All forums | Offtopic | Huge revenue generators employing thousands
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Gifford66
subject: Huge revenue generators employing thousands
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Oct 24, 2007 - 2:27 a.m. |
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Cochin is considered as the second best ITES destination. Placed situated in a 100 acre campus in Kochi, Infopark is ideal for ITES units.
The Dubai-based Tecom Investments, which has signed an agreement with the Kerala Government for setting up the Smart City in Kochi, has said that it plans to ‘go green’. The Smart City project would be adopting globally benchmarked environment-friendly practices that will make its developments energy and resource efficient.
With the Rs. 20 billion International Container Transshipment Terminal at Vallarpadam, and the proposed fashion city all prepared to set base in Kochi, the economic capital of Kerala; Kochi is all set to take off in a major way nationally and internationally.
The projects by themselves are huge revenue generators and will employ thousands of local professionals. Directly and indirectly they will provide employment and income to thousands more. The economics of the state as a whole will be positively impacted once these projects are well on its way.
One sector that is going to benefit highly from all these projects is the real estate sector. The Real estate Kochi started exhibiting a rapid rise soon after the initial proposal for the Smart City was put forward. Now that the project has received the green signal the rise in land and property price has reached an all time high with the clear understanding that it will continue to rise.
The need for all types of residential spaces is apparent in Kochi. Apartments that cater to the needs of poor, medium class, rich and the very rich are required in Kochi. The potential to cater to all the segments in the area of housing is perhaps unique to Kochi in the state of Kerala.
Builders in Kochi start a project with a clear understanding of the type of investors they intend to attract. So every apartment project in Kochi seems to be a success. There are buyers for all categories of apartments.
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