Kerala's Emerging Office Space Hubs
Real Estate

Kerala's Emerging Office Space Hubs

Kochi and Thiruvananthapuram, Kerala's two major cities, possess a combined office space of 14 million square feet, the highest among tier-II cities, according to a report by the Confederation of Real Estate Developers' Associations of India (CREDAI) Kerala and Cushman & Wakefield. Thiruvananthapuram and Kochi rank among the top 10 emerging real estate markets, with significant potential in areas such as infrastructure, income levels, and housing affordability. Kerala's real estate sector is poised for substantial growth, attracting corporate occupiers and developers due to favorable government policies, a skilled non-resident Keralite workforce, a talent pool, and improved infrastructure.

The report also highlights other cities in Kerala, such as Kozhikode, Thrissur, and Palakkad, taking strides in real estate development, making the state attractive for office occupiers seeking alternatives to major cities.

Despite growth opportunities, the state faces challenges, including land constraints, ecological regulations, land ownership restrictions, and high stamp duty and registration charges. To boost vertical development, the report recommends increasing the floor-space index and providing infrastructure improvements.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Kochi and Thiruvananthapuram, Kerala's two major cities, possess a combined office space of 14 million square feet, the highest among tier-II cities, according to a report by the Confederation of Real Estate Developers' Associations of India (CREDAI) Kerala and Cushman & Wakefield. Thiruvananthapuram and Kochi rank among the top 10 emerging real estate markets, with significant potential in areas such as infrastructure, income levels, and housing affordability. Kerala's real estate sector is poised for substantial growth, attracting corporate occupiers and developers due to favorable government policies, a skilled non-resident Keralite workforce, a talent pool, and improved infrastructure. The report also highlights other cities in Kerala, such as Kozhikode, Thrissur, and Palakkad, taking strides in real estate development, making the state attractive for office occupiers seeking alternatives to major cities. Despite growth opportunities, the state faces challenges, including land constraints, ecological regulations, land ownership restrictions, and high stamp duty and registration charges. To boost vertical development, the report recommends increasing the floor-space index and providing infrastructure improvements.

Next Story
Resources

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

Next Story
Real Estate

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Next Story
Infrastructure Transport

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement