MPS Argento

By: MPS India Holdings Pvt. Ltd in Edappally

Welcome to MPS Argento, an abode of magnificent Apartments with all modern features required for a soulful living. Nestled amidst a posh locality, Edappally in Kochi, this Residential haven flaunts a resort-like environment that effectively eases off the day's tiredness and makes you discover the difference between a concrete house and a loving home. The builders of the project, MPS India Holdings Pvt. Ltd have ensured that all homes at MPS Argento offer privacy and exclusivity to its inhabitants. It is a place that sets a contemporary lifestyle for its residents. The MPS Argento offers 18 luxurious, environmental friendly 2 BHK and 3 BHK beautiful houses. MPS Argento in a thoughtfully designed project having world class amenities like 24Hrs Water Supply, 24Hrs Backup Electricity, Security Personnel and Waste Management.

The MPS Argento is meticulously designed and exclusively planned with world class amenities and top line specifications such as 24Hrs Water Supply, 24Hrs Backup Electricity, Security Personnel and Waste Management.

The Approx percentage of units sold out till now is 100.

MPS Argento The township is located Edappally in. Kochi city.

Edappally is an upcoming area in close proximity with Kochi, a major port city in India. It attracts a lot of interest, thanks to the Edappally junction, which is the point where two major roads meet, NH-47 and NH-17. The region is also connected to major towns like Eloor, Kalamassery, Vyttila, Palarivatoom, Aluva, and others by rail and road.

In 1999, Edappally witnessed the establishment of Amrita Institute of Medical Sciences, which aimed at treating patients suffering from diabetes. The relatively low medical costs combined with the use of cutting-edge technology made Edappally a global health destination.

The region is also home to Kerala’s largest mall. Housing an array of international and national kiosks of various chains, the mall has caused shoppers and leisure seekers alike to gravitate to Edappally.

Connectivity and Transit Points

With Edappally having a major junction in the region, commuting is easy. Kerala State Road Transport Corporation has created an efficient bus route system that connects all major towns in the vicinity. In addition to the State-run transport, privately owned buses also run along the same routes to keep up with the rise in number of commuters.

Edappally Railway station located in the North-Western side of the region makes other major towns in Kerala accessible. A MEMU (Mainline Electric Multiple Unit) train has also been introduced recently to stem the rush during peak hours and keep rising noise levels in check.

The distance to Kochi international airport is about 23 kilometers, which should take about half an hour.

Major Landmarks

•      Lulu mall
•      Edappally Juma Masjid
•      Amrita Institute of Medical Sciences
•      Edappally Ganapathy Temple
•      Oberon Mall
•      Raghavan Pillai Park
•      Museum of Kerala History, Edapally
•      St. George's Forane Church of Edappally
•      Changampuzha Park

Factors for Growth in the Past

Edappally was initially a major transit point; which naturally led to the development of road infrastructure. Later, with the completion of Amrita Institute of Medical Sciences, the city became a global health destination. People from around the world flocked to the region in search of medical treatment since it was economical. The local business scene also evolved to meet the needs of their new international clientele.

Residential & Commercial Market

Residential Market Trends

There has been a huge shift in the real estate market in Edappally. Initially, most of the property available for sale were plots and layouts. But now a major part of the real estate market in Edappally are apartments and houses. In the April-June 2014 quarter, the cost of property in the region appreciated to Rs 4,100 per sq. ft.

Commercial Market Trends

Due to the constant flow of people from around the globe, the region is evolving to cater to their needs. International hotel chains, restaurants, lodges, malls, ATMs, and hospitals have sprung up in this area, thus driving up the property price per sq. ft.

Major Challenges

Being an industrial city, Edappally is noisy! Water scarcity during summer months is also a recurring problem in certain parts of the region. Due to heavy traffic, the air quality around the junction suffers.

The Edappally canal, which was a seasonal water source and a major transport channel for goods, has been polluted due to the rapid urbanisation of the region. Many establishments have encroached upon areas around the canal without permits. Waste water and untreated sewage also end up in the canal, harming the water quality.

The PWD department is working to keep the city clean, but during rains this becomes more challenging. Stagnant water has caused the mosquito population to rise.

Other problems like traffic blocks and flooded roads during rains are prevalent, as well.

Factors for Growth in the Future

The Metro rail in the city, once completed, will offer a direct route between major towns around Kochi. This metro has a route running through the heart of Edappally.

The PWD is also gearing up to provide better infrastructure to accommodate the rising population demand in the region, by upgrading and maintaining the existing roads, water supply routes, and sewage lines.

Edappally has also seen the rise of many new projects, a majority of which have been completed. Real estate prices in Edappally fluctuate a little throughout the year, but once the metro is completed, a sharp rise in property price is expected, encouraging property investment.