Kochi Smart City and Real Estate Business in Kochi
The implementation of Kochi Smart City is a great opportunity for the real estate kings of Kochi. The pact for Kochi smart city has been cleared by the Government of Kerala and Dubai government after long terms of crucial discussions. M A Yusuf Ali played a major role in Kochi Mart City project. Any way, this dream decision is going to change the Real Estate business sector in Kochi. Real Estate sector in Kochi was going in a great decline during last few years due to economic recession and all. But Kochi Smart City has opened a diamond window for the real estate business men of Kochi.
How does Kochi Smart City influence the Real Estate business
With the introduction of Kochi Smart City, Kochi is going to be the top IT hub in the world. Kochi is also building up a township along with Kochi Smart City. The most important thing is that Kochi is having all the infrastructure and resources to achieve the above mentioned goals. For example, acres of land are available in Kakkanad, Edakochi etc for mass constructions. More over the cost of land is very much less compared to other big cities of India. The advantage of sub marine will also make the raw materials faster and efficient. All these facilities attract millions of investments in Kochi as well a great chance for the real estate business men to materialize their dream. All the present happenings demands for new constructions. So this is the best time for the estate holders to make their unused piece of land in to a modern township.
Kakkanad is already getting congested and there is no more space left for development then why this place was choosed for Smart City.One should also think about employees who work at Smart city how they get back to their home after work and they should not struggle for hours in traffic jams.The distance from Airport to proposed Smart City location is almost 25KM and it takes almost 2 hrs during the peak traffic hours.There is heavy pollution due to the nearby Kochi Refineries.
Why not Nedumbassery was choosen as the site for Smart City as this is near to airport also close to NH47 Highway no traffic problem enough land for infrastructure and lush green pollution free place.