Kakkanad: Booming residential destination in Kochi
Kakkanad is situated about 17 km away from the heart of Kochi. Strategically located about 4 km off the NH-47 along the Ernakulam-Thekkady road, it has turned into a booming residential realty market in recent times. The rise in demand for residential property in the area can be attributed to various factors. They include the connectivity, infrastructure facilities, presence of various IT facilities, as well as the wide range of residential property options that Kakkanad offers.
Connectivity
Located in close proximity to NH-47, Kakkanad is well connected to all areas in the vicinity and across Kochi. It is located along the Civil Line road, which is an off-shoot of the NH-47. This road extends beyond as the Kakkanad-Pallikkara road, which further extends as the SH-41 towards Thekkady. The Seaport-Airport road criss-crosses this road near the Kakkanad civil station. The Nedumbassery airport at Kochi is located about 24 km away from Kakkanad along the NH-47. The nearest railway station from the area is the Edapally railway station, located about 5 km away.
Infrastructure
Kakkanad is renowned for its excellent infrastructure. Some of the reputed schools in the area are Bhavans Adarsha Vidyalaya, Marthoma Public School etc. Some of the other important educational institutions in the area are Rajagiri School of Engineering and Technology, Rajagiri School of Management, Rajagiri Center for Business Studies, School of Media Studies etc. Sunrise hospital is a prominent hospital in the area. Some of the important religious institutions in the area are Trikkatara temple, Brahmapuram Mohiyuddin mosque, St. Antony’s church etc. Besides, there are many other important facilities like banks, shopping centers, entertainment facilities, restaurants etc. Two prominent rivers that flow through the area are the Kadambrayar river and the Chitrapuzha river. Kakkanad also has a ferry terminal with regular boat service between Kakkanad and Vytila.
IT facilities
Kakkanad is renowned for its IT parks and Cochin Special Economic Zone (CSEZ) which houses various prominent companies including many MNCs. It has an Infopark stretched across two phases. Some of the important companies in Phase-I are TCS, Wipro, L&T, Mindsoft Technologies, Ernst & Young etc. Some of the important companies in Phase-II are Cognizant and CTS Software. Besides, land has already been allotted by the state government in the vicinity of the Infopark for the proposed Kochi Smart City. Moreover, the CSEZ is also located in Kakkanad. Some of the prominent IT companies here are Sutherland Global Services, Wrench Solutions etc.
Developers and Prices
Most of the residential units in Kakkanad are either 2 or 3 BHK apartments, with the average price for such units being about Rs. 3,500 per sq. ft. The average rental in the area is about Rs.10 per sq. ft. Some of the prominent completed residential apartment projects in the area are Purva Eternity by Puravankara Projects, Skyline Yale by Skyline Builders, ABAD Bluechip Apartments by ABAD Builders, Green Hills by Mather Projects, Infra Aspire by Infra Housing etc. Some of the ongoing residential apartment projects in the area are New Town Heights by DLF Group, Tufnell Park by Jain Housing, Skyline Cornell by Skyline Builders, Infra Nouvelle by Infra Housing, Confident Indus by Confident Group etc.
Future Prospects
With Kakkanad buzzing with activity due to the presence of the Infopark and CSEZ as well as the proposed Smart City, the area is expected to witness a residential realty boom in the near future. Many prominent developers are expected to embark on prestigious as well as luxury residential projects in the area. There is also a rising demand for such residential units from uber-rich buyers looking for luxury residences in the area with all modern facilities.
