Kochi’s real estate sector records surge in raw material costs

30 Sep 2021 CW Team

The real estate sector in Kochi, which is expecting a revival from the Covid-induced losses, is now witnessing a surge in raw material costs.

Managing Director of Asset Homes and Executive members of the Confederation of Real Estate Developers' Associations of India (CREDAI) Kochi told the media that there would be a surge in demand in Kochi like it is happening in other parts of the country. He also said that the cost of construction in Kerala had increased considerably during the Covid-19 pandemic, making it unaffordable.

He said that the construction cost has increased due to two ways. Firstly, due to the price hike of raw materials, which comes around Rs 350 per sq ft and secondly, because of the 500 due to the unavailability of the Goods and Services Tax (GST) input tax credit. The price per sq ft has increased to Rs 850 in Kochi.

Kochi's real estate sector relies mostly on non-residents Keralites (NRKs). Leaving the affordable housing projects, NRKs make up 60% of the total clientele. This segment will strengthen if the borders are opened, and air travel becomes cheaper, he said.

According to the National Housing Bank (NHB) Residex, the carpet area prices of real estate properties have been surging steadily over the last seven years. In total, the carpet area prices in Kochi increased to Rs 6,843 per sq ft from Rs 4,288 per sq ft, which is a 60% growth in seven years.

Image Source

Also read: 50,000 affordable houses would be on offer by year-end in NCR: Anarock

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..