Olive Iantha

By: Olive Builders & Developers Pvt Ltd in Edappally

Project Highlights:         

• Building Permit no: BA-393/14
• Flower Garden
• Eco-friendly Environment.

About the Project:

Olive Iantha Flats in Edappally, Kochi, provides new apartments in the urban core of the city of Ernakulam, situated next to the Lulu Mall, in Edapally. IANTHA is the newest luxury apartment in the Kochi city designed by olive builders offering top-class apartments near the Lulu Mall. Like the recent addition to the residential home area by the olive builders, IANTHA's place in the heart of the city lets it catch in its full glory the true essence of Kochi. Each of these apartments in Edappally is characterized by the well-admired buildings of the Olive Constructors. Olive Iantha spreads over 2.02 acres of land with 62 units of 2, 3 and 4 BHK Apartments.

Address: Near Lulu Mall, Edappally, Kochi, Kerala, INDIA.

Advantage of  Project Location

• Airport: 22KM
• Railway Station:1.5KM
• Bustand-3km
• Hospital-700M
• Shopping Mall-600m
• Educational Institution -1KM.

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.