Top Projects - Kerala

01 Aug 2011 CW Team

The large scale tourism enhancing activities being undertaken in Kerala are attracting the attention and interest of many real estate companies. The state, owing to its world-renowned status, provides the best real estate services to its prospective clients. Several well-reckoned as well as up-coming real estate firms in Kerala are therefore vying with each to offer the best of properties comprising luxury/budget hotels, resorts, homestays, apartments, villas and independent houses to its clients.

The IT sector boom in the state, especially in the rapidly-expanding Kochi and Thiruvananthapuram cities and their suburbs, has also paved the way for IT parks with state-of-the-art buildings and hi-tech campuses, thus enhancing the scope of the real estate scenario. Besides, developments such as privatisation of the international airport and upgradation of the Kochi sea port have brightened the real estate prospects in the city.

Upcoming residential developments

Consumers in Kerala, influenced by the influx of many multinationals in the state, are slowly adopting to a new life-style that is on par with global standards. This is also reflected in the various real estate developments coming up in the state. "There is a growing demand for apartments and villas in the state," says Shamshad, Asst Manager - Marketing, Landmark Builders. Similarly, concept-based homes or themed villas, priced at between Rs 1.5-3.5 crore, are emerging as the latest trend. The growing demand for housing units and the constraints on space have also induced Kerala builders to focus on building apartments. They are now offering top-of-the line fittings and life-style add-ons like clubs and swimming pools to apartment complexes to woo home makers. Some of the upcoming projects in Kerala include:

Acropolis: This project by Landmark builders at Calicut comprises seven towers having G+18 and G+23 floors of 2/3 BHK apartments and office spaces with several amenities. It is scheduled for completion by October 2014.

Hacienda: This project by Mather Projects at Aluva comprises a tower of G+22 floors with 2-4 BHK apartments.

Vrindavan: The residential tower developed by Kalpaka Builders Pvt Ltd at Edapally comprises a tower of G+14 floors with 84 apartments of 2/3 BHK.

Tiknar Voyage: This project by Tiknar Homes Pvt Ltd in Kochi comprises two towers of G+19 floors having 84 apartments of 2/3 BHK.

Upcoming commercial developments

With significant investments by large firms and NRIs in massive projects, the commercial sector in Kerala is experiencing an enormous upsurge. The state is connected globally through air, sea and road. This has led to consequential activities by the IT and software industries. Also, with several institutions, both private and public, planning to invest in the IT and business parks of the city, there is a tremendous corporate influx in Kochi. Prominent infrastructural developments like the Metro Rail Project, New Bus Terminal at Vytilla, the International Container Transshipment Terminal (ICTT), LNG Terminal, port-based SEZs and International Cruise Terminal is further augmenting the commercial advancement and subsequent growth in the state. Some of the upcoming commercial projects in the state include:

International airport: Kannur International Airport Pvt Ltd plans to develop a greenfield airport on 2,700 acre. Approved by the state government, the project is likely to be completed by 2013.

Technocity: This township at Thiruvananthapuram by Kerala State IT Infrastructure Ltd comprises IT, ITES infrastructure as well as residential, commercial and touristic structures, etc.

Theme Park: The state government is building a hi-tech theme park on PPP basis at Thiruvananthapuram with a 4D theatre complex, ethnic cottages, cable van, etc.

The large scale tourism enhancing activities being undertaken in Kerala are attracting the attention and interest of many real estate companies. The state, owing to its world-renowned status, provides the best real estate services to its prospective clients. Several well-reckoned as well as up-coming real estate firms in Kerala are therefore vying with each to offer the best of properties comprising luxury/budget hotels, resorts, homestays, apartments, villas and independent houses to its clients.The IT sector boom in the state, especially in the rapidly-expanding Kochi and Thiruvananthapuram cities and their suburbs, has also paved the way for IT parks with state-of-the-art buildings and hi-tech campuses, thus enhancing the scope of the real estate scenario. Besides, developments such as privatisation of the international airport and upgradation of the Kochi sea port have brightened the real estate prospects in the city.Upcoming residential developmentsConsumers in Kerala, influenced by the influx of many multinationals in the state, are slowly adopting to a new life-style that is on par with global standards. This is also reflected in the various real estate developments coming up in the state. There is a growing demand for apartments and villas in the state, says Shamshad, Asst Manager - Marketing, Landmark Builders. Similarly, concept-based homes or themed villas, priced at between Rs 1.5-3.5 crore, are emerging as the latest trend. The growing demand for housing units and the constraints on space have also induced Kerala builders to focus on building apartments. They are now offering top-of-the line fittings and life-style add-ons like clubs and swimming pools to apartment complexes to woo home makers. Some of the upcoming projects in Kerala include:Acropolis: This project by Landmark builders at Calicut comprises seven towers having G+18 and G+23 floors of 2/3 BHK apartments and office spaces with several amenities. It is scheduled for completion by October 2014.Hacienda: This project by Mather Projects at Aluva comprises a tower of G+22 floors with 2-4 BHK apartments.Vrindavan: The residential tower developed by Kalpaka Builders Pvt Ltd at Edapally comprises a tower of G+14 floors with 84 apartments of 2/3 BHK.Tiknar Voyage: This project by Tiknar Homes Pvt Ltd in Kochi comprises two towers of G+19 floors having 84 apartments of 2/3 BHK.Upcoming commercial developmentsWith significant investments by large firms and NRIs in massive projects, the commercial sector in Kerala is experiencing an enormous upsurge. The state is connected globally through air, sea and road. This has led to consequential activities by the IT and software industries. Also, with several institutions, both private and public, planning to invest in the IT and business parks of the city, there is a tremendous corporate influx in Kochi. Prominent infrastructural developments like the Metro Rail Project, New Bus Terminal at Vytilla, the International Container Transshipment Terminal (ICTT), LNG Terminal, port-based SEZs and International Cruise Terminal is further augmenting the commercial advancement and subsequent growth in the state. Some of the upcoming commercial projects in the state include:International airport: Kannur International Airport Pvt Ltd plans to develop a greenfield airport on 2,700 acre. Approved by the state government, the project is likely to be completed by 2013.Technocity: This township at Thiruvananthapuram by Kerala State IT Infrastructure Ltd comprises IT, ITES infrastructure as well as residential, commercial and touristic structures, etc.Theme Park: The state government is building a hi-tech theme park on PPP basis at Thiruvananthapuram with a 4D theatre complex, ethnic cottages, cable van, etc.