Galaxy Edifice

By: Galaxy Homes Private Limited in Kakkanad

Set in the fast developing Kochi, just off Kakkanad , Galaxy Edifice is located close to major schools, colleges, hospitals and shopping malls, ensuring that your daily life is convenient and hassle free. Not just that, the development is within immediate reach of major transport hubs besides being eminently accessible from all parts of the city via expressways and arterial roads. Fully equipped with all that you need to keep you and your family entertained, such as 24Hrs Water Supply, Compound, Fire Safety, Gated Community, Rain Water Harvesting, Vastu / Feng Shui compliant and Sewage Treatment Plant, Galaxy Edifice is the house just meant only for you. These finely planned and brilliantly laid out Apartments is available in a range of sizes and configurations. 2 BHK bedroom Apartments are available to choose from,based on your needs. This Residential layout is a dream project of Galaxy Homes Private Limited, a well known name in construction business. Currently Galaxy Edifice is completed.

Location Advantages: Galaxy Edifice is strategically located with close proximity to all civic amenities such as schools, colleges, hospitals, shopping malls, grocery stores, restaurants, recreational centres etc. The complete address of Galaxy Edifice is Kakkanad, Ernakulam, Kochi, Kerala, INDIA..

Construction and Availability Status:. Galaxy Edifice is completed project.

Units and interiors:. It offers spacious and skillfully designed 2 BHK at very affordable prices. Galaxy Edifice comprises of dedicated wardrobe niches in every room, branded bathroom fittings, space efficient kitchen and a large living space. Proper ventilation is there in every corner of the house.

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.