Kochi
Kerala real estate is growing and amid rising number of accident cases at construction sites and insufficient safety measures, the Kerala wing of Confederation of Real Estate Developers’ Association of India (CREDAI) is planning to bring out a safety manual for workers in the construction industry. The developers’ body is to release the manual at [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) Kerala is organising the first ever state conference, ‘CREDAI STATECON 2012‘ for the builder fraternity of the state on September 8, 2012 at Kochi. CREDAI Kerala was formed in the year 2010 and has 4 chapters at Thiruvananthapuram, Kochi, Thrissur and Kozhikode and nearly 160 members. [...] Continue Reading »
Expanding IT/ITeS sector paved the way for real estate growth in Kochi. Now, in the last 2-3 months the real estate sector has exhibited significant appreciation in property value with the metro rail project coming up. Property prices have increased up to 30 per cent in areas where metro rail work has begun. Kaloor and [...] Continue Reading »
Kochi is seeing spurt in the real estate sector, owing to IT developments. The city has seen launch of new residential, IT, retail, commercial and infrastructure projects over the last few quarters. The residential values of prime localities witnessed a 12-15 per cent hike in values, while rental recorded a growth of up to 25 [...] Continue Reading »
In a bid to increase revenue as well as to address the issue of illegal building, the Kochi Corporation is planning to allot building numbers to all unauthorized buildings and then impose penalty three times the normal tax on the owners. Both residential and commercial buildings constructed without prior approval from the civic body would [...] Continue Reading »
The proposed Kochi Metro Rail project is expected to positively impact city’s real estate market. The project is slated to be completed in three years’ time. A report prepared by Geojit BNP Paribas Property Services points out those areas within 500 meters from the 23 Metro stations coming up in the 1st phase will witness [...] Continue Reading »
While realty is growing in Kerala, especially in cities like Kochi, drinking water supply in flats have remained irregular for months. Occupants of newly-built flats in Kalamassery, Thrikkakara, and Kakkanad are facing water shortage forcing them to buy water sold through tanker Lorries. Since they cannot get access to water supply, flat dwellers have to [...] Continue Reading »
Considering that the intricate self-assessment forms of property tax proves to be difficult ones to fill out for residents, Kochi Corporation is to send out its officials to help residents fill the forms. The welcome move is announced as a wide range of information, including the distance of the building from the thoroughfare, type of [...] Continue Reading »
A high-level coordination committee of the Congress party asked the Oommen Chandy government in Kerala to revise existing laws and bring in suitable new laws to protect the agricultural lands from getting used for constructions in the state. Till now, around seven lakh hectares of total nine lakh hectares of farm land have been either [...] Continue Reading »
Due to less supply and delayed monsoon, cement costs rose to Rs 55 per bag across markets. A source said the hike will not stay long since it is due to supply shortage and onset monsoon. South has witnessed a mixed trend with Hyderabad and Bangalore seeing a correction of Rs 5 per bag, and [...] Continue Reading »
