas.

Rajneesh Nambeesan, Kochi

18th February 2015

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