Q:Hey guys, I’m considering investing in Kochi. I was told that the locality of Kalamassery has a lot of potential, what with the technology innovation zone and all that. Can you guys give me more info on this? What exactly is this technology innovation zone?
Latest Answer: The whole proposed facility is supposed to be spread over an area of 13.2 acres. The facility itself is going to be 3 lakh sq. ft big, and is being set up by the Technopark-Technology Business Incubator (T-TBI). The funds allotted to the further growth of this zone is Rs 150 crores. We’re expecting the plan to get ready within a month, and the TIZ to be fully operational in the next couple of years. Naturally, it will lead to more job openings and people are going to flock to Kochi. They will look for places to stay near this zone, so yeah, I also agree that Kalamassery seems like the right option to invest in Kochi at the moment.
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?
Latest Answer: 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.
