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Travancore
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Discussion Starter #61
Lemon tree had a resort in Muhamma on Vembanad lake already...Is this a new one?

Footnote 1: Expansion of existing property!!
 

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Travancore
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Discussion Starter #62
 

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Travancore
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Report puts Kakkanad at the centre of real estate boom

http://www.newindianexpress.com/cities/kochi/2018/nov/24/report-puts-kakkanad-at-the-centre-of-real-estate-boom-1902460.html

As per the report, Kochi has a total organised residential stock of 47,858 units in 494 apartment projects.


By Express News Service
KOCHI: Residential stocks are getting concentrated at Kakkanad, which is home to nearly 35 per cent of apartments in the metro city, according to a survey, ‘Unravelling Kerala Real Estate, A Study on Kochi, Thiruvananthapuram and Thrissur,’ carried out recently by JLL.

As per the report, Kochi has a total organised residential stock of 47,858 units in 494 apartment projects. The market estimates suggest that more than 70 per cent of this supply has already been sold. The Peripheral Business District (PBD), which comprises Aluva, Kakkanad, Nedumbassery, Maradu, Kalamassery, Tripunithura, Vazhakala, and areas adjacent to Seaport-Airport road, account for more than 60 per cent of the total supply of the city. As many as 55 per cent of the supplies are situated within Kakkanad area. Kakkanad area alone has 35 per cent of the city supply.

On the other hand, Central Business District (CBD) comprising Marine Drive, Thevara, Ravipuram, Panampilly Nagar, Kadavanthara, Banerji Road, and Elamkulam only accommodate 15 per cent of the total stock in the city. Similarly, Secondary Business District (SBD) based on locations, Irumpanam, Vytilla, Kaloor, Vennala, Palarivattom, NH Bypass and Edappally only have 20 per cent of the stock.

Najeeb Zackeria, Chairman, Confederation of Real Estate Developers Associations of India (CREDAI), Kerala, said the availability of land and developmental activities, especially the presence of Infopark, has turned Kakkanad as favourite place of builders and consumers.

Two most popular places for the buyers are Kakkanad and Marine Drive.“Affordable projects are concentrated around Kakkanad. While luxury projects make Marine Drive area one of the most sort-after places in Kochi, average price of the apartments is around Rs 8000-11,000 sq ft in Marine Drive. In Kakkaand we get apartments which cost less than Rs 5,000-sqft in Kakkanad,” he said. The JLL report observed that 3-bhk homes account for a maximum supply of 55 per cent in Kochi. This is followed by 33 perent for 2-bhk.

JLL report also suggests that Kakkanad is also popular for commercial office space in Kochi. “Infopark has been a primary driver of real estate development in the vicinity. The Kakkanad area, which falls under the PBD East micro-market of Kochi city, has witnessed good commercial development following heavy investments made by the state government in 30-km stretch of sea-port, airport ring road and construction of the collectorate. The NH bypass also provides connect,” says the report. As far as the retail market is concerned, Panampilly Nagar has grown in prominence recently.

‘Kerala needs sustainable model of construction’

Kochi; Shashi Tharoor MP on Friday said Kerala at present needs a socially committed and sustainable model of construction. He was speaking after inaugurating the fourth state conference of CREDAI Kerala held at Kochi. “We need more expertise in building homes that can resist and survive landslides. To create such initiatives the state government and agencies can use the expertise of organisations like CREDAI. Profit, Planet and People (3P’s) are the three mantras a construction company should follow. Profit may not be the refining parameter but the other two have social commitments. Prefab construction model which is a great success in foreign countries can be implemented in Kerala to create light and durable buildings,” he said

Apartment real estate sector in nascent stage in T’puram and Thrissur

Kochi: The residential apartment culture in Thiruvananthapuram and Thrissur is still in its nascent stage compared with Kochi. A survey carried out by JLL reveals that urban infrastructure projects will boost real estate development in Thiruvananthapuram and Thrissur. When Kochi has a total organised residential stock of 47, 858 units in 492 apartment projects, the same in Thiruvananthapuram has a stock of 19,680 units. The total stock in Thrissur is 7,429 units in 134 projects. In Thiruvananthapuram, the highest share of supply is in 3-BHK which is more than 50 percent of the total stock. The total 2 and 3-BHK units account for 88 per cent of the total stock. There are 2,719 villas in Thiruvananthapuram, mostly developed by local developers. In Thrissur also a substantial part of the stocks consists 2 and 3-BHK apartments, accounting for 79 per cent. Thrissur has 783 villa units.
 
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Travancore
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Discussion Starter #66
^^ JLL on Commercial, Retail and Industrial Real Estate in key cities





 
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Travancore
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Discussion Starter #67 (Edited)

When they are anyway replicating reports can't they atleast get the numbers right!! IP Phase 2 rates in Table ???
 

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Travancore
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Discussion Starter #69
 

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Finally something happening on that site...it's a prime.location...But as it can't be used for Residential purpose...what is the benefits for Adani... another IT park looks less viable
 

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Was expecting MAY to take over it...but it's good another corporate took it. There was over dependency on MAY for any projects...
 

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Travancore
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Discussion Starter #73
Yes...And since its Adani's , hopefully no more delay on issues from the GoI/ Centre wrt to land/ownership...
 

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Ownership has been cleared by SC... however there is a rider that it cannot be used for residential purpose...in a way it's good else it would have been used for residential towers
 

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Will be interesting to see the deal value...HDIl got it at total 91 cr...now per acre value is 20 core...that means total value around 1400 crores...But am sure Adani would have got it half price due to distress sale
 

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Travancore
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Discussion Starter #78
^^ What was the reason to exclude Kozhikode from that survey?

JLL may not have got any business leads from Calicut so far for their advisory/deals services...Once they see some business for themselves, CLT too will become part of the survey...
 

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Travancore
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Discussion Starter #79


The much needed policy on land issues...
 

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Discussion Starter #80


The much needed policy on land issues...
 
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