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As per the disclosed sources to the www.propertykhazana.com every individuals at Kerala will be working at Gulf, Because of this froth the Kochi and Ernakulum is going to catch an opportunity at the real estate market. The Cochin port trust has entered into a contract with the Dubai port International which is into management of Container Trans Shipment Terminal (ICTT) at Vallarpadam. The Cochin port also provides a boarding for the other projects like international bunkering terminal, a ship repair yard and the CNG terminal which was into tie-up with the international cruise ships. An international airport is also been constructed with collaboration with the public and private partnership.
Because of its growth at tourism and international trade there is an increased demand with the expansion of hotels and retail undertakings. As a result of this the growth of the city in real estate sector is forecasted because of the emergence of 50,000 housing apartments in the coming 2-3 years.
Further the available sources says at the www.propertykhazana.com that the city of Kochi is expected to progress as because of the introduction of new airport and also the new highway that is going to run parallel across the coast leading to improvement in overall infrastructure.
The value of projects are on the peak at many places like Marine Drive, Chitoor Road, Shanmugam Road and also at some parts of MG road as they are the places apt for future developments. The apartments located at Marine Drive costs about 80, 00,000 at a square feet of 4000-4500 square feet respectively. The investors are also ready to invest in Marine Drive apart from the Ocenia projects included at Kakkanad and Edapally, leading to low prices of these places the lands are available at the cheaper prices.
The other promoters like Prestige Group off Bangalore and the Abad group with Neptune Courtyard are going to come with the new residential projects at Marine Drive, says the realty sources to the www.propertykhazana.com .
The domestic promoters like Skyline builders are about to invest at the Kaloor apartments ranging about Rs.1700-2600 per square feet. The Great India estates have fixed a rate of 3000 per square feet for the residential apartment that is going to come at the Kakkanad.
NRI financed a capital for the residential sites as it is going to book these units whose value has been appreciated by 60-80%.
The establishment of malls is going to be set up by the year 2009, apart from the development of commercial properties. Even the other malls such as Lulu mall, Aerens Gold Souk, Abad mall, Mall O, Metro one and the Kalyan Mall.
The Summit mall is the mall that is going to be constructed with 12 floors as by a hotel as well as mall is going to be established at the Marine Drive.
Source: NIMMA BENGALURU
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Total Floors in Complex: 18
Property on Floor: 2nd Floor